Libya Current Account Balance
Current account balance as % of GDP BN.CAB.XOKA.GD.ZS
Libya's current account balance was 0.94% in 2025, ranked 61st globally. This represents a 122.5% increase from 2024. Data from World Bank, covering 1977–2025.
Overview
Libya's current account balance stood at 0.94% in 2025, a rise of +5.12% from 2024. The IMF projects 0.94% by 2025. Libya ranked 61st globally.
Libya’s current‑account balance has hovered near breakeven in recent years, registering a surplus of 0.94 % of GDP in 2025, which places the country 61st globally and ties it with Angola while slightly lagging behind Italy’s 0.97 % and Hungary’s 1.24 % (World Bank). The balance surged to an all‑time high of 41.91 % of GDP in 2007, reflecting robust oil export earnings before the global financial crisis, but collapsed to a trough of –33.18 % in 2014 amid civil conflict and sharply reduced production. Over the 49‑year series from 1977, when the balance stood at 9.63 % of GDP, Libya’s performance has been highly volatile, swinging between large surpluses and deficits. The recent modest surplus suggests a tentative recovery in oil revenues and fiscal discipline, yet sustained improvement will depend on political stability, diversification of export markets and the resilience of global oil prices, which will shape the trajectory of the current‑account balance in the coming years.
Data & projection
| Year | Current Account Balance | YoY change | Rank |
|---|---|---|---|
| 2030* IMF | 0.43% | - | - |
| 2029* IMF | 0.38% | - | - |
| 2028* IMF | 0.41% | - | - |
| 2027* IMF | 0.45% | - | - |
| 2026* IMF | 0.60% | - | - |
| 2025* IMF | 0.94% | - | - |
| 2025 | 0.94% | +5.12% | #61 |
| 2024 | -4.18% | −22.45% | #58 |
| 2023 | 4.24% | −18.94% | #155 |
| 2022 | 22.22% | +6.08% | #190 |
| 2021 | 16.11% | +26.33% | #188 |
| 2020 | -10.20% | −16.90% | #35 |
| 2019 | 6.96% | −7.75% | #173 |
| 2018 | 14.70% | +8.13% | #184 |
| 2017 | 6.59% | +16.02% | #177 |
| 2016 | -9.43% | +9.47% | #31 |
| 2015 | -19.18% | +13.93% | #9 |
| 2014 | -33.18% | −33.19% | #2 |
| 2013 | 0.01% | −25.74% | #132 |
| 2012 | 25.76% | +19.17% | #187 |
| 2011 | 6.63% | −12.71% | #164 |
Detected Pattern
Analysis
Libya matched the Export Boom Cycle pattern in 2017. Historically, 71% of countries showing this pattern (546 out of 768) saw current account balance improve within 24 months. View full analysis →
Frequently Asked Questions
Libya's current account balance was 0.94% in 2025. Ranked 61st globally. This represents a 122.5% increase from the previous year.
Libya's current account balance peaked at 41.91% in 2007.
The lowest current account balance in Libya was -33.18% in 2014.
Libya ranks 61st globally in current account balance as of 2025.
The World Bank indicator code is BN.CAB.XOKA.GD.ZS. Data sourced from World Bank.
Libya's current account balance is projected to reach 0.94% by 2025 based on IMF projection.
The current account balance of Libya in 2025 was 0.94%. This ranks 61st in the world.
Cite this page
@misc{historysaid_libya_current-account,
title = {Libya Current Account Balance},
url = {https://historysaid.com/libya/current-account/},
publisher = {HistorySaid},
year = {2026}
}