Workers' remittances, net in Libya
Libya: Workers' remittances, net was -650.00 million BoP, current US$ in 2011. ▼ Falling
Workers' remittances, net in Libya, 2005–2011
Source: International Monetary Fund, Balance of Payments Statistics Yearbook and data files. Measured in BoP, current US$.
Analysis
Libya recorded -650.00 million BoP, current US$ for workers' remittances, net in 2011. That is the highest value across all 7 years on record.
That represents a change of up 59.6% on the previous year and up 23.3% over ten years.
That places Libya 39th out of 39 countries with data for 2011, putting it in the bottom quarter.
Workers' remittances, net in Libya, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 2005 | -847.00 million BoP, current US$ | — |
| 2006 | -874.00 million BoP, current US$ | +3.2% |
| 2007 | -762.20 million BoP, current US$ | -12.8% |
| 2008 | -964.20 million BoP, current US$ | +26.5% |
| 2009 | -1.36 billion BoP, current US$ | +41.2% |
| 2010 | -1.61 billion BoP, current US$ | +18.2% |
| 2011 | -650.00 million BoP, current US$ | -59.6% |
Libya compared with similar countries
- Libya's -650.00 million BoP, current US$ is below the median for Middle East, North Africa, Afghanistan & Pakistan, which is 819.84 million BoP, current US$. (6 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -961.68 million BoP, current US$ | -1.36 billion BoP, current US$ | -762.20 million BoP, current US$ | 5 |
| 2010s | -1.13 billion BoP, current US$ | -1.61 billion BoP, current US$ | -650.00 million BoP, current US$ | 2 |
Countries ranked near Libya
More trade data for Libya
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- Commodity Net Export Price Index, Individual Commodities Weighted by 86.13 (2025)
- Commodity Export Price Index, Individual Commodites Weighted by Ratio 85.76 (2025)
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- 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 workers' remittances, net in Libya?
- Workers' remittances, net in Libya was -650.00 million BoP, current US$ in 2011, according to International Monetary Fund, Balance of Payments Statistics Yearbook and data files.
- What is the highest workers' remittances, net recorded in Libya?
- The highest recorded value was -650.00 million BoP, current US$ in 2011.
- What is the lowest workers' remittances, net recorded in Libya?
- The lowest recorded value was -1.61 billion BoP, current US$ in 2010.
- How does Libya rank for workers' remittances, net?
- Libya ranks 39th out of 39 countries with data for 2011.
- Is workers' remittances, net rising or falling in Libya?
- Over the last ten years it is up 23.3%. The long-run trend across the full record is falling.
- Where does this Libya data come from?
- The figures come from International Monetary Fund, Balance of Payments Statistics Yearbook and data files, published as part of Workers' remittances, net (BoP, current US$). Statizoid updates them automatically from the source API.
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About this data
Workers' remittances are current transfers by migrants who are employed or intend to remain employed for more than a year in another economy in which they are considered residents. Some developing countries classify workers' remittances as a factor income receipt (and thus as a component of GNI). The World Bank adheres to international guidelines in defining GNI, and its classification of workers' remittances may therefore differ from national practices. Data are in current U.S. dollars.