Libya
179 / 193
Libya is ranked 179 out of 193 countries, based on 25 indicators
Libya in the Lead 👑
Libya is the best in the world in 8 indicators
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💰 Highest Bank Liquid Reserves
In 2024, Libya's bank liquid reserves to bank assets ratio reached an impressive 214.12%, showcasing the country's robust financial stability.
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🏗️ Industry Leads GDP Contribution
In 2023, the industry sector, including construction, contributed 77.34% to Libya's GDP, underscoring its pivotal role in the economy.
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📉 Significant Reduction in Government Claims
In 2022, Libya experienced a -23.65% annual growth in claims on the central government as a percentage of broad money, indicating a significant reduction in government debt.
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🛢️ Oil Dominates GDP
In 2021, oil rents constituted 56.38% of Libya's GDP, highlighting the nation's heavy reliance on its oil sector.
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🌍 High Natural Resource Rents
Libya's total natural resources rents accounted for 61.03% of GDP in 2021, indicating the country's wealth in natural resources.
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📈 Leading in Insurance and Financial Services Exports
In 2021, insurance and financial services made up 67.03% of Libya's service exports, marking the country as a key player in this sector.
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💼 Ample Total Reserves
Libya had total reserves equivalent to 36.81 months of imports in 2021, reflecting a strong buffer against economic shocks.
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🍹 Minimal Alcohol Consumption Among Women
In 2020, Libyan women aged 15+ consumed just 0.002 liters of pure alcohol per capita, one of the lowest globally.
Libya Following Behind 😭
Libya ranks last in the world on 6 indicators
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📉 Negative Taxes Less Subsidies
In 2023, Libya's taxes less subsidies on products were -9,845,000,000 LCU, highlighting fiscal challenges.
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⚖️ Low Rule of Law Confidence
In 2023, Libya's rule of law percentile rank lower bound was 0.94, indicating challenges in governance and legal frameworks.
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🚧 Poor Trade and Transport Infrastructure
With a score of 1.7 in 2022, Libya's trade and transport infrastructure quality is among the lowest, impacting logistics performance.
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💰 Low Broad Money Growth
Libya's broad money growth was -20.26% in 2021, reflecting a significant contraction in the money supply.
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🔋 Lowest Alternative and Nuclear Energy Usage
In 2020, Libya's alternative and nuclear energy usage was just 0.01% of its total energy consumption, marking it as one of the lowest globally.
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💸 Negative Gross Savings
In 2020, Libya's gross savings were -14.16% of its GNI, indicating a significant shortfall in national savings.
