Libya Remittances Received
Personal remittances received BX.TRF.PWKR.CD.DT
Libya's remittances received was $16.0M in 2006, ranked 23rd globally. This represents a 6.7% increase from 2005. Data from World Bank, covering 2000–2006.
Overview
Libya's remittances received stood at $16.0M in 2006, a rise of +$1.0M from 2005. Libya ranked 23rd globally.
Libya’s remittances received rose from 9,000,000.00 in 2000 to a peak of 16,000,000.00 in 2006, placing the country at rank 23 globally in the latest year. The upward trajectory was punctuated by a trough of 7,000,000.00 in 2002, after which inflows accelerated, more than doubling the 2000 level within four years. Compared with peer economies of similar rank, Libya’s 2006 receipt was slightly below Namibia’s 16,442,777.05 and marginally above Sierra Leone’s 15,622,339.18, indicating that while the country benefitted from a modest diaspora contribution, it remained less reliant on remittances than many sub‑Saharan counterparts such as Guinea‑Bissau, which recorded 25,519,702.43 in the same period. The consistent rise suggests that improvements in labor migration channels and the stabilization of oil‑linked incomes have reinforced the flow of funds from abroad. Continued diversification of the economy and sustained political stability could further enhance remittance inflows, potentially shifting Libya’s position upward in future global rankings.
Data & projection
| Year | Remittances Received | YoY change | Rank |
|---|---|---|---|
| 2006 | $16.0M | +$1.0M | #23 |
| 2005 | $15.0M | +$5.0M | #19 |
| 2004 | $10.0M | +$2.0M | #16 |
| 2003 | $8.0M | +$1.0M | #12 |
| 2002 | $7.0M | −$3.0M | #14 |
| 2001 | $10.0M | +$1.0M | #19 |
| 2000 | $9.0M | – | #20 |
Detected Pattern
Analysis
Libya matched the Export Boom Cycle pattern in 2017. Historically, 71% of countries showing this pattern (546 out of 768) saw remittances received improve within 24 months. View full analysis →
Frequently Asked Questions
Libya's remittances received was $16.0M in 2006. Ranked 23rd globally. This represents a 6.7% increase from the previous year.
Libya's remittances received peaked at $16.0M in 2006.
The lowest remittances received in Libya was $7.0M in 2002.
Libya ranks 23rd globally in remittances received as of 2006.
The World Bank indicator code is BX.TRF.PWKR.CD.DT. Data sourced from World Bank.
Libya's remittances received was approximately 16 million ($16.0M) in 2006.
The remittances received of Libya in 2006 was $16.0M. This ranks 23rd in the world.
Cite this page
@misc{historysaid_libya_remittances,
title = {Libya Remittances Received},
url = {https://historysaid.com/libya/remittances/},
publisher = {HistorySaid},
year = {2026}
}