Oil rents in Libya
Libya: Oil rents was 56.4% in 2021. ▲ Rising
Oil rents in Libya, 1990–2021
Source: The Changing Wealth of Nations, World Bank (WB). Measured in % of GDP.
Analysis
The most recent figure for oil rents in Libya is 56.4%, 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 in Libya peaked at 64.8% in 2008 and was at its lowest, 9.2%, in 2020.
That places Libya 1st out of 200 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 in Libya, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1990 | 39.7% | — |
| 1991 | 23.4% | -41.2% |
| 1992 | 22.4% | -4.2% |
| 1993 | 22.3% | -0.5% |
| 1994 | 21.9% | -1.7% |
| 1995 | 26.8% | +22.4% |
| 1996 | 31.0% | +15.9% |
| 1997 | 26.3% | -15.1% |
| 1998 | 17.8% | -32.4% |
| 1999 | 19.7% | +10.6% |
| 2000 | 33.6% | +70.5% |
| 2001 | 29.5% | -12.2% |
| 2002 | 48.4% | +64.1% |
| 2003 | 47.8% | -1.1% |
| 2004 | 54.8% | +14.5% |
| 2005 | 61.0% | +11.4% |
| 2006 | 60.9% | -0.1% |
| 2007 | 59.9% | -1.6% |
| 2008 | 64.8% | +8.2% |
| 2009 | 49.9% | -23.0% |
| 2010 | 54.5% | +9.2% |
| 2011 | 36.3% | -33.4% |
| 2012 | 57.6% | +58.6% |
| 2013 | 45.8% | -20.5% |
| 2014 | 28.6% | -37.5% |
| 2015 | 14.4% | -49.6% |
| 2016 | 10.8% | -25.2% |
| 2017 | 20.9% | +94.1% |
| 2018 | 30.0% | +43.4% |
| 2019 | 32.8% | +9.0% |
| 2020 | 9.2% | -71.8% |
| 2021 | 56.4% | +509.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 25.1% | 17.8% | 39.7% | 10 |
| 2000s | 51.1% | 29.5% | 64.8% | 10 |
| 2010s | 33.2% | 10.8% | 57.6% | 10 |
| 2020s | 32.8% | 9.2% | 56.4% | 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 in Libya?
- Oil rents in Libya was 56.4% in 2021, according to The Changing Wealth of Nations, World Bank (WB).
- What is the highest oil rents recorded in Libya?
- The highest recorded value was 64.8% in 2008.
- What is the lowest oil rents recorded in Libya?
- The lowest recorded value was 9.2% in 2020.
- How does Libya rank for oil rents?
- Libya ranks 1st out of 200 countries with data for 2021.
- Is oil rents 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 The Changing Wealth of Nations, World Bank (WB), published as part of Oil rents (% 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 (World Bank Open Data).
About this data
Oil rents are the difference between the value of crude oil production at regional prices and total costs of production.