Libya recorded a Current Account surplus of 18.50 percent of the country's Gross Domestic Product in 2023. Current Account to GDP in Libya averaged 8.38 percent of GDP from 1990 until 2023, reaching an all time high of 45.90 percent of GDP in 2006 and a record low of -56.30 percent of GDP in 2014. source: Central Bank of Lybia
Current Account to GDP in Libya is expected to reach 27.00 percent of GDP by the end of 2025, according to Trading Economics global macro models and analysts expectations. In the long-term, the Libya Current Account to GDP is projected to trend around 23.00 percent of GDP in 2026, according to our econometric models.


Related Last Previous Unit Reference
Balance of Trade 66628.30 96390.70 LYD Million Dec 2023
Current Account 62029.30 44100.50 LYD Million Dec 2023
Current Account to GDP 18.50 23.30 percent of GDP Dec 2023
Exports 178129.90 190785.10 LYD Million Dec 2023
Foreign Direct Investment 3814.60 3078.20 LYD Million Dec 2023
Imports 111501.60 94394.40 LYD Million Dec 2023



Libya Current Account to GDP
The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.
Actual Previous Highest Lowest Dates Unit Frequency
18.50 23.30 45.90 -56.30 1990 - 2023 percent of GDP Yearly