PollsAfricaWork with us
Libya · Economy

Libya economy: GDP, investment, trade and remittances

How large the Libya economy is and how fast it is growing, who invests in it, what it sells and buys, how much its citizens abroad send home, who it owes and what it holds in reserve. The latest published year is shown with each figure.

GDP
US$48.1 billion
current US$, 2025
Real GDP growth
13.4%
2025
GDP per person
US$6,449
current US$, 2025
Exports of goods
US$30.9 billion
2024, as reported by trading partners
Remittances received
not published
Foreign direct investment, net inflows
US$828 million
2025, 1.7% of GDP

Libya economy snapshot: GDP, growth and income per person

Libya's GDP was US$48.1 billion in 2025, after real growth of 13.4%.

GDP

Current US dollars.

020bn40bn60bn80bn201520172019202120232025GDP 2015: US$48.7 billionGDP 2016: US$49.9 billionGDP 2017: US$67.2 billionGDP 2018: US$76.7 billionGDP 2019: US$69.3 billionGDP 2020: US$46.9 billionGDP 2021: US$35.2 billionGDP 2022: US$43.2 billionGDP 2023: US$44.0 billionGDP 2024: US$48.5 billionGDP 2025: US$48.1 billion

Real GDP growth

Annual change, per cent. Red bars are contractions.

-40%-20%0%20%40%201520172019202120232025Real GDP growth 2015: -0.8%Real GDP growth 2016: -1.5%Real GDP growth 2017: 32.5%Real GDP growth 2018: 7.9%Real GDP growth 2019: -11.2%Real GDP growth 2020: -29.5%Real GDP growth 2021: 28.3%Real GDP growth 2022: -8.3%Real GDP growth 2023: 10.2%Real GDP growth 2024: 1.9%Real GDP growth 2025: 13.4%

GDP per person

Current US dollars.

05k10k15k201520172019202120232025GDP per person 2015: US$7,458GDP per person 2016: US$7,526GDP per person 2017: US$9,966GDP per person 2018: US$11,197GDP per person 2019: US$9,963GDP per person 2020: US$6,650GDP per person 2021: US$4,936GDP per person 2022: US$5,987GDP per person 2023: US$6,027GDP per person 2024: US$6,569GDP per person 2025: US$6,449

Source: World Bank, 2025. Method

Who invests in Libya and in what

Direct investment by investing country

Netherlands was the largest investing country in Libya, at 92% of inward direct investment positions in 2024.

Inward direct investment positions in Libya at the end of 2024: the stock of foreign direct investment, not a year's new flow. The 10 largest investing countries.

The IMF data holds no positions reported by Libya itself. The figures are derived by the IMF from what the investing countries report, so they are shown as reported by investing countries.

NetherlandsUS$7.8 billion91.9%
SpainUS$420 million5.0%
ItalyUS$350 million4.1%
South KoreaUS$308 million3.6%
FranceUS$241 million2.8%
IndiaUS$230 million2.7%
AlgeriaUS$126 million1.5%
NorwayUS$42 million0.5%
ChinaUS$35 million0.4%
Bosnia and HerzegovinaUS$15 million0.2%

Source: IMF, 2024. Method

What Libya sells and buys

Libya has not reported recent trade data to UN Comtrade. These figures are what 93 trading partners report about trade with Libya, shown as reported by trading partners. Partners' imports from Libya stand in for its exports and partners' exports to Libya for its imports. They are not Libya's own figures.

Mineral fuels and oils was 96% of exports in 2024.

Libya sold the most to Italy, 25% of exports in 2024.

Exports by product, 2024

Tile area follows value. Each tile is a customs chapter of the Harmonized System; hover for the full name.

Mineral fuels, mineral oils and products of their distillation: US$29.5 billion, 95.5%Mineral fuels and oils96%Iron and steel: US$539 million, 1.7%Organic chemicals: US$272 million, 0.9%Inorganic chemicals: US$188 million, 0.6%Copper and articles thereof: US$138 million, 0.4%Aluminium and articles thereof: US$81 million, 0.3%Lead and articles thereof: US$31 million, 0.1%Fruit and nuts, edible: US$23 million, 0.1%Salt: US$20 million, 0.1%Fish and crustaceans, molluscs and other aquatic invertebrates: US$18 million, 0.1%Pulp of wood or other fibrous cellulosic material: US$16 million, 0.1%Ores, slag and ash: US$10 million, 0.0%All other chapters: US$48 million, 0.2%

Source: UN Comtrade, 2024. Method

Top buyers, 2024

Share of Libya's exports.

ItalyUS$7.8 billion25.1%
GermanyUS$4.6 billion14.9%
United KingdomUS$2.8 billion9.0%
GreeceUS$2.6 billion8.5%
SpainUS$2.5 billion8.2%
FranceUS$2.3 billion7.4%
United StatesUS$1.5 billion4.8%
ChinaUS$1.2 billion3.8%
NetherlandsUS$980 million3.2%
AustriaUS$690 million2.2%

Top suppliers, 2025

Share of Libya's imports.

