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CompareEconomy.com Comparison of world economies

Libya

World Rank 48 3.48 Libya flag svg
Capital
Area
Currency
Tripoli
1,759,541 km 2
Libyan dinar (LYD)

Table of Contents

Introduction

Officially known as the State of Libya, the nation is located in the northern part of Africa, in the Maghreb region. It borders Sudan, Chad, Algeria, Niger, Tunisia, and Egypt. This is the fourth largest country in Africa thanks to its enormous land coverage of 1.8 million square kilometers. It is also the 16th largest nation worldwide. 

With a population of roughly 7 million people, Libya is one of the most sparsely populated nations in the world with only 3.74 people per square kilometer. Sadly, its GDP (PPP) is also very small ($31.5 billion). Because of that, its GDP per capita is at the average level for most of the African countries, namely $4,746. 

Gross domestic product (GDP, GDP PPP)

Gross domestic product (GDP)

  • Last
  • Historical chart
#86 (2021)
42,817,472,975 US$

List of countries by GDP

(United States of America (USA))

Gross domestic product growth rate

Gross domestic product per capita

Gross domestic product (PPP)

Gross domestic product (PPP) per capita

International trade (Export, Import)

External balance on goods and services

  • Last
  • Historical chart
#34 (2019)
5,166,988,486 US$

List of countries by external balance on goods and services

(China)

External balance on goods and services (% of GDP)

Exports of goods and services (current US$)

Exports of goods and services (% of GDP)

Imports of goods and services (current US$)

Imports of goods and services (% of GDP)

Employment by sector, Unemployment

Unemployment (% of total labor force)

  • Last
  • Historical chart
#8 (2021)
20.61 %

List of countries by unemployment

(South Africa)

Employment in agriculture (% of total employment)

Employment in industry (% of total employment)

Employment in services (% of total employment)

Vulnerable employment (% of total employment)