Private credit by deposit money banks and other financial in Libya
Libya: Private credit by deposit money banks and other financial was 7.1% in 2021. ◆ Volatile
Private credit by deposit money banks and other financial in Libya, 1963–2021
Source: International Financial Statistics (IFS), International Monetary Fund (IMF). Measured in %.
Analysis
In 2021, private credit by deposit money banks and other financial in Libya stood at 7.1%.
The figure is down 83.8% on the previous year and down 66.8% over ten years.
Over the whole period, private credit by deposit money banks and other financial in Libya peaked at 60.8% in 2015 and was at its lowest, 2.4%, in 1968.
Libya ranks 182nd of 187 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Private credit by deposit money banks and other financial in Libya, year by year
| Year | % | Change |
|---|---|---|
| 1963 | 3.8% | — |
| 1964 | 2.9% | -22.8% |
| 1965 | 2.5% | -13.3% |
| 1966 | 2.7% | +7.3% |
| 1967 | 2.5% | -8.5% |
| 1968 | 2.4% | -5.2% |
| 1969 | 2.4% | +2.8% |
| 1970 | 3.9% | +60.4% |
| 1971 | 4.9% | +26.4% |
| 1972 | 6.2% | +26.8% |
| 1973 | 8.9% | +42.0% |
| 1974 | 12.3% | +38.9% |
| 1975 | 15.5% | +25.6% |
| 1976 | 14.0% | -9.5% |
| 1977 | 13.8% | -1.6% |
| 1978 | 15.3% | +11.1% |
| 1979 | 12.6% | -17.3% |
| 1980 | 9.8% | -22.7% |
| 1981 | 21.0% | +115.5% |
| 1982 | 14.5% | -31.0% |
| 1983 | 23.1% | +59.3% |
| 1984 | 23.7% | +2.5% |
| 1985 | 22.8% | -3.6% |
| 1986 | 25.8% | +13.1% |
| 1987 | 31.2% | +20.6% |
| 1988 | 32.1% | +2.9% |
| 1989 | 30.6% | -4.5% |
| 1990 | 29.2% | -4.6% |
| 1991 | 32.2% | +10.2% |
| 1992 | 32.5% | +0.9% |
| 1993 | 35.7% | +10.0% |
| 1994 | 35.6% | -0.4% |
| 1995 | 35.5% | -0.2% |
| 1996 | 26.7% | -24.9% |
| 1997 | 26.6% | -0.2% |
| 1998 | 26.7% | +0.3% |
| 1999 | 27.9% | +4.6% |
| 2000 | 24.1% | -13.7% |
| 2001 | 24.0% | -0.6% |
| 2002 | 22.6% | -5.6% |
| 2003 | 17.9% | -21.0% |
| 2004 | 14.8% | -16.9% |
| 2005 | 7.4% | -50.4% |
| 2006 | 6.5% | -11.1% |
| 2007 | 6.2% | -5.7% |
| 2008 | 8.5% | +38.3% |
| 2009 | 13.3% | +56.1% |
| 2010 | 10.1% | -24.4% |
| 2011 | 21.3% | +110.9% |
| 2012 | 10.8% | -49.2% |
| 2013 | 19.9% | +84.2% |
| 2014 | 45.6% | +129.1% |
| 2015 | 60.8% | +33.3% |
| 2016 | 50.7% | -16.6% |
| 2017 | 29.0% | -42.8% |
| 2018 | 20.2% | -30.1% |
| 2019 | 20.6% | +1.8% |
| 2020 | 43.5% | +111.0% |
| 2021 | 7.1% | -83.8% |
Libya compared with similar countries
- Libya's 7.1% is below the median for upper middle income countries, which is 50.2%, 14% of the median. (55 countries reporting)
- Libya's 7.1% is below the median for Middle East, North Africa, Afghanistan & Pakistan, which is 64.4%, 11% of the median. (23 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 2.7% | 2.4% | 3.8% | 7 |
| 1970s | 10.7% | 3.9% | 15.5% | 10 |
| 1980s | 23.5% | 9.8% | 32.1% | 10 |
| 1990s | 30.9% | 26.6% | 35.7% | 10 |
| 2000s | 14.5% | 6.2% | 24.1% | 10 |
| 2010s | 28.9% | 10.1% | 60.8% | 10 |
| 2020s | 25.3% | 7.1% | 43.5% | 2 |
Countries ranked near Libya
More financial sector data for Libya
- Reserve position in the IMF, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0116 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 74.95 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 0 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0085 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 54.73 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0116 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 74.95 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 0 % change on previous year (2025)
Frequently asked questions
- What is private credit by deposit money banks and other financial in Libya?
- Private credit by deposit money banks and other financial in Libya was 7.1% in 2021, according to International Financial Statistics (IFS), International Monetary Fund (IMF).
- What is the highest private credit by deposit money banks and other financial recorded in Libya?
- The highest recorded value was 60.8% in 2015.
- What is the lowest private credit by deposit money banks and other financial recorded in Libya?
- The lowest recorded value was 2.4% in 1968.
- How does Libya rank for private credit by deposit money banks and other financial?
- Libya ranks 182nd out of 187 countries with data for 2021.
- Is private credit by deposit money banks and other financial rising or falling in Libya?
- Over the last ten years it is down 66.8%. The long-run trend across the full record is volatile.
- Where does this Libya data come from?
- The figures come from International Financial Statistics (IFS), International Monetary Fund (IMF), published as part of Private credit by deposit money banks and other financial institutions to GDP (%). Statizoid updates them automatically from the source API.
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About this data
Private credit by deposit money banks and other financial institutions to GDP, calculated using the following deflation method: {(0.5)*[Ft/P_et + Ft-1/P_et-1]}/[GDPt/P_at] where F is credit to the private sector, P_e is end-of period CPI, and P_a is average annual CPI. Raw data are from the electronic version of the IMF’s International Financial Statistics. Private credit by deposit money banks and other financial institutions (IFS lines 22d and 42d); GDP in local currency (IFS line 99B..ZF or, if not available, line 99B.CZF); end-of period CPI (IFS line 64M..ZF or, if not available, 64Q..ZF); and average annual CPI is calculated using the monthly CPI values (IFS line 64M..ZF)