Foreign Trade In Services (As % of GDP) fell to 11.3% in Libya in 2016

Foreign Trade In Services (As % of GDP) (%)
Economy | Libya | May 17, 2019
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Excel Sheet

Foreign trade in services as a share of GDP reached 11.3 % in 2016 in Libya, according to the National Statistical Office. This is 38.7 % less than in the previous year.

Historically, foreign trade in services as a share of GDP in Libya reached an all time high of 18.5 % in 2015 and an all time low of 2.37 % in 1995. When compared to Libya's main peers, foreign trade in services as a share of GDP in Algeria amounted to 8.94 %, 9.26 % in Egypt and 15.0 % in Tunisia in 2016.

Libya has been ranked 119th within the group of 161 countries we follow in terms of foreign trade in services as a share of GDP, 32 places above the position seen 10 years ago.

Trade in services is the sum of service exports and imports divided by the value of GDP, all in current US dollars.

Foreign Trade In Services (As % of GDP) Unit 2009 2010 2011 2012 2013 2014 2015 2016 2017
Algeria % 8.10% 6.99% 6.94% 7.18% 8.73%
Cameroon % 13.1% 12.9% 13.9% 13.4% 12.0%
Chad % ... ... ... ... ... ... ... ... ...
Egypt % 14.1% 13.7% 12.0% 12.9% 10.8%
Israel % 19.0% 20.9% 19.8% 19.3% 20.2%
Italy % 10.1% 10.5% 10.5% 10.7% 10.9%
Libya % 12.8% 8.73% 13.2% 18.3% 18.5% ...
Malta % 218% 221% 218% 212% 225%
Morocco % 24.1% 23.9% 20.5% 22.8% 22.3%
Niger % 14.7% 13.0% 14.7% 16.1% 16.7%
Nigeria % 6.81% 5.73% 4.70% 4.69% 4.73%
Saudi Arabia % 13.3% 11.5% 11.9% 14.9% 15.7%
Spain % 13.6% 14.0% 13.9% 14.7% 15.3%
Sudan % 5.54% 4.65% 4.56% 4.43% 3.41%
Tunisia % 17.0% 18.4% 17.6% 17.1% 14.8%