Imports of services as a part of balance of payment reached 7.46 USD bil in 2014 in Libya, according to the National Statistical Office. This is 60.1 % more than in the previous year.
Historically, imports of services as a part of balance of payment in Libya reached an all time high of 8.47 USD bil in 2013 and an all time low of 0.575 USD bil in 1995. When compared to Libya's main peers, imports of services as a part of balance of payment in Algeria amounted to 11.8 USD bil, 17.5 USD bil in Egypt and 3.40 USD bil in Tunisia in 2014.
Libya has been ranked 68th within the group of 162 countries we follow in terms of imports of services as a part of balance of payment, 4 places above the position seen 10 years ago.
Services (previously non-factor services) refer to the economic output of intangible commodities that may be produced, transferred and consumed at the same time.
|Imports of Services (BoP, USD)||Unit||2009||2010||2011||2012||2013||2014||2015||2016||2017|
|Saudi Arabia||USD bil||78.0||73.4||76.7||101||88.0|