Workers' remittances paid reached 756 USD mil in 2016 in Libya, according to the National Statistical Office. This is 10.0 % less than in the previous year.
Historically, workers' remittances paid in Libya reached an all time high of 3,199 USD mil in 2013 and an all time low of 192 USD mil in 1997. When compared to Libya's main peers, workers' remittances paid in Algeria amounted to 76.6 USD mil, 352 USD mil in Egypt and 27.4 USD mil in Tunisia in 2016.
Libya has been ranked 50th within the group of 154 countries we follow in terms of workers' remittances paid, 14 places behind the position seen 10 years ago.
Workers' remittances and compensation of employees comprise current transfers by migrant workers and wages and salaries earned by non-resident workers.