Net current transfers (% of GDP) in Libya
Libya: Net current transfers (% of GDP) was -2.5% in 2009. ◆ Volatile
Net current transfers in Libya, 2005–2009
Source: International Monetary Fund, Balance of Payments Statistics Yearbook and data files. World Bank GDP estimates are used for the denominator. Measured in % of GDP.
Analysis
In 2009, net current transfers in Libya stood at -2.5%. That is the lowest value across all 5 years on record.
That represents a change of down 125.8% on the previous year and down 74.9% over five years.
Libya ranks 41st of 41 countries on this measure, in the bottom quarter.
Net current transfers (% of GDP) in Libya, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2005 | -1.4% | — |
| 2006 | 1.0% | -172.0% |
| 2007 | -0.3% | -129.4% |
| 2008 | -1.1% | +266.5% |
| 2009 | -2.5% | +125.8% |
Libya compared with similar countries
- Libya's -2.5% is below the median for upper middle income countries, which is 1.3%. (6 countries reporting)
- Libya's -2.5% is below the median for Middle East, North Africa, Afghanistan & Pakistan, which is 5.4%. (6 countries reporting)
Countries ranked near Libya
- 38 South Africa -0.5% compare
- 39 Angola -1.3% compare
- 40 Cote d'Ivoire -1.9% compare
More trade data for Libya
- Commodity Net Export Price Index, Individual Commodities Weighted by 66.39 (2025)
- Commodity Net Export Price Index, Individual Commodities Weighted by 86.13 (2025)
- Commodity Export Price Index, Individual Commodites Weighted by Ratio 85.76 (2025)
- Commodity Export Price Index, Individual Commodites Weighted by Ratio 63.22 (2025)
- Commodity Import Price Index, Individual Commodites Weighted by Ratio 99.57 (2025)
- Commodity Import Price Index, Individual Commodites Weighted by Ratio 82.34 (2025)
- Imports of low carbon technology products, Percent of GDP 0.7224 (2019)
- Imports of low carbon technology products, US dollar (World), per 71.96 units per person (2019)
- Imports of low carbon technology products, US dollar (World), per 0.0072 units per US$ of GDP (2019)
- Imports of low carbon technology products, US dollar (World), gaps 500.17 million (2019)
Frequently asked questions
- What is net current transfers in Libya?
- Net current transfers in Libya was -2.5% in 2009, according to International Monetary Fund, Balance of Payments Statistics Yearbook and data files. World Bank GDP estimates are used for the denominator.
- What is the highest net current transfers recorded in Libya?
- The highest recorded value was 1.0% in 2006.
- What is the lowest net current transfers recorded in Libya?
- The lowest recorded value was -2.5% in 2009.
- How does Libya rank for net current transfers?
- Libya ranks 41st out of 41 countries with data for 2009.
- Where does this Libya data come from?
- The figures come from International Monetary Fund, Balance of Payments Statistics Yearbook and data files. World Bank GDP estimates are used for the denominator, published as part of Net current transfers (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Net current transfers are recorded in the balance of payments whenever an economy provides or receives goods, services, income, or financial items without a quid pro quo. All transfers not considered to be capital are current. Data are in current U.S. dollars.