Libya - Budget Deficit 2017
-11.06%
+18.23% from 2016
Libya's budget deficit was -11.06% in 2017, increased +18.23% from -29.29% in 2016. This was the 3rd highest globally.
Global Ranking - 2017▾
| Rank | Country | Value | YoY |
|---|---|---|---|
| 1st | Timor-Leste | -33.78% | 39.4% |
| 2nd | Bahrain | -13.38% | 19.3% |
| 3rd | Libya | -11.06% | 62.2% |
| 4th | Oman | -10.46% | 46.7% |
| 5th | Trinidad and Tobago | -10.45% | -6.2% |
| 6th | Brunei Darussalam | -10.40% | 52.0% |
| 7th | Egypt, Arab Republic of | -9.90% | 16.1% |
| 8th | Lebanon | -8.65% | 2.6% |
| 9th | Suriname | -8.62% | 15.4% |
| 10th | Saudi Arabia | -8.57% | 35.0% |
| 11th | Brazil | -7.97% | 0.3% |
| 12th | Bolivia, Plurinational State of | -7.86% | -8.4% |
| 13th | Algeria | -7.55% | 36.3% |
| 14th | Zambia | -7.50% | -31.8% |
| 15th | Kenya | -7.40% | 1.0% |
| 16th | Zimbabwe | -7.37% | -59.3% |
| 17th | Liberia | -7.14% | -86.4% |
| 18th | Burkina Faso | -6.92% | -124.5% |
| 19th | Montenegro | -6.89% | -11.0% |
| 20th | Qatar | -6.82% | 25.9% |
| 21st | Argentina | -6.69% | -0.6% |
| 22nd | India | -6.23% | 12.5% |
| 23rd | Sudan | -6.07% | -54.9% |
| 24th | Bahamas, The | -6.05% | -131.8% |
| 25th | Costa Rica | -5.88% | -15.4% |
| 26th | Ecuador | -5.77% | 43.9% |
| 27th | Angola | -5.75% | -44.3% |
| 28th | Eritrea | -5.74% | -299.7% |
| 29th | Tajikistan | -5.65% | -94.0% |
| 30th | Eswatini | -5.64% | 32.6% |
| 31st | Sierra Leone | -5.61% | -3.6% |
| 32nd | Tunisia | -5.61% | 4.5% |
| 33rd | Congo, Republic of | -5.57% | 61.7% |
| 34th | Lao PDR | -5.51% | -8.9% |
| 35th | Pakistan | -5.17% | -31.8% |
| 36th | Malawi | -5.15% | -5.1% |
| 37th | Sri Lanka | -5.10% | -2.0% |
| 38th | Burundi | -5.01% | 29.6% |
| 39th | Namibia | -4.99% | 46.3% |
| 40th | Yemen, Republic of | -4.91% | 42.3% |
| 41st | United States | -4.79% | -10.1% |
| 42nd | Armenia | -4.79% | 15.0% |
| 43rd | Cameroon | -4.73% | 19.7% |
| 44th | Bhutan | -4.49% | -94.5% |
| 45th | Gambia, The | -4.35% | 30.1% |
| 46th | Kazakhstan | -4.27% | 5.3% |
| 47th | Benin | -4.18% | 2.5% |
| 48th | Bangladesh | -4.17% | -31.7% |
| 49th | Niger | -4.12% | 7.8% |
| 50th | South Africa | -4.02% | -7.8% |
| 51st | Ghana | -3.97% | 41.2% |
| 52nd | Barbados | -3.87% | 20.1% |
| 53rd | Nigeria | -3.85% | -16.6% |
| 54th | Uganda | -3.83% | -44.9% |
| 55th | Kyrgyz Republic | -3.73% | 35.5% |
| 56th | Mongolia | -3.72% | 75.7% |
| 57th | Jordan | -3.61% | 2.5% |
| 58th | San Marino | -3.49% | -1,784.3% |
| 59th | Belize | -3.48% | 22.2% |
| 60th | Myanmar | -3.42% | -35.6% |
| 61st | France | -3.37% | 10.6% |
| 62nd | China | -3.34% | -0.4% |
| 63rd | Morocco | -3.30% | 26.4% |
| 64th | Côte d'Ivoire | -3.27% | -9.9% |
| 65th | Dominica | -3.27% | -128.2% |
| 66th | Guyana | -3.14% | 2.4% |
| 67th | Dominican Republic | -3.12% | -0.5% |
| 68th | São Tomé and Principe | -3.11% | 37.9% |
| 69th | Japan | -3.10% | 13.9% |
| 70th | Spain | -3.10% | 27.4% |
| 71st | Maldives | -3.02% | 69.6% |
| 72nd | Portugal | -3.00% | -54.4% |
| 73rd | Senegal | -2.97% | 9.3% |
