Current Account Balance in Libya
Over the past decade, Libya's current account balance averaged -1.0% of GDP. However, in 2020, this number deteriorated to -10.2% of GDP. For more current account information, visit our dedicated page.
Libya Current Account Chart
Note: This chart displays Current Account (% of GDP) for Libya from 2011 to 2022.
Source: Macrobond.
Libya Current Account Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Current Account Balance (% of GDP) | -10.2 | 15.9 | 23.1 | - | - |
| Current Account Balance (USD bn) | -4.8 | 5.7 | 10.0 | 8.0 | - |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Lybian current account projections for the next ten years from a panel of 1 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable current account forecast available for Lybian current account.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Lybian current account projections.
Want to get access to the full dataset of Lybian current account forecasts? Send an email to info@focus-economics.com.