Editing Economy of Libya (section)

==Macroeconomic trends==
Libyan GDP per capita was about $40 in the early 1920s and it rose to $1,018 by 1967. In 1947 alone, per capita GDP rose by 42 percent.

The following table shows the main economic indicators in 1980–2021 (with IMF staff estimates in 2022–2027). Inflation below 5% is in green.<ref>{{cite web | url=https://www.imf.org/en/Publications/WEO/weo-database/2022/October/weo-report?c=672,&s=NGDP_RPCH,NGDPD,PPPGDP,NGDPDPC,PPPPC,PCPIPCH,GGXONLB_NGDP,&sy=1980&ey=2027&ssm=0&scsm=1&scc=0&ssd=1&ssc=0&sic=0&sort=country&ds=.&br=1 | title=Report for Selected Countries and Subjects | access-date=22 October 2022 | archive-date=22 October 2022 | archive-url=https://web.archive.org/web/20221022051408/https://www.imf.org/en/Publications/WEO/weo-database/2022/October/weo-report?c=672,&s=NGDP_RPCH,NGDPD,PPPGDP,NGDPDPC,PPPPC,PCPIPCH,GGXONLB_NGDP,&sy=1980&ey=2027&ssm=0&scsm=1&scc=0&ssd=1&ssc=0&sic=0&sort=country&ds=.&br=1 | url-status=live }}</ref> The annual unemployment rate is extracted from the [[World Bank]], although the [[International Monetary Fund]] find them unreliable.
{| class="wikitable" style="text-align:center;"
!Year
!GDP
<small>(in Bil. US$PPP)</small>
!GDP per capita
<small>(in US$ PPP)</small>
!GDP
<small>(in Bil. US$nominal)</small>
!GDP per capita
<small>(in US$ nominal)</small>
!GDP growth
<small>(real)</small>
!Inflation rate
<small>(in Percent)</small>
!Unemployment
<small>(in Percent)</small>
!Government debt
<small>(in % of GDP)</small>
|-
|1980
|97.8
|32,745.5
|40.2
|13,449.6
|{{Increase}}0.6%
|{{IncreaseNegative}}14.3%
|n/a
|n/a
|-
|1981
|{{Decrease}}85.6
|{{Decrease}}27,398.5
|{{Decrease}}34.7
|{{Decrease}}11,107.6
|{{Decrease}}-20.0%
|{{IncreaseNegative}}13.2%
|n/a
|n/a
|-
|1982
|{{Increase}}92.3
|{{Increase}}28,202.7
|{{Decrease}}34.6
|{{Decrease}}10,575.6
|{{Increase}}1.5%
|{{IncreaseNegative}}13.8%
|n/a
|n/a
|-
|1983
|{{Decrease}}91.4
|{{Decrease}}26,800.2
|{{Decrease}}33.0
|{{Decrease}}9,671.5
|{{Decrease}}-4.7%
|{{IncreaseNegative}}10.5%
|n/a
|n/a
|-
|1984
|{{Decrease}}86.8
|{{Decrease}}24,406.1
|{{Decrease}}30.9
|{{Decrease}}8,681.2
|{{Decrease}}-8.3%
|{{IncreaseNegative}}12.4%
|n/a
|n/a
|-
|1985
|{{Increase}}90.1
|{{Increase}}25,471.4
|{{Decrease}}30.4
|{{Decrease}}8,586.4
|{{Increase}}0.6%
|{{IncreaseNegative}}9.1%
|n/a
|n/a
|-
|1986
|{{Decrease}}81.5
|{{Decrease}}22,172.1
|{{Decrease}}24.8
|{{Decrease}}6,734.0
|{{Decrease}}-11.4%
