Libya’s economy recorded steady growth and low inflation in 2025, according to the latest economic bulletin issued by the Central Bank of Libya, highlighting the continued importance of oil revenues to the country’s financial performance.
The report showed that Libya’s gross domestic product (GDP) at current prices reached LYD 390.4 billion in 2025, while GDP at constant prices stood at LYD 166.5 billion at the end of the year. The figures indicate sustained economic activity despite ongoing challenges facing the country.
According to the bulletin, Libya maintained a relatively low inflation rate of 1.8%, reflecting price stability compared with many regional economies. The exchange rate of the Libyan dinar remained stable at LYD 5.416 against the U.S. dollar.
The monetary survey revealed that broad money supply (M2) reached LYD 203.1 billion. This included LYD 59.1 billion in currency circulating outside banks and LYD 140.5 billion in demand deposits, in addition to LYD 3.5 billion in time deposits held by both public and private sector entities.
On the fiscal side, total state revenues amounted to LYD 136.9 billion. Oil revenues accounted for the largest share, contributing approximately LYD 116.8 billion. Public expenditure reached LYD 136.8 billion, resulting in a broadly balanced fiscal position.
The data also highlighted Libya’s continued dependence on hydrocarbon exports. Total exports in 2024 reached LYD 166.4 billion, including LYD 155.2 billion in oil exports. Imports stood at LYD 111.3 billion, generating a trade surplus of LYD 55.2 billion.
Despite the positive trade balance, the overall balance of payments recorded a deficit of LYD 29.8 billion. The current account posted a modest surplus of LYD 853.4 million, while the capital and financial account registered a deficit of LYD 19.4 billion.
Libyan economic officials, including Central Bank Governor Naji Issa, have repeatedly stressed the need for economic diversification, financial reform, and improved investment conditions to strengthen long-term economic stability beyond the oil sector.
