Source: IMF, World Economic Outlook (October 2026) · updated on
Public finances and external accounts
A fiscal deficit of 30.5 % of GDP
Libya: in 2025, the general government spent 30.5 % of GDP more than it collected, public debt stood at 153.8 % of GDP, the current account showed a surplus of 1.1 % (IMF).
- Fiscal balance · 2025
- −30.5 %
- of GDP · −8.2 pt since 2020
- Public debt · 2025
- 153.8 %
- of GDP · −84.2 pt since 2020
- Current account · 2025
- +1.1 %
- of GDP · +11.3 pt since 2020
Fiscal balance, % of GDP
Negative: a deficit · dashed: estimates and projections
Chart data as a table
| Year | Libya | North Africa |
|---|---|---|
| 2015 | −28.4 % | −11.2 % |
| 2016 | −29.3 % | −11.4 % |
| 2017 | −11.1 % | −7.8 % |
| 2018 | +9.4 % | −4.9 % |
| 2019 | +11.9 % | −5.1 % |
| 2020 | −22.3 % | −9.0 % |
| 2021 | +18.4 % | −5.5 % |
| 2022 | +23.5 % | −3.7 % |
| 2023 | −6.7 % | −5.6 % |
| 2024 | −25.9 % | −9.4 % |
| 2025 · estimate | −30.5 % | −8.1 % |
| 2026 · projection | −22.5 % | −9.6 % |
| 2027 · projection | −23.6 % | −8.8 % |
| 2028 · projection | −26.9 % | −8.3 % |
| 2029 · projection | −27.1 % | −6.5 % |
| 2030 · projection | −27.2 % | −5.7 % |
- Libya
- North Africa
Source: IMF, World Economic Outlook (October 2026) · general government net lending or borrowing · group values weighted by GDP in dollars (Syli Atlas)
Current account, % of GDP
Trade, income and transfers with the rest of the world
Chart data as a table
| Year | Libya |
|---|---|
| 2015 | −18.9 % |
| 2016 | −9.4 % |
| 2017 | +6.6 % |
| 2018 | +14.7 % |
| 2019 | +6.7 % |
| 2020 | −10.2 % |
| 2021 | +11.4 % |
| 2022 | +22.2 % |
| 2023 | +4.2 % |
| 2024 | +0.4 % |
| 2025 · estimate | +1.1 % |
| 2026 · projection | +0.9 % |
| 2027 · projection | +0.4 % |
| 2028 · projection | −0.7 % |
| 2029 · projection | −1.1 % |
| 2030 · projection | −1.5 % |
Source: IMF, World Economic Outlook (October 2026)
Currency
Libyan dinar
The Libyan dinar has no fixed peg: its value against the dollar and the euro moves with the market and the central bank's policy.
- Currency
- LYD
- Libyan dinar
- Exchange regime
- —
- no fixed peg
- Inflation · 2025
- 1.8 %
- average annual change in consumer prices
Currency codes: ISO 4217 · fixed parities: central banks (BCEAO, BEAC, Central Bank of the Comoros, Bank of Cape Verde…) · inflation: IMF, World Economic Outlook (October 2026)
Debt
The debt of Libya
The World Bank publishes no external debt figures for Libya.
- Public debt · 2025
- 153.8 %
- of GDP · IMF