| 74th | Mozambique | -2.90% | 46.5% |
| 75th | Mali | -2.86% | 27.5% |
| 76th | Romania | -2.86% | -14.4% |
| 77th | Turkmenistan | -2.84% | -19.2% |
| 78th | Peru | -2.79% | -31.7% |
| 79th | West Bank and Gaza | -2.78% | -33.8% |
| 80th | North Macedonia | -2.73% | -1.2% |
| 81st | Antigua and Barbuda | -2.72% | -1,840.7% |
| 82nd | Nepal | -2.69% | -324.5% |
| 83rd | Cabo Verde | -2.64% | 3.4% |
| 84th | Chile | -2.63% | 1.2% |
| 85th | Equatorial Guinea | -2.59% | 76.3% |
| 86th | Aruba | -2.59% | -77.8% |
| 87th | El Salvador | -2.53% | 18.6% |
| 88th | Rwanda | -2.52% | -10.9% |
| 89th | Uruguay | -2.51% | 6.4% |
| 90th | Italy | -2.51% | -4.3% |
| 91st | Colombia | -2.50% | -9.8% |
| 92nd | United Kingdom | -2.49% | 24.8% |
| 93rd | Papua New Guinea | -2.48% | 47.9% |
| 94th | Hungary | -2.46% | -37.0% |
| 95th | Malaysia | -2.41% | 7.3% |
| 96th | Ukraine | -2.36% | 4.2% |
| 97th | Fiji | -2.29% | 59.9% |
| 98th | Solomon Islands | -2.27% | 36.2% |
| 99th | Indonesia | -2.26% | 11.6% |
| 100th | Madagascar | -2.10% | -90.0% |
| 101st | Lesotho | -2.02% | 78.6% |
| 102nd | Guinea | -1.99% | -2,263.1% |
| 103rd | Samoa | -1.98% | -471.4% |
| 104th | Viet Nam | -1.96% | 37.9% |
| 105th | Panama | -1.92% | -1.9% |
| 106th | Türkiye | -1.87% | -11.3% |
| 107th | Nicaragua | -1.76% | 8.8% |
| 108th | Australia | -1.72% | 29.1% |
| 109th | Gabon | -1.70% | 63.9% |
| 110th | Seychelles | -1.67% | -9,383.3% |
| 111th | Mauritius | -1.62% | 41.0% |
| 112th | St. Vincent and the Grenadines | -1.56% | -4,005.0% |
| 113th | Iran, Islamic Republic of | -1.55% | 9.1% |
| 114th | Iraq | -1.52% | 89.5% |
| 115th | Poland | -1.49% | 37.6% |
| 116th | Russian Federation | -1.47% | 60.0% |
| 117th | Albania | -1.41% | 6.1% |
| 118th | Guatemala | -1.38% | -24.7% |
| 119th | Azerbaijan | -1.34% | -14.7% |
| 120th | Guinea-Bissau | -1.32% | 75.3% |
| 121st | Vanuatu | -1.20% | -66.7% |
| 122nd | Botswana | -1.14% | -260.1% |
| 123rd | Tanzania | -1.14% | 45.2% |
| 124th | Israel | -1.13% | 36.7% |
| 125th | St. Lucia | -1.13% | -45.4% |
| 126th | Puerto Rico (US) | -1.11% | 39.8% |
| 127th | Estonia | -1.07% | -72.5% |
| 128th | Mexico | -1.03% | 61.4% |
| 129th | Central African Republic | -1.00% | -185.2% |
| 130th | Slovak Republic | -0.99% | 62.0% |
| 131st | Latvia | -0.85% | -108.6% |
| 132nd | Austria | -0.78% | 46.5% |
| 133rd | Belgium | -0.76% | 68.6% |
| 134th | Cambodia | -0.76% | -161.3% |
| 135th | Philippines | -0.75% | -0.9% |
| 136th | Afghanistan | -0.67% | -629.9% |
| 137th | Moldova | -0.65% | 58.4% |
| 138th | Finland | -0.63% | 63.0% |
| 139th | Georgia | -0.45% | 69.7% |
| 140th | Paraguay | -0.44% | -17.4% |
| 141st | Thailand | -0.42% | -201.0% |
| 142nd | Honduras | -0.41% | -2.8% |
| 143rd | Belarus | -0.34% | 79.7% |
| 144th | Haiti | -0.32% | -370.1% |
| 145th | Ireland | -0.30% | 60.9% |
| 146th | Djibouti | -0.21% | 72.2% |
| 147th | Togo | -0.21% | 97.0% |
| 148th | Chad | -0.18% | 88.4% |
| 149th | United Arab Emirates | -0.16% | 94.6% |
