Libya Trade to GDP Ratio 1990-2024

Trade is the sum of exports and imports of goods and services measured as a share of gross domestic product.
  • Libya trade to gdp ratio for 2023 was 109.93%, a 1.74% decline from 2022.
  • Libya trade to gdp ratio for 2022 was 111.67%, a 9.46% decline from 2021.
  • Libya trade to gdp ratio for 2021 was 121.14%, a 84.94% increase from 2020.
  • Libya trade to gdp ratio for 2020 was 36.20%, a 39.68% decline from 2019.
Data Source: World Bank

MLA Citation:
Similar Country Ranking
Country Name Trade (% of GDP)
North Macedonia 159.10%
Belarus 133.00%
Malaysia 131.84%
Thailand 129.15%
Serbia 124.27%
Fiji 120.93%
Montenegro 119.99%
Bulgaria 118.60%
Armenia 117.04%
Libya 109.93%
Namibia 109.61%
Mauritius 108.43%
Belize 106.48%
Bosnia 101.03%
Samoa 91.06%
Equatorial Guinea 87.13%
Albania 84.54%
Azerbaijan 83.62%
Romania 83.04%
Paraguay 82.99%
Gabon 74.14%
Mexico 74.12%
Costa Rica 70.29%
Botswana 67.37%
Turkey 66.96%
South Africa 65.72%
Ecuador 57.85%
Iran 55.54%
Peru 50.91%
Guatemala 50.13%
Dominican Republic 49.62%
Algeria 46.20%
Russia 41.83%
Colombia 40.48%
China 37.32%
Turkmenistan 35.17%
Brazil 33.85%
Libya Trade to GDP Ratio - Historical Data
Year Trade (% of GDP) Annual Change
2023 109.93% -1.74%
2022 111.67% -9.46%
2021 121.14% 84.94%
2020 36.20% -39.68%
2019 75.88% 12.10%
2018 63.78% 16.23%
2017 47.55% 6.44%
2016 41.11% -15.79%
2015 56.90% -19.62%
2014 76.52% -29.81%
2013 106.33% 8.11%
2012 98.22% 35.22%
2011 63.01% -35.07%
2010 98.08% -9.54%
2009 107.62% 4.38%
2008 103.24% 0.51%
2007 102.73% 4.99%
2006 97.74% 6.88%
2005 90.86% -5.27%
2004 96.13% 5.52%
2003 90.61% 11.75%
2002 78.86% 35.69%
2001 43.17% -2.11%
2000 45.28% 10.48%
1999 34.80% -5.45%
1998 40.25% -8.38%
1997 48.63% -3.91%
1996 52.55% 0.95%
1995 51.59% -1.56%
1994 53.15% -6.64%
1993 59.79% 3.73%
1992 56.06% -8.54%
1991 64.60% -6.20%
1990 70.80% -6.20%