Current account balance (World Bank) — all countries

Current account balance (World Bank) — Libya

Current account balance (World Bank) in Libya in 2023 — 4.24%. Ranked 36 in the world out of 179. Since 1977, the indicator has fallen by 5.39 pp.

2023 4.24% −17.98 pp vs 2022
World rank 36of 179
Period maximum 41.91%2007
Period minimum -33.18%2014

Trend over time

1977–2023 · % of GDP

Current account balance (World Bank) — Libya, 1977–2023-40-20020406019771982198719921997200220072012201720221977: 9.63%1978: 3.33%1979: 12.35%1980: 20.06%1981: -10.9%1982: -4.62%1983: -4.95%1984: -4.94%1985: 6.05%1986: -0.64%1987: -3.88%1988: -7.51%1989: -4.08%1990: 7.62%1991: -0.68%1992: 4.15%1993: -4.45%1994: 0.09%1995: 6.55%1996: 4.44%1997: 5.1%1998: -0.77%1999: 5.94%2000: 16.38%2001: 9.77%2002: 3.39%2003: 12.95%2004: 13.94%2005: 31.57%2006: 36.89%2007: 41.91%2008: 41.17%2009: 15.43%2010: 22.29%2011: 6.63%2012: 25.76%2013: 0.01%2014: -33.18%2015: -19.18%2016: -9.43%2017: 6.59%2018: 14.7%2019: 6.96%2020: -10.2%2021: 16.11%2022: 22.22%2023: 4.24%
Change over the period: −5.39 pp Annual average: -0.12 pp

Comparison, 2023

How the value compares with the world and the groups this territory belongs to: Libya

Libya 4.24%
World computed 0.16%
Northern Africa computed -0.78%
Current account balance (World Bank) — Libya, by year Libya All countries CSV XLSX
Year % Change, pp
2023 4.24 −17.98 pp
2022 22.22 +6.1 pp
2021 16.11 +26.32 pp
2020 -10.2 −17.16 pp
2019 6.96 −7.75 pp
2018 14.7 +8.11 pp
2017 6.59 +16.02 pp
2016 -9.43 +9.76 pp
2015 -19.18 +13.99 pp
2014 -33.18 −33.19 pp
2013 0.01 −25.74 pp
2012 25.76 +19.13 pp
2011 6.63 −15.66 pp
2010 22.29 +6.86 pp
2009 15.43 −25.75 pp
2008 41.17 −0.73 pp
2007 41.91 +5.01 pp
2006 36.89 +5.32 pp
2005 31.57 +17.64 pp
2004 13.94 +0.98 pp
2003 12.95 +9.56 pp
2002 3.39 −6.38 pp
2001 9.77 −6.62 pp
2000 16.38 +10.45 pp
1999 5.94 +6.7 pp
1998 -0.77 −5.87 pp
1997 5.1 +0.66 pp
1996 4.44 −2.11 pp
1995 6.55 +6.45 pp
1994 0.09 +4.55 pp
1993 -4.45 −8.61 pp
1992 4.15 +4.84 pp
1991 -0.68 −8.3 pp
1990 7.62 +11.7 pp
1989 -4.08 +3.43 pp
1988 -7.51 −3.63 pp
1987 -3.88 −3.24 pp
1986 -0.64 −6.69 pp
1985 6.05 +10.99 pp
1984 -4.94 +0.01 pp
1983 -4.95 −0.33 pp
1982 -4.62 +6.28 pp
1981 -10.9 −30.95 pp
1980 20.06 +7.71 pp
1979 12.35 +9.02 pp
1978 3.33 −6.29 pp
1977 9.63

Northern Africa, 2023

The same indicator for neighboring countries — with links to their pages

About the indicator

The current account balance of the balance of payments as a percent of GDP from World Bank data. It duplicates the IMF indicator in meaning but rests on a different source and carries no forecast part — useful for cross-checking: noticeable divergences between the two series usually point to a revision of the statistics.

Source: World Development Indicators (World Bank), license CC BY 4.0.