| 150th | Canada | -0.11% | 75.3% |
| 151st | Comoros | -0.10% | 98.2% |
| 152nd | Congo, Democratic Republic of | -0.05% | 94.4% |
| 153rd | Slovenia | 0.05% | 102.7% |
| 154th | Lithuania | 0.36% | 958.8% |
| 155th | Somalia, Fed. Rep. | 0.37% | -18.9% |
| 156th | Jamaica | 0.43% | 332.2% |
| 157th | Mauritania | 0.53% | 302.3% |
| 158th | Croatia | 0.80% | 176.8% |
| 159th | Bulgaria | 0.82% | -46.6% |
| 160th | Iceland | 0.97% | -92.2% |
| 161st | Uzbekistan | 1.04% | 48.3% |
| 162nd | Greece | 1.06% | 276.8% |
| 163rd | Switzerland | 1.13% | 374.8% |
| 164th | Sweden | 1.29% | 49.5% |
| 165th | Serbia | 1.32% | 222.1% |
| 166th | Germany | 1.34% | 17.9% |
| 167th | Netherlands | 1.35% | 501.8% |
| 168th | New Zealand | 1.36% | 38.9% |
| 169th | Luxembourg | 1.37% | -27.7% |
| 170th | Czechia | 1.46% | 113.1% |
| 171st | St. Kitts and Nevis | 1.68% | -55.4% |
| 172nd | Denmark | 1.69% | 459.3% |
| 173rd | Bosnia and Herzegovina | 1.79% | 423.1% |
| 174th | Korea | 2.08% | 32.9% |
| 175th | Tuvalu | 2.10% | -92.4% |
| 176th | Cyprus | 2.13% | 372.1% |
| 177th | Liechtenstein | 2.74% | -7.2% |
| 178th | Grenada | 3.02% | 12.1% |
| 179th | Andorra | 3.34% | -17.9% |
| 180th | Malta | 3.40% | 210.9% |
| 181st | Tonga | 3.58% | 143.8% |
| 182nd | Marshall Islands | 4.38% | 12.9% |
| 183rd | Palau | 4.76% | 35.3% |
| 184th | Norway | 4.96% | 22.8% |
| 185th | Singapore | 5.24% | 61.1% |
| 186th | Hong Kong SAR, China | 5.49% | 25.2% |
| 187th | South Sudan | 9.57% | 148.2% |
| 188th | Macao SAR, China | 13.27% | 16.3% |
| 189th | Micronesia, Federated States of | 14.48% | 96.4% |
| 190th | Kuwait | 15.25% | 16.6% |
| 191st | Nauru | 16.17% | -14.4% |
| 192nd | Kiribati | 34.09% | 69.6% |
FAQ
What was Libya's budget deficit in 2017?▾
Libya's budget deficit in 2017 was -11.06%. This ranked 3rd globally.
How did Libya's budget deficit change in 2017?▾
Libya's budget deficit increased by 62.2% in 2017 compared to 2016.
Which country had the highest budget deficit in 2017?▾
Kiribati had the highest budget deficit in 2017 at 34.09%.
What is the budget deficit of Libya in 2017?▾
The budget deficit of Libya in 2017 was -11.06%. This ranked 3rd globally.
How does 2017 compare to 2016 for Libya's budget deficit?▾
Libya's budget deficit went from -29.29% in 2016 to -11.06% in 2017, a 62.2% increase.
HistorySaid - pattern alert
Libya matched the Export Boom Cycle pattern in 2017. Historically: 768 occurrences, 546 successful (71%). Outcome 24 months later: -11.2%. View full analysis →
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2016
2018
All years
Full ranking 2017
Tax Revenue
Government Spending
Military Spending
Health Spending
Government Debt to GDP
Peak: 2005
Lowest: 2014
Budget Deficit 1990s
Budget Deficit 2000s
Budget Deficit 2010s
Budget Deficit 2020s
Highest ever
Lowest ever
Average
vs Suriname
vs Fiji
vs Paraguay
vs Botswana
Organisation of Islamic Cooperation Budget Deficit
OPEC Budget Deficit
African Union Budget Deficit
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