Libya LY: GDP: Real: Gross Value Added at Factor Cost: Services

Libya LY: GDP: Real: Gross Value Added at Factor Cost: Services data was reported at 33,813.100 LYD mn in 2024. This records an increase from the previous number of 29,346.900 LYD mn for 2023. Libya LY: GDP: Real: Gross Value Added at Factor Cost: Services data is updated yearly, averaging 44,976.500 LYD mn from Dec 2006 (Median) to 2024, with 19 observations. The data reached an all-time high of 47,935.700 LYD mn in 2014 and a record low of 25,975.473 LYD mn in 2020. Libya LY: GDP: Real: Gross Value Added at Factor Cost: Services data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Libya – Table LY.World Bank.WDI: Gross Domestic Product: Real. Services industries correspond to ISIC (Rev. 4) divisions 45-99 and includes wholesale and retail trade, repair of motor vehicles, hotels and retaurants, transport, storage and communication, financial intermediation, real estate, renting and business activities, public administration and defence, compulsory social security, education, health and social work, other community, social and personal service activities, private households with employed persons, and extra-territorial organizations and bodies. Value added is the contribution to the economy by a producer or an industry or an institutional sector, which is estimated by the total value of output produced and deducting the total value of intermediate consumption of goods and services used to produce that output. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.;Country official statistics, National Statistical Organizations and/or Central Banks; National Accounts data files, Organisation for Economic Co-operation and Development (OECD); Staff estimates, World Bank (WB);;

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What was Libya's Libya LY: GDP: Real: Gross Value Added at Factor Cost: Services in 2023?

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