|{{Increase}}3.4%
|n/a
|n/a
|-
|1987
|{{Decrease}}71.2
|{{Decrease}}18,585.1
|{{Decrease}}23.0
|{{Decrease}}6,002.1
|{{Decrease}}-14.7%
|{{Increase}}4.4%
|n/a
|n/a
|-
|1988
|{{Increase}}79.3
|{{Decrease}}18,346.5
|{{Increase}}25.9
|{{Decrease}}5,981.6
|{{Increase}}7.6%
|{{Increase}}3.1%
|n/a
|n/a
|-
|1989
|{{Increase}}88.4
|{{Increase}}19,550.0
|{{Increase}}27.4
|{{Increase}}6,070.1
|{{Increase}}7.2%
|{{Increase}}4.5%
|n/a
|n/a
|-
|1990
|{{Increase}}95.1
|{{Increase}}22,327.7
|{{Increase}}31.6
|{{Increase}}7,424.2
|{{Increase}}3.7%
|{{Increase}}0.7%
|n/a
|4.7%
|-
|1991
|{{Increase}}116.3
|{{Increase}}26,685.3
|{{Increase}}35.0
|{{Increase}}8,026.3
|{{Increase}}18.3%
|{{IncreaseNegative}}11.7%
|19.8%
|{{IncreaseNegative}}9.6%
|-
|1992
|{{Decrease}}113.6
|{{Decrease}}25,468.7
|{{Increase}}35.5
|{{Decrease}}7,950.5
|{{Decrease}}-4.5%
|{{IncreaseNegative}}9.5%
|{{IncreaseNegative}}20.0%
|{{DecreasePositive}}1.2%
|-
|1993
|{{Decrease}}109.9
|{{Decrease}}24,106.1
|{{Decrease}}31.9
|{{Decrease}}6,998.3
|{{Decrease}}-5.5%
|{{IncreaseNegative}}7.5%
|{{Steady}}20.0%
|{{DecreasePositive}}-4.6%
|-
|1994
|{{Increase}}115.9
|{{Increase}}24,921.7
|{{Decrease}}29.7
|{{Decrease}}6,391.1
|{{Increase}}3.2%
|{{IncreaseNegative}}10.7%
|{{DecreasePositive}}19.9%
|{{IncreaseNegative}}-1.6%
|-
|1995
|{{Decrease}}100.1
|{{Decrease}}21,064.9
|{{Increase}}33.7
|{{Increase}}7,102.9
|{{Decrease}}-15.4%
|{{IncreaseNegative}}8.3%
|{{IncreaseNegative}}20.0%
|{{IncreaseNegative}}4.8%
|-
|1996
|{{Increase}}103.7
|{{Increase}}21,422.2
|{{Increase}}36.8
|{{Increase}}7,608.8
|{{Increase}}1.8%
|{{Increase}}4.0%
|{{DecreasePositive}}19.8%
|{{IncreaseNegative}}12.2%
|-
|1997
|{{Decrease}}102.7
|{{Decrease}}20,872.4
|{{Increase}}37.7
|{{Increase}}7,663.0
|{{Decrease}}-2.6%
|{{Increase}}3.6%
|{{Steady}}19.8%
|{{DecreasePositive}}-1.3%
|-
|1998
|{{Increase}}103.1
|{{Decrease}}20,587.9
|{{Decrease}}30.9
|{{Decrease}}6,171.8
|{{Decrease}}-0.7%
|{{Increase}}3.7%
|{{Steady}}19.8%
|{{DecreasePositive}}-1.5%
|-
|1999
|{{Increase}}104.4
|{{Decrease}}20,511.0
|{{Increase}}37.1
|{{Increase}}7,294.5
|{{Decrease}}-0.2%
|{{Increase}}2.6%
|{{DecreasePositive}}19.7%
|{{IncreaseNegative}}6.4%
|-
|2000
|{{Increase}}111.1
|{{Increase}}21,444.4
|{{Increase}}39.5
|{{Increase}}7,625.0
|{{Increase}}4.0%
|{{Increase}}-2.9%
|{{Steady}}19.7%
|{{IncreaseNegative}}13.6%
|-
|2001
|{{Increase}}116.6
|{{Increase}}22,161.2
|{{Decrease}}35.2
|{{Decrease}}6,693.1
