Libya 2016
Detailed economic analysis and indicators for 2016
Key Economic Indicators (2016)
GDP (Current USD)
$49.91 billion
↑ 2.45% vs 2015GDP per Capita
$7,525.80
↑ 0.90% vs 2015GDP Growth (Annual %)
-1.49%
↓ 0.65pp vs 2015Inflation Rate (CPI %)
25.85%
↑ 15.45pp vs 2015Year-over-Year Comparison
| Indicator | 2015 | 2016 | Change |
|---|---|---|---|
| GDP (Current USD) | $48.72 billion | $49.91 billion | +2.45% |
| GDP per Capita | $7,458.49 | $7,525.80 | +0.90% |
| GDP Growth (Annual %) | -0.84% | -1.49% | -0.65pp |
| Inflation (CPI %) | 10.40% | 25.85% | +15.45pp |
| Unemployment Rate (%) | 19.68% | 19.52% | -0.15pp |
All Economic Indicators (2016)
National Accounts
- GDP (Current USD)
- $49.91 billion
- GDP per Capita
- $7,525.80
- GDP Growth (Annual %)
- -1.49%
- Gross National Income
- $50.66 billion
Prices & Employment
- Inflation (CPI %)
- 25.85%
- Inflation (GDP Deflator %)
- 4.69%
- Unemployment Rate (%)
- 19.52%
- Interest Rate (Real %)
- N/A
Trade & Investment
- Exports (Goods & Services)
- N/A
- Imports (Goods & Services)
- N/A
- FDI Inflow
- N/A
- FDI Outflow
- N/A
Balance & Debt
- Current Account Balance (% GDP)
- -9.43%
- Government Debt (% GDP)
- N/A
- Data Last Updated
- 2025-10-23
Frequently Asked Questions
As of 2016, Libya's Gross Domestic Product (GDP) is $49.91 billion. This represents the total value of goods and services produced in the country.
The GDP per capita in Libya for 2016 is $7,525.80. GDP per capita is calculated by dividing the country's GDP by its population.
The Consumer Price Index (CPI) inflation rate in Libya for 2016 is 25.85%. This measures the annual percentage change in the cost of consumer goods and services.
Libya's annual GDP growth rate for 2016 is -1.49%. This indicates the rate at which the country's economy is expanding or contracting.
The unemployment rate in Libya for 2016 is 19.52%. This represents the percentage of the labor force that is unemployed and actively seeking employment.