Private Sector Credit Statistics in Libya (2026)
In 2024, domestic credit to the private sector in Libya stood at 13% of GDP, according to World Bank World Development Indicators data. Up from 12.2% of GDP in 2023 to 13% of GDP in 2024 (+0.8 percentage points). Libya ranks #14 of 16 economies in Middle East, North Africa, Afghanistan & Pakistan on this measure, and #140 of 160 globally.
Key Statistics
- Latest value (2024)
- 13% of GDP (2024)
- Private Sector Credit in Libya as of 2024, the most recent observation in World Bank World Development Indicators data.
- Change since 2023
- +0.8 pp (2024)
- Up from 12.2% of GDP in 2023 to 13% of GDP in 2024 (+0.8 percentage points).
- Earliest value in this dataset (1990)
- 30.4% of GDP (1990)
- Earliest observation in this dataset, which covers 1990 onward (the source series may begin earlier). Down from 30.4% of GDP in 1990 to 13% of GDP in 2024.
- Peak value (1995)
- 32.5% of GDP (1995)
- Highest value in the available series; the 2024 value is 13% of GDP.
- Rank in Middle East, North Africa, Afghanistan & Pakistan
- #14 of 16 (2024)
- Libya ranks 14 of 16 countries in Middle East, North Africa, Afghanistan & Pakistan with data, based on each country's latest value.
- Global rank
- #140 of 160 (2024)
- Libya ranks 140 of 160 countries with data globally.
- Middle East, North Africa, Afghanistan & Pakistan average
- 48.6% of GDP (2024)
- Libya (13% of GDP) is below the average of 48.6% of GDP across the 16 countries in Middle East, North Africa, Afghanistan & Pakistan with data.
- Domestic credit to private sector by banks (% of GDP) (2024)
- 12.9% (2024)
- Related indicator from World Bank World Development Indicators.
- Outstanding loans from commercial banks, percent of GDP (2022)
- 11% (2022)
- Related indicator from IMF Financial Access Survey (alternative source for cross-checking; not merged with the main series).
- 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, 1990–2024
| Year | % of GDP | Change |
|---|---|---|
| 2024 | 13% | +0.8 pp |
| 2023 | 12.2% | +1.5 pp |
| 2022 | 10.7% | −0.3 pp |
| 2021 | 11% | −10.8 pp |
| 2020 | 21.8% | +7.2 pp |
| 2019 | 14.6% | +1.8 pp |
| 2018 | 12.8% | −1.9 pp |
| 2017 | 14.8% | −4.1 pp |
| 2016 | 18.9% | −2.6 pp |
| 2015 | 21.5% | +2.2 pp |
| 2014 | 19.3% | +5.6 pp |
| 2013 | 13.7% | +4.4 pp |
| 2012 | 9.3% | −4.8 pp |
| 2011 | 14.2% | +4.9 pp |
| 2010 | 9.3% | −1.9 pp |
| 2009 | 11.2% | +3.9 pp |
| 2008 | 7.3% | +1.1 pp |
| 2007 | 6.2% | +0.1 pp |
| 2006 | 6% | −1.4 pp |
| 2005 | 7.4% | −3.0 pp |
| 2004 | 10.3% | −2.4 pp |
| 2003 | 12.8% | −4.4 pp |
| 2002 | 17.2% | −2.4 pp |
| 2001 | 19.6% | −0.9 pp |
| 2000 | 20.5% | −3.5 pp |
| 1999 | 23.9% | −0.6 pp |
| 1998 | 24.6% | +2.5 pp |
| 1997 | 22% | −1.7 pp |
| 1996 | 23.7% | −8.8 pp |
| 1995 | 32.5% | +0.1 pp |
| 1994 | 32.4% | +0.2 pp |
| 1993 | 32.2% | +3.5 pp |
| 1992 | 28.8% | +0.3 pp |
| 1991 | 28.4% | −2.0 pp |
| 1990 | 30.4% | — |
Frequently asked questions
What is the latest figure for domestic credit to the private sector in Libya?
Domestic credit to the private sector in Libya stood at 13% of GDP in 2024, according to World Bank World Development Indicators data.
Where does the private sector credit data for Libya come from?
The data comes from the World Bank World Development Indicators (indicator FS.AST.PRVT.GD.ZS). The latest observation for Libya is from 2024; the snapshot was retrieved on 2026-06-10.
How has private sector credit in Libya changed over time?
World Bank World Development Indicators data show a decline from 30.4% of GDP in 1990 to 13% of GDP in 2024.
Source & methodology
Source: World Bank, World Development Indicators, indicator
FS.AST.PRVT.GD.ZS, retrieved .
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 .