|{{Increase}}2.6%
|{{Increase}}-8.8%
|{{Steady}}19.7%
|{{DecreasePositive}}0.4%
|-
|2002
|{{Decrease}}114.0
|{{Decrease}}21,343.2
|{{Decrease}}21.1
|{{Decrease}}3,956.5
|{{Decrease}}-3.7%
|{{Increase}}-9.9%
|{{DecreasePositive}}19.6%
|{{IncreaseNegative}}7.0%
|-
|2003
|{{Increase}}135.0
|{{Increase}}24,905.2
|{{Increase}}27.0
|{{Increase}}4,986.3
|{{Increase}}16.1%
|{{Increase}}-2.1%
|{{DecreasePositive}}19.5%
|{{DecreasePositive}}6.2%
|-
|2004
|{{Increase}}146.7
|{{Increase}}26,626.3
|{{Increase}}34.1
|{{Increase}}6,180.4
|{{Increase}}5.8%
|{{Increase}}1.3%
|{{Steady}}19.5%
|{{IncreaseNegative}}11.3%
|-
|2005
|{{Increase}}167.4
|{{Increase}}29,942.7
|{{Increase}}48.9
|{{Increase}}8,739.2
|{{Increase}}10.6%
|{{Increase}}2.7%
|{{DecreasePositive}}19.4%
|{{IncreaseNegative}}30.4%
|-
|2006
|{{Increase}}173.0
|{{Increase}}30,408.6
|{{Increase}}60.1
|{{Increase}}10,561.4
|{{Increase}}0.3%
|{{Increase}}1.5%
|{{Steady}}19.4%
|{{DecreasePositive}}29.1%
|-
|2007
|{{Increase}}188.8
|{{Increase}}32,659.5
|{{Increase}}68.2
|{{Increase}}11,801.3
|{{Increase}}6.2%
|{{IncreaseNegative}}6.2%
|{{Steady}}19.4%
|{{DecreasePositive}}28.4%
|-
|2008
|{{Increase}}192.1
|{{Increase}}32,666.6
|{{Increase}}86.8
|{{Increase}}14,762.6
|{{Decrease}}-0.2%
|{{IncreaseNegative}}10.4%
|{{Steady}}19.4%
|{{DecreasePositive}}27.7%
|-
|2009
|{{Decrease}}184.8
|{{Decrease}}31,007.5
|{{Decrease}}60.8
|{{Decrease}}10,202.8
|{{Decrease}}-4.4%
|{{Increase}}2.4%
|{{Steady}}19.4%
|{{DecreasePositive}}-5.5%
|-
|2010
|{{Increase}}196.4
|{{Increase}}32,515.4
|{{Increase}}75.4
|{{Increase}}12,478.0
|{{Increase}}5.0%
|{{Increase}}2.5%
|{{DecreasePositive}}19.3%
|{{IncreaseNegative}}11.5%
|-
|2011
|{{Decrease}}99.6
|{{Decrease}}16,810.9
|{{Decrease}}48.2
|{{Decrease}}8,132.3
|{{Decrease}}-50.3%
|{{IncreaseNegative}}15.9%
|{{IncreaseNegative}}19.4%
|{{DecreasePositive}}-11.5%
|-
|2012
|{{Increase}}172.5
|{{Increase}}27,458.8
|{{Increase}}92.5
|{{Increase}}14,728.1
|{{Increase}}86.8%
|{{IncreaseNegative}}6.1%
|{{DecreasePositive}}19.0%
|{{IncreaseNegative}}24.6%
|-
|2013
|{{Decrease}}144.5
|{{Decrease}}23,054.5
|{{Decrease}}75.4
|{{Decrease}}12,025.6
|{{Decrease}}-18.0%
|{{Increase}}2.6%
|{{IncreaseNegative}}19.5%
|{{DecreasePositive}}-16.3%
|-
|2014
|{{Decrease}}126.9
|{{Decrease}}20,273.6
|{{Decrease}}57.4
|{{Decrease}}9,166.6
|{{Decrease}}-23.0%
|{{Increase}}2.4%
|{{Steady}}19.5%
|{{DecreasePositive}}-30.5%
|-
|2015
|{{Increase}}137.2
|{{Increase}}21,709.9
