Remittance inflows to GDP in Libya
Libya: Remittance inflows to GDP was 0.0% in 2019. ◆ Volatile
Remittance inflows to GDP in Libya, 2000–2019
Source: World Development Indicators (WDI), World Bank. Measured in %.
Analysis
In 2019, remittance inflows to gdp in Libya stood at 0.0%. That is the lowest value across all 20 years on record.
Over the whole period, remittance inflows to gdp in Libya peaked at 0.0% in 2002 and was at its lowest, 0.0%, in 2007.
That places Libya 190th out of 197 countries with data for 2019, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Remittance inflows to GDP in Libya, year by year
| Year | % | Change |
|---|---|---|
| 2000 | 0.0% | — |
| 2001 | 0.0% | +24.7% |
| 2002 | 0.0% | +16.6% |
| 2003 | 0.0% | -10.9% |
| 2004 | 0.0% | -0.9% |
| 2005 | 0.0% | +5.0% |
| 2006 | 0.0% | -16.0% |
| 2007 | 0.0% | -100.0% |
| 2008 | 0.0% | — |
| 2009 | 0.0% | — |
| 2010 | 0.0% | — |
| 2011 | 0.0% | — |
| 2012 | 0.0% | — |
| 2013 | 0.0% | — |
| 2014 | 0.0% | — |
| 2015 | 0.0% | — |
| 2016 | 0.0% | — |
| 2017 | 0.0% | — |
| 2018 | 0.0% | — |
| 2019 | 0.0% | — |
Libya compared with similar countries
- Libya's 0.0% is below the median for upper middle income countries, which is 4.0%. (58 countries reporting)
- Libya's 0.0% is below the median for Middle East, North Africa, Afghanistan & Pakistan, which is 1.9%. (21 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 0.0% | 0.0% | 0.0% | 10 |
| 2010s | 0.0% | 0.0% | 0.0% | 10 |
Countries ranked near Libya
- 187 Angola 0.0% compare
- 188 Papua New Guinea 0.0% compare
- 189 Turkmenistan 0.0% compare
- 190 Central African Republic 0.0% compare
- 190 Chad 0.0% compare
- 190 Equatorial Guinea 0.0% compare
- 190 Eritrea 0.0% compare
- 190 Faroe Islands 0.0% compare
- 190 Singapore 0.0%
- 190 Tuvalu 0.0% compare
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 remittance inflows to gdp in Libya?
- Remittance inflows to gdp in Libya was 0.0% in 2019, according to World Development Indicators (WDI), World Bank.
- What is the highest remittance inflows to gdp recorded in Libya?
- The highest recorded value was 0.0% in 2002.
- What is the lowest remittance inflows to gdp recorded in Libya?
- The lowest recorded value was 0.0% in 2007.
- How does Libya rank for remittance inflows to gdp?
- Libya ranks 190th out of 197 countries with data for 2019.
- Where does this Libya data come from?
- The figures come from World Development Indicators (WDI), World Bank, published as part of Remittance inflows to GDP (%). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 20 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Workers' remittances and compensation of employees comprise current transfers by migrant workers and wages and salaries earned by nonresident workers. Data are the sum of three items defined in the fifth edition of the IMF's Balance of Payments Manual: workers' remittances, compensation of employees, and migrants' transfers. Remittances are classified as current private transfers from migrant workers resident in the host country for more than a year, irrespective of their immigration status, to recipients in their country of origin. Migrants' transfers are defined as the net worth of migrants who are expected to remain in the host country for more than one year that is transferred from one country to another at the time of migration. Compensation of employees is the income of migrants who have lived in the host country for less than a year.