Gross savings in Libya
Libya: Gross savings was 54.81 billion current LCU in 2023. ◆ Volatile
Gross savings in Libya, 1990–2023
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current LCU.
Analysis
The most recent figure for gross savings in Libya is 54.81 billion current LCU, measured in 2023.
Compared with earlier readings it is down 19.7% on the previous year and up 89.0% over ten years.
Over the whole period, gross savings in Libya peaked at 70.31 billion current LCU in 2008 and was at its lowest, -259.40 million current LCU, in 2020.
That places Libya 116th out of 177 countries with data for 2023, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1.90 billion current LCU | 1.07 billion current LCU | 2.80 billion current LCU | 10 |
| 2000s | 30.50 billion current LCU | 5.69 billion current LCU | 70.31 billion current LCU | 10 |
| 2010s | 22.98 billion current LCU | 1.27 billion current LCU | 53.23 billion current LCU | 10 |
| 2020s | 42.17 billion current LCU | -259.40 million current LCU | 68.29 billion current LCU | 4 |
Countries ranked near Libya
More economy & growth data for Libya
- Services, value added 12.94 billion current US$ (2025)
- Gross national expenditure 50.86 billion constant 2015 US$ (2025)
- Services, value added 68.67 billion current LCU (2025)
- Gross national expenditure 77.5% (2025)
- Exports of goods and services 34.49 billion current US$ (2025)
- Exports of goods and services 182.99 billion current LCU (2025)
- Exports of goods and services 22.63 billion constant 2015 US$ (2025)
- Exports of goods and services 19.1% (2025)
- Industry (including construction), value added 73.2% (2025)
- Gross fixed capital formation 8.6% (2025)
Frequently asked questions
- What is gross savings in Libya?
- Gross savings in Libya was 54.81 billion current LCU in 2023, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross savings recorded in Libya?
- The highest recorded value was 70.31 billion current LCU in 2008.
- What is the lowest gross savings recorded in Libya?
- The lowest recorded value was -259.40 million current LCU in 2020.
- How does Libya rank for gross savings?
- Libya ranks 116th out of 177 countries with data for 2023.
- Is gross savings rising or falling in Libya?
- Over the last ten years it is up 89.0%. The long-run trend across the full record is volatile.
- Where does this Libya data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Gross savings (current LCU). Statizoid updates them automatically from the source API.
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About this data
Savings is an amount that represents the part of disposable income (adjusted for the change in pension entitlements) that is not spent on final consumption. Gross savings are calculated as gross national income less total consumption, plus net transfers. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.