Workers' remittances, payments in Libya
Libya: Workers' remittances, payments was 650.00 million BoP, current US$ in 2011. ▲ Rising
Workers' remittances, payments 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, payments in 2011. That is the lowest value across all 7 years on record.
The figure is down 59.6% on the previous year and down 23.9% over ten years.
That places Libya 2nd out of 34 countries with data for 2011, putting it in the top 10%.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 964.28 million BoP, current US$ | 762.20 million BoP, current US$ | 1.36 billion BoP, current US$ | 5 |
| 2010s | 1.13 billion BoP, current US$ | 650.00 million BoP, current US$ | 1.61 billion BoP, current US$ | 2 |
Countries ranked near Libya
More trade data for Libya
- Net long-term borrowing 642.00 million BoP, current US$ (2011)
- Pesticides imports 15.90 million FAO, current US$ (2010)
- Food imports excluding fish 1.90 billion FAO, current US$ (2010)
- Total agricultural imports 2.22 billion FAO, current US$ (2010)
- Cereal imports 705.16 million FAO, current US$ (2010)
- Cereal imports quantity 2.90 million FAO, tonnes (2010)
- Total agricultural exports 7.16 million FAO, current US$ (2010)
- Cereal exports 37,000 FAO, current US$ (2010)
- Cereal exports quantity 29 FAO, tonnes (2010)
- Agricultural tractors, imports 4.62 million FAO, current US$ (2007)
Frequently asked questions
- What is workers' remittances, payments in Libya?
- Workers' remittances, payments 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, payments recorded in Libya?
- The highest recorded value was 1.61 billion BoP, current US$ in 2010.
- What is the lowest workers' remittances, payments recorded in Libya?
- The lowest recorded value was 650.00 million BoP, current US$ in 2011.
- How does Libya rank for workers' remittances, payments?
- Libya ranks 2nd out of 34 countries with data for 2011.
- Is workers' remittances, payments rising or falling in Libya?
- Over the last ten years it is down 23.9%. The long-run trend across the full record is rising.
- 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, payments (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. This item shows payments by the reporting country. Data are in current U.S. dollars.