Explicit fossil fuel subsidies as a share of GDP in Libya
Libya: Explicit fossil fuel subsidies as a share of GDP was 12.2% in 2024. ◆ Volatile
Explicit fossil fuel subsidies as a share of GDP in Libya, 2010–2024
Source: United Nations Environment Programme – with minor processing by Our World in Data. Measured in %.
Analysis
In 2024, explicit fossil fuel subsidies as a share of gdp in Libya stood at 12.2%.
That represents a change of down 6.3% on the previous year and up 27.1% over ten years.
Over the whole period, explicit fossil fuel subsidies as a share of gdp in Libya peaked at 19.5% in 2022 and was at its lowest, 3.9%, in 2017.
That places Libya 5th out of 194 countries with data for 2024, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Explicit fossil fuel subsidies as a share of GDP in Libya, year by year
| Year | % | Change |
|---|---|---|
| 2010 | 4.3% | — |
| 2011 | 8.8% | +105.4% |
| 2012 | 6.1% | -30.3% |
| 2013 | 7.8% | +27.5% |
| 2014 | 9.6% | +23.1% |
| 2015 | 4.9% | -49.3% |
| 2016 | 4.3% | -11.9% |
| 2017 | 3.9% | -10.4% |
| 2018 | 4.6% | +18.4% |
| 2019 | 4.7% | +2.6% |
| 2020 | 7.1% | +51.2% |
| 2021 | 8.9% | +25.7% |
| 2022 | 19.5% | +118.6% |
| 2023 | 13.1% | -32.9% |
| 2024 | 12.2% | -6.3% |
Libya compared with similar countries
- Libya's 12.2% is above the median for upper middle income countries, which is 0.1%, 111.4× the median. (57 countries reporting)
- Libya's 12.2% is above the median for Middle East, North Africa, Afghanistan & Pakistan, which is 2.1%, 5.7× the median. (23 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 5.9% | 3.9% | 9.6% | 10 |
| 2020s | 12.2% | 7.1% | 19.5% | 5 |
Countries ranked near Libya
- 2 Turkmenistan 14.0% compare
- 3 Uzbekistan 12.7% compare
- 4 Algeria 12.4% compare
- 6 Azerbaijan 8.4% compare
- 7 Iraq 7.5% compare
- 8 Kuwait 6.9% compare
More energy & mining data for Libya
- Fossil fuel consumption by fuel, per unit of GDP 0 terawatt-hours per US$ of GDP (2024)
- Primary energy use, annual growth rate 10.28 % change on previous year (2024)
- Coal consumption, per capita 0 terawatt-hours per person (2024)
- Coal consumption, per unit of GDP 0 terawatt-hours per US$ of GDP (2024)
- Primary energy use, per unit of GDP 0 terawatt-hours per US$ of GDP (2024)
- Primary energy use, per capita 0 terawatt-hours per person (2024)
- Coal production, per capita 0 terawatt-hours per person (2024)
- Coal production, per unit of GDP 0 terawatt-hours per US$ of GDP (2024)
- Fossil fuel consumption by fuel, per capita 0 terawatt-hours per person (2024)
- Fuel imports 13.1% (2019)
Frequently asked questions
- What is explicit fossil fuel subsidies as a share of gdp in Libya?
- Explicit fossil fuel subsidies as a share of gdp in Libya was 12.2% in 2024, according to United Nations Environment Programme – with minor processing by Our World in Data.
- What is the highest explicit fossil fuel subsidies as a share of gdp recorded in Libya?
- The highest recorded value was 19.5% in 2022.
- What is the lowest explicit fossil fuel subsidies as a share of gdp recorded in Libya?
- The lowest recorded value was 3.9% in 2017.
- How does Libya rank for explicit fossil fuel subsidies as a share of gdp?
- Libya ranks 5th out of 194 countries with data for 2024.
- Is explicit fossil fuel subsidies as a share of gdp rising or falling in Libya?
- Over the last ten years it is up 27.1%. The long-run trend across the full record is volatile.
- Where does this Libya data come from?
- The figures come from United Nations Environment Programme – with minor processing by Our World in Data, published as part of Explicit fossil fuel subsidies as a share of GDP. Statizoid updates them automatically from the source API.
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About this data
Fossil-fuel subsidies (consumption and production) as a proportion of total GDP (%).