Real GDP growth of Libya plummeted by 82.96% from 64.0 % in 2017 to 10.9 % in 2018. Since the 43.95% surge in 2014, real GDP growth sank by 120.57% in 2018.
The description is composed by our digital data assistant.Annual percentage growth rate of GDP at market prices based on constant local currency. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources.