Secondary income balance (credit less debit), Net (credits less) in Libya
Libya: Secondary income balance (credit less debit), Net (credits less) was -4.79 billion in 2023. ◆ Volatile
Secondary income balance (credit less debit), Net (credits less) in Libya, 2005–2023
Source: International Monetary Fund.
Analysis
Libya recorded -4.79 billion for secondary income balance (credit less debit), net (credits less) in 2023. That is the lowest value across all 19 years on record.
That represents a change of down 93.4% on the previous year and down 47.3% over ten years.
Over the whole period, secondary income balance (credit less debit), net (credits less) in Libya peaked at 586.00 million in 2006 and was at its lowest, -4.79 billion, in 2023.
Libya ranks 178th of 197 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Secondary income balance (credit less debit), Net (credits less) in Libya, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | -634.00 million | — |
| 2006 | 586.00 million | -192.4% |
| 2007 | -218.70 million | -137.3% |
| 2008 | -1.04 billion | +375.5% |
| 2009 | -1.57 billion | +51.2% |
| 2010 | -1.83 billion | +16.3% |
| 2011 | -377.00 million | -79.4% |
| 2012 | -2.82 billion | +649.1% |
| 2013 | -3.25 billion | +15.2% |
| 2014 | -1.12 billion | -65.5% |
| 2015 | -839.80 million | -25.1% |
| 2016 | -755.80 million | -10.0% |
| 2017 | -716.20 million | -5.2% |
| 2018 | -752.60 million | +5.1% |
| 2019 | -970.40 million | +28.9% |
| 2020 | -820.50 million | -15.4% |
| 2021 | -761.30 million | -7.2% |
| 2022 | -2.48 billion | +225.4% |
| 2023 | -4.79 billion | +93.4% |
Libya compared with similar countries
- Libya's -4.79 billion is below the median for upper middle income countries, which is 975.41 million. (54 countries reporting)
- Libya's -4.79 billion is below the median for Middle East, North Africa, Afghanistan & Pakistan, which is 1.34 billion. (20 countries reporting)
Biggest year-on-year movements
Years where Secondary income balance (credit less debit), Net (credits less) in Libya changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2012 | -649.1% | -377.00 million | -2.82 billion |
| 2008 | -375.5% | -218.70 million | -1.04 billion |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -575.74 million | -1.57 billion | 586.00 million | 5 |
| 2010s | -1.34 billion | -3.25 billion | -377.00 million | 10 |
| 2020s | -2.21 billion | -4.79 billion | -761.30 million | 4 |
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 secondary income balance (credit less debit), net (credits less) in Libya?
- Secondary income balance (credit less debit), net (credits less) in Libya was -4.79 billion in 2023, according to International Monetary Fund.
- What is the highest secondary income balance (credit less debit), net (credits less) recorded in Libya?
- The highest recorded value was 586.00 million in 2006.
- What is the lowest secondary income balance (credit less debit), net (credits less) recorded in Libya?
- The lowest recorded value was -4.79 billion in 2023.
- How does Libya rank for secondary income balance (credit less debit), net (credits less)?
- Libya ranks 178th out of 197 countries with data for 2023.
- Is secondary income balance (credit less debit), net (credits less) rising or falling in Libya?
- Over the last ten years it is down 47.3%. The long-run trend across the full record is volatile.
- Where does this Libya data come from?
- The figures come from International Monetary Fund, published as part of Secondary income balance (credit less debit), Net (credits less debits) (US dollar). Statizoid updates them automatically from the source API.
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About this data
The World and Country Group Aggregates (historically called BOPSY) is an annual publication, released each November, of major balance of payments and international investment position components for countries, country groups, and the world.