|{{Decrease}}48.7
|{{Decrease}}7,706.7
|{{Decrease}}-0.8%
|{{IncreaseNegative}}10.0%
|{{Steady}}19.5%
|{{IncreaseNegative}}-28.5%
|-
|2016
|{{Increase}}137.4
|{{Decrease}}21,520.7
|{{Increase}}49.9
|{{Increase}}7,817.6
|{{Decrease}}-1.5%
|{{IncreaseNegative}}25.9%
|{{Steady}}19.5%
|{{DecreasePositive}}-29.3%
|-
|2017
|{{Increase}}154.4
|{{Increase}}23,949.3
|{{Increase}}67.2
|{{Increase}}10,414.1
|{{Increase}}32.5%
|{{IncreaseNegative}}25.9%
|{{DecreasePositive}}19.4%
|{{IncreaseNegative}}-11.1%
|-
|2018
|{{Increase}}170.7
|{{Increase}}26,207.0
|{{Increase}}76.7
|{{Increase}}11,773.8
|{{Increase}}7.9%
|{{IncreaseNegative}}14.0%
|{{IncreaseNegative}}19.5%
|{{IncreaseNegative}}9.4%
|-
|2019
|{{Decrease}}154.3
|{{Decrease}}23,454.9
|{{Decrease}}69.2
|{{Decrease}}10,526.3
|{{Decrease}}-11.2%
|{{Increase}}-2.9%
|{{IncreaseNegative}}19.7%
|{{IncreaseNegative}}11.9%
|-
|2020
|{{Decrease}}110.1
|{{Decrease}}16,575.1
|{{Decrease}}46.9
|{{Decrease}}7,056.7
|{{Decrease}}-29.5%
|{{Increase}}1.5%
|{{IncreaseNegative}}20.1%
|{{DecreasePositive}}-22.3%
|-
|2021
|{{Increase}}147.1
|{{Increase}}21,929.0
|{{Decrease}}39.0
|{{Decrease}}5,813.3
|{{Increase}}28.3%
|{{Increase}}2.8%
|{{DecreasePositive}}19.6%
|{{IncreaseNegative}}11.3%
|-
|2022
|{{Decrease}}128.4
|{{Decrease}}18,944.7
|{{Increase}}40.8
|{{Increase}}6,025.7
|{{Decrease}}-18.5%
|{{IncreaseNegative}}5.5%
|n/a
|{{IncreaseNegative}}15.8%
|-
|2023
|{{Increase}}156.7
|{{Increase}}22,899.5
|{{Increase}}43.8
|{{Increase}}6,391.8
|{{Increase}}17.9%
|{{Increase}}4.0%
|n/a
|{{IncreaseNegative}}22.1%
|-
|2024
|{{Increase}}172.8
|{{Increase}}24,997.2
|{{Increase}}45.6
|{{Increase}}6,599.0
|{{Increase}}8.0%
|{{Increase}}3.0%
|n/a
|{{DecreasePositive}}18.8%
|-
|2025
|{{Increase}}188.8
|{{Increase}}27,034.7
|{{Increase}}47.7
|{{Increase}}6,836.3
|{{Increase}}7.2%
|{{Increase}}3.0%
|n/a
|{{DecreasePositive}}16.5%
|-
|2026
|{{Increase}}200.5
|{{Increase}}28,434.6
|{{Increase}}49.1
|{{Increase}}6,964.6
|{{Increase}}4.2%
|{{Increase}}3.0%
|n/a
|{{DecreasePositive}}13.5%
|-
|2027
|{{Increase}}212.8
|{{Increase}}29,874.1
|{{Increase}}50.5
|{{Increase}}7,096.0
|{{Increase}}4.1%
|{{Increase}}3.1%
|n/a
|{{DecreasePositive}}9.7%
|}
<small>Notes:<br>
1. For purchasing power parity comparisons, the US Dollar is exchanged at 0.77 Libyan Dinars only.</small>

Mean wages were $9.51 per [[man-hour]] in 2009 (amounts to a compensation of $1598 for 21 working days of 8 hours).