Budget balance — all countries

Budget balance — Libya

Budget balance in Libya in 2031 — -20.4%. Ranked 187 in the world out of 188. Since 1990, the indicator has fallen by 23.8 pp.

2031 -20.4% +1 pp vs 2030
World rank 187of 188
Period maximum 30.4%2005
Period minimum -31.1%2025

Trend over time

1990–2031 · % of GDP

Budget balance — Libya, 1990–2031-40-20020401990199520002005201020152020202520301990: 3.4%1991: 8.4%1992: 0.1%1993: -5.8%1994: -2.7%1995: 3.8%1996: 11.3%1997: -2.1%1998: -2.4%1999: 5.7%2000: 13.6%2001: 0.1%2002: 7%2003: 6.2%2004: 11.3%2005: 30.4%2006: 29.1%2007: 28.4%2008: 27.7%2009: -5.5%2010: 11.5%2011: -11.5%2012: 24.6%2013: -16.3%2014: -30.5%2015: -28.5%2016: -29.3%2017: -11.1%2018: 9.4%2019: 11.9%2020: -22.3%2021: 14.8%2022: 23.6%2023: -7.2%2024: -25.9%2025: -31.1%2026: -20.9%2027: -23.8%2028: -23.9%2029: -22.7%2030: -21.4%2031: -20.4%
Change over the period: −23.8 pp Annual average: -0.58 pp

Comparison, 2031

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

Libya -20.4%
World computed -4.85%
Middle East & North Africa computed -1.74%
Northern Africa computed -5.05%
Budget balance — Libya, by year Libya All countries CSV XLSX
Year % Change, pp
2031 -20.4 +1 pp
2030 -21.4 +1.3 pp
2029 -22.7 +1.2 pp
2028 -23.9 −0.1 pp
2027 -23.8 −2.9 pp
2026 -20.9 +10.2 pp
2025 -31.1 −5.2 pp
2024 -25.9 −18.7 pp
2023 -7.2 −30.8 pp
2022 23.6 +8.8 pp
2021 14.8 +37.1 pp
2020 -22.3 −34.2 pp
2019 11.9 +2.5 pp
2018 9.4 +20.5 pp
2017 -11.1 +18.2 pp
2016 -29.3 −0.8 pp
2015 -28.5 +2 pp
2014 -30.5 −14.2 pp
2013 -16.3 −40.9 pp
2012 24.6 +36.1 pp
2011 -11.5 −23 pp
2010 11.5 +17 pp
2009 -5.5 −33.2 pp
2008 27.7 −0.7 pp
2007 28.4 −0.7 pp
2006 29.1 −1.3 pp
2005 30.4 +19.1 pp
2004 11.3 +5.1 pp
2003 6.2 −0.8 pp
2002 7 +6.9 pp
2001 0.1 −13.5 pp
2000 13.6 +7.9 pp
1999 5.7 +8.1 pp
1998 -2.4 −0.3 pp
1997 -2.1 −13.4 pp
1996 11.3 +7.5 pp
1995 3.8 +6.5 pp
1994 -2.7 +3.1 pp
1993 -5.8 −5.9 pp
1992 0.1 −8.3 pp
1991 8.4 +5 pp
1990 3.4

Northern Africa, 2031

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

About the indicator

Net lending or net borrowing of general government as a percent of GDP — what is commonly called the budget deficit, taken with a plus sign when there is a surplus. General government includes regions, local authorities and extrabudgetary funds, so the quantity is fuller than the balance of the central budget alone. The IMF series runs with a forecast several years ahead.

Important: Negative values are deficits. Accumulated deficits are what government debt is, so the two indicators are worth looking at together: a country can live with a deficit for years and carry a small debt all the same, if its economy grows faster.

Source: World Economic Outlook (IMF), license IMF open data.