ChinaUS$4.0 billion19.1%
TurkeyUS$3.2 billion14.9%
ItalyUS$2.2 billion10.3%
CyprusUS$1.6 billion7.3%
EgyptUS$1.5 billion7.1%
GermanyUS$927 million4.4%
GreeceUS$893 million4.2%
United StatesUS$732 million3.5%
IndiaUS$673 million3.2%
NetherlandsUS$608 million2.9%

Source: UN Comtrade, 2024. Method

What Libya buys, 2025

The 8 largest product chapters in imports.

Mineral fuels and oilsUS$3.6 billion17.1%
Machinery and mechanical appliancesUS$2.3 billion10.6%
VehiclesUS$1.8 billion8.6%
Electrical machinery and equipmentUS$1.4 billion6.5%
PlasticsUS$779 million3.7%
Iron or steel articlesUS$583 million2.8%
Pharmaceutical productsUS$499 million2.4%
SugarsUS$473 million2.2%

Source: UN Comtrade, 2025. Method

Trade balance of goods

Exports minus imports. Red bars are years when imports were larger. A year is left out when either side is not published.

-10bn010bn20bn30bn20152017201920212023Trade balance 2015: -US$1.2 billion (exports US$11.7 billion, imports US$12.9 billion)Trade balance 2016: -US$282 million (exports US$9.8 billion, imports US$10.1 billion)Trade balance 2017: US$10.2 billion (exports US$19.5 billion, imports US$9.3 billion)Trade balance 2018: US$17.6 billion (exports US$31.0 billion, imports US$13.5 billion)Trade balance 2019: US$13.7 billion (exports US$29.2 billion, imports US$15.6 billion)Trade balance 2020: -US$3.1 billion (exports US$9.4 billion, imports US$12.4 billion)Trade balance 2021: US$15.4 billion (exports US$32.9 billion, imports US$17.5 billion)Trade balance 2022: US$20.2 billion (exports US$40.0 billion, imports US$19.9 billion)Trade balance 2023: US$12.6 billion (exports US$35.8 billion, imports US$23.2 billion)Trade balance 2024: US$9.4 billion (exports US$30.9 billion, imports US$21.5 billion)

Source: UN Comtrade, 2024. Method

Remittances against foreign direct investment in Libya

Remittances receivedForeign direct investment, net inflows
0250m500m750m1.0bn20212022202320242025Foreign direct investment 2021: US$603 millionForeign direct investment 2022: US$702 millionForeign direct investment 2023: US$795 millionForeign direct investment 2024: US$697 millionForeign direct investment 2025: US$828 million

No remittances figures for Libya are not published by the World Bank, so none are shown.

Source: World Bank, 2026. Method

Remittances and investment as a share of GDP

The same two flows measured against the size of the economy.

Remittances, share of GDPForeign direct investment, share of GDP
0%1%1%2%2%20212022202320242025Foreign direct investment 2021: 1.7%Foreign direct investment 2022: 1.6%Foreign direct investment 2023: 1.8%Foreign direct investment 2024: 1.4%Foreign direct investment 2025: 1.7%

Source: World Bank, 2026. Method

Who Libya owes

External debt stock by type of creditor. Creditor types cover public and publicly guaranteed debt; the grey part is the rest of the total external debt stock. A creditor type with no published figure is not shown.

No external debt by creditor figures for Libya are not published by the World Bank, so none are shown.

Source: World Bank, 2026. Method

Reserves and months of import cover

Total reserves including gold, and how many months of imports they cover.

Reserves, US$Months of imports
050bn100bn150bn020406080201520172019202120232025Reserves 2015: US$77.6 billionReserves 2016: US$70.2 billionReserves 2017: US$79.4 billionReserves 2018: US$85.3 billionReserves 2019: US$84.7 billionReserves 2020: US$79.7 billionReserves 2021: US$82.3 billionReserves 2022: US$86.7 billionReserves 2023: US$92.4 billionReserves 2024: US$92.9 billionReserves 2025: US$104.7 billionMonths of imports 2015: 43.2 monthsMonths of imports 2016: 70.0 monthsMonths of imports 2017: 58.6 monthsMonths of imports 2018: 50.6 monthsMonths of imports 2019: 38.1 monthsMonths of imports 2020: 65.2 monthsMonths of imports 2021: 36.8 monthsMonths of imports 2022: 35.1 monthsMonths of imports 2023: 31.6 months

Source: World Bank, 2026. Method

Aid received by Libya

Net official development assistance and official aid received.

0200m400m600m20152017201920212023Aid received 2015: US$157 millionAid received 2016: US$179 millionAid received 2017: US$432 millionAid received 2018: US$303 millionAid received 2019: US$295 millionAid received 2020: US$297 millionAid received 2021: US$345 millionAid received 2022: US$265 millionAid received 2023: US$360 million

Source: World Bank, 2026. Method