Gross value added at basic prices (GVA) in Libya
Libya: Gross value added at basic prices (GVA) was 66.56 billion constant 2015 US$ in 2025. ▼ Falling
Gross value added at basic prices (GVA) in Libya, 2006–2025
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant 2015 US$.
Analysis
In 2025, gross value added at basic prices (gva) in Libya stood at 66.56 billion constant 2015 US$.
The figure is up 13.3% on the previous year and up 23.4% over ten years.
Over the whole period, gross value added at basic prices (gva) in Libya peaked at 89.58 billion constant 2015 US$ in 2007 and was at its lowest, 44.40 billion constant 2015 US$, in 2020.
That places Libya 75th out of 193 countries with data for 2025, putting it in the middle of the range.
The long-run direction has been consistently falling across the 20 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 86.70 billion constant 2015 US$ | 83.56 billion constant 2015 US$ | 89.58 billion constant 2015 US$ | 4 |
| 2010s | 66.15 billion constant 2015 US$ | 47.44 billion constant 2015 US$ | 88.74 billion constant 2015 US$ | 10 |
| 2020s | 56.23 billion constant 2015 US$ | 44.40 billion constant 2015 US$ | 66.56 billion constant 2015 US$ | 6 |
Countries ranked near Libya
- 72 Ghana 72.97 billion constant 2015 US$ compare
- 73 Tanzania 72.64 billion constant 2015 US$ compare
- 74 Ukraine 71.18 billion constant 2015 US$ compare
- 76 Luxembourg 63.84 billion constant 2015 US$ compare
- 77 Myanmar 61.87 billion constant 2015 US$ compare
- 78 Democratic Republic of Congo 59.73 billion constant 2015 US$ compare
More economy & growth data for Libya
- Industry (including construction), value added 73.2% (2025)
- Gross national expenditure 50.86 billion constant 2015 US$ (2025)
- Services, value added 12.94 billion current US$ (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)
- Gross fixed capital formation 8.6% (2025)
- Gross fixed capital formation 7.95 billion constant 2015 US$ (2025)
Frequently asked questions
- What is gross value added at basic prices (gva) in Libya?
- Gross value added at basic prices (gva) in Libya was 66.56 billion constant 2015 US$ in 2025, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross value added at basic prices (gva) recorded in Libya?
- The highest recorded value was 89.58 billion constant 2015 US$ in 2007.
- What is the lowest gross value added at basic prices (gva) recorded in Libya?
- The lowest recorded value was 44.40 billion constant 2015 US$ in 2020.
- How does Libya rank for gross value added at basic prices (gva)?
- Libya ranks 75th out of 193 countries with data for 2025.
- Is gross value added at basic prices (gva) rising or falling in Libya?
- Over the last ten years it is up 23.4%. The long-run trend across the full record is falling.
- Where does this Libya data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of Gross value added at basic prices (GVA) (constant 2015 US$). Statizoid updates them automatically from the source API.
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About this data
Gross value added at basic prices reflects the price of products receivable by the producer exclusive of taxes payable on products and inclusive of subsidies receivable on products, less intermediate consumption valued at purchasers' prices. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars.