Services balance (credit less debit), Net (credits less debits) (US) in Libya
Libya: Services balance (credit less debit), Net (credits less debits) (US) was -9.41 billion in 2023. ▼ Falling
Services balance (credit less debit), Net (credits less debits) in Libya, 2005–2023
Source: International Monetary Fund.
Analysis
The most recent figure for services balance (credit less debit), net (credits less debits) in Libya is -9.41 billion, measured in 2023. That is the lowest value across all 19 years on record.
The figure is down 15.9% on the previous year and down 13.5% over ten years.
Over the whole period, services balance (credit less debit), net (credits less debits) in Libya peaked at -1.81 billion in 2005 and was at its lowest, -9.41 billion, in 2023.
That places Libya 181st out of 197 countries with data for 2023, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 19 years of available data.
Services balance (credit less debit), Net (credits less debits) (US) in Libya, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | -1.81 billion | — |
| 2006 | -2.08 billion | +14.3% |
| 2007 | -2.52 billion | +21.2% |
| 2008 | -4.14 billion | +64.4% |
| 2009 | -4.68 billion | +13.1% |
| 2010 | -5.72 billion | +22.2% |
| 2011 | -4.35 billion | -24.0% |
| 2012 | -6.84 billion | +57.5% |
| 2013 | -8.29 billion | +21.2% |
| 2014 | -7.38 billion | -11.0% |
| 2015 | -4.18 billion | -43.4% |
| 2016 | -2.80 billion | -33.0% |
| 2017 | -4.45 billion | +59.1% |
| 2018 | -4.93 billion | +10.7% |
| 2019 | -7.37 billion | +49.6% |
| 2020 | -4.96 billion | -32.7% |
| 2021 | -8.37 billion | +68.7% |
| 2022 | -8.12 billion | -2.9% |
| 2023 | -9.41 billion | +15.9% |
Libya compared with similar countries
- Libya's -9.41 billion is below the median for upper middle income countries, which is 5.85 million. (54 countries reporting)
- Libya's -9.41 billion is below the median for Middle East, North Africa, Afghanistan & Pakistan, which is 18.90 million. (20 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -3.04 billion | -4.68 billion | -1.81 billion | 5 |
| 2010s | -5.63 billion | -8.29 billion | -2.80 billion | 10 |
| 2020s | -7.72 billion | -9.41 billion | -4.96 billion | 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 services balance (credit less debit), net (credits less debits) in Libya?
- Services balance (credit less debit), net (credits less debits) in Libya was -9.41 billion in 2023, according to International Monetary Fund.
- What is the highest services balance (credit less debit), net (credits less debits) recorded in Libya?
- The highest recorded value was -1.81 billion in 2005.
- What is the lowest services balance (credit less debit), net (credits less debits) recorded in Libya?
- The lowest recorded value was -9.41 billion in 2023.
- How does Libya rank for services balance (credit less debit), net (credits less debits)?
- Libya ranks 181st out of 197 countries with data for 2023.
- Is services balance (credit less debit), net (credits less debits) rising or falling in Libya?
- Over the last ten years it is down 13.5%. The long-run trend across the full record is falling.
- Where does this Libya data come from?
- The figures come from International Monetary Fund, published as part of Services 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.