Oil rents as a share of gdp in Libya
Libya: Oil rents as a share of gdp was 56.38 in 2021. ▲ Rising
Latest (2021)
56.38
Change on year
up 509.9%
World rank
1st
of 199 countries
All-time high
64.82
in 2008
All-time low
9.24
in 2020
Years of data
32
1990–2021
Oil rents as a share of gdp in Libya, 1990–2021
Source: Our World in Data.
Analysis
The most recent figure for oil rents as a share of gdp in Libya is 56.38, measured in 2021.
Compared with earlier readings it is up 509.9% on the previous year and up 55.2% over ten years.
Over the whole period, oil rents as a share of gdp in Libya peaked at 64.82 in 2008 and was at its lowest, 9.24, in 2020.
That places Libya 1st out of 199 countries with data for 2021, putting it in the top 10%.
The long-run direction has been consistently rising across the 32 years of available data.
Oil rents as a share of gdp in Libya, year by year
| Year | Value | Change |
|---|---|---|
| 1990 | 39.71 | — |
| 1991 | 23.35 | -41.2% |
| 1992 | 22.37 | -4.2% |
| 1993 | 22.27 | -0.5% |
| 1994 | 21.88 | -1.7% |
| 1995 | 26.78 | +22.4% |
| 1996 | 31.03 | +15.9% |
| 1997 | 26.34 | -15.1% |
| 1998 | 17.81 | -32.4% |
| 1999 | 19.7 | +10.6% |
| 2000 | 33.59 | +70.5% |
| 2001 | 29.49 | -12.2% |
| 2002 | 48.38 | +64.1% |
| 2003 | 47.84 | -1.1% |
| 2004 | 54.79 | +14.5% |
| 2005 | 61.02 | +11.4% |
| 2006 | 60.93 | -0.1% |
| 2007 | 59.93 | -1.6% |
| 2008 | 64.82 | +8.2% |
| 2009 | 49.91 | -23.0% |
| 2010 | 54.53 | +9.2% |
| 2011 | 36.33 | -33.4% |
| 2012 | 57.63 | +58.6% |
| 2013 | 45.8 | -20.5% |
| 2014 | 28.63 | -37.5% |
| 2015 | 14.43 | -49.6% |
| 2016 | 10.79 | -25.2% |
| 2017 | 20.95 | +94.1% |
| 2018 | 30.03 | +43.4% |
| 2019 | 32.75 | +9.0% |
| 2020 | 9.24 | -71.8% |
| 2021 | 56.38 | +509.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 25.12 | 17.81 | 39.71 | 10 |
| 2000s | 51.07 | 29.49 | 64.82 | 10 |
| 2010s | 33.19 | 10.79 | 57.63 | 10 |
| 2020s | 32.81 | 9.24 | 56.38 | 2 |
Countries ranked near Libya
More energy & mining data for Libya
- Fuel imports 13.1% (2019)
- Ores and metals imports 1.7% (2019)
- Ores and metals exports 0.7% (2019)
- Gas production 117.26 terawatt-hours (2025)
- Fossil fuel production per person, by fuel 15,721 kilowatt-hours per person (2025)
- Fossil fuel production by fuel 117.26 terawatt-hours (2025)
- Gas production per person 15,721 kilowatt-hours per person (2025)
- Fossil fuel production by fuel, per capita 0 terawatt-hours per person (2025)
- Fossil fuel production by fuel, per unit of GDP 0 terawatt-hours per US$ of GDP (2025)
- Gas production, per capita 0 terawatt-hours per person (2025)
Frequently asked questions
- What is oil rents as a share of gdp in Libya?
- Oil rents as a share of gdp in Libya was 56.38 in 2021, according to Our World in Data.
- What is the highest oil rents as a share of gdp recorded in Libya?
- The highest recorded value was 64.82 in 2008.
- What is the lowest oil rents as a share of gdp recorded in Libya?
- The lowest recorded value was 9.24 in 2020.
- How does Libya rank for oil rents as a share of gdp?
- Libya ranks 1st out of 199 countries with data for 2021.
- Is oil rents as a share of gdp rising or falling in Libya?
- Over the last ten years it is up 55.2%. The long-run trend across the full record is rising.
- Where does this Libya data come from?
- The figures come from Our World in Data, published as part of Oil rents as a share of gdp. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 32 observations, free to reuse under CC BY 4.0 (Our World in Data).