Libya - External balance on goods and services (% of GDP)

External balance on goods and services (% of GDP) in Libya was -34.85 as of 2020. Its highest value over the past 30 years was 45.26 in 2006, while its lowest value was -44.87 in 2014.

Definition: External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously nonfactor services).

Source: World Bank national accounts data, and OECD National Accounts data files.

See also:

Year Value
1990 8.55
1991 3.07
1992 5.12
1993 -3.30
1994 0.92
1995 6.76
1996 4.76
1997 4.94
1998 -1.51
1999 5.64
2000 17.83
2001 9.91
2002 10.68
2003 24.02
2004 31.38
2005 36.57
2006 45.26
2007 43.17
2008 43.53
2009 16.41
2010 23.51
2011 10.04
2012 34.88
2013 5.61
2014 -44.87
2015 -34.31
2016 -17.94
2017 10.15
2018 21.13
2019 6.48
2020 -34.85

Aggregation method: Weighted average

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts