Formal Savings Statistics in Libya (2026)

15.9% of adults in Libya saved at a formal financial institution in 2024, World Bank Global Findex data show. Down from 17.1% in 2017 to 15.9% in 2024 (−1.2 percentage points). Libya ranks #8 of 18 economies in Middle East, North Africa, Afghanistan & Pakistan on this measure, and #89 of 142 globally.

Key Statistics

Latest value (2024): 15.9% (2024); Formal Savings in Libya as of 2024, the most recent observation in World Bank Global Findex data.
Change since 2017: −1.2 pp (2024); Down from 17.1% in 2017 to 15.9% in 2024 (−1.2 percentage points).
Peak value (2017): 17.1% (2017); Highest value in the available series; the 2024 value is 15.9%.
Rank in Middle East, North Africa, Afghanistan & Pakistan: #8 of 18 (2024); Libya ranks 8 of 18 countries in Middle East, North Africa, Afghanistan & Pakistan with data, based on each country's latest value.
Global rank: #89 of 142 (2024); Libya ranks 89 of 142 countries with data globally.
Middle East, North Africa, Afghanistan & Pakistan average: 17.2% (2024); Libya (15.9%) is below the average of 17.2% across the 18 countries in Middle East, North Africa, Afghanistan & Pakistan with data.
Among women (2024): 14.1% (2024); Value for women in Libya, same 2024 World Bank Global Findex data.
Among men (2024): 17.6% (2024); Value for men in Libya, same 2024 World Bank Global Findex data.
Gender gap (women minus men): −3.5 pp (2024); In 2024, the figure was 14.1% for women and 17.6% for men — 3.5 percentage points lower among women.
In rural areas (2024): 14.6% (2024); Value for rural residents of Libya in 2024.
Rural gap vs national: −1.2 pp (2024); Rural residents (14.6%) are 1.2 percentage points below the national figure (15.9%).
Among the poorest 40% (2024): 11.7% (2024); Value for adults in the poorest 40% of households in Libya in 2024.
Poorest-40% gap vs national: −4.2 pp (2024); The poorest 40% (11.7%) are 4.2 percentage points below the national figure (15.9%).
Internet use in Libya (2024): 82% (2024); 82% of the population in Libya used the internet in 2024 (World Bank); shown for context only.
Population (2024): 7.4 million (2024); Libya had a population of 7.4 million in 2024 (World Bank); shown for scale only.

Trend, 2017–2024

Formal Savings in Libya by year (% of adults (age 15+))
Year	% of adults (age 15+)	Change
2024	15.9%	−1.2 pp
2017	17.1%	—

Frequently asked questions

What share of adults in Libya saved at a formal financial institution?

15.9% of adults in Libya saved at a formal financial institution in 2024, according to World Bank Global Findex data.

When did formal savings in Libya peak?

The highest value in the available series was 17.1% in 2017; the latest (2024) value is 15.9%.

How recent is the formal savings data for Libya?

The most recent observation is from 2024. World Bank Global Findex data is reported with a lag, so 2024 is the latest available year for Libya.

Where does the formal savings data for Libya come from?

The data comes from the World Bank Global Findex (indicator fin17a). The latest observation for Libya is from 2024; the snapshot was retrieved on 2026-06-10.

How has formal savings in Libya changed over time?

World Bank Global Findex data show a decline from 17.1% in 2017 to 15.9% in 2024.

Source & methodology

Source: World Bank Global Findex, indicator fin17a, retrieved 2026-06-10.

Figures are shown exactly as published in the source dataset; only the change column of the trend table is computed from adjacent published values.Read more on the methodology page. All figures are estimates and projections; this is not financial advice.

Last updated 2026-06-10.