Libya - Inflation, consumer prices (annual %) 1965 - 2013
Libya's inflation, consumer prices (annual %) is currently 2.61%, according to the most recent World Bank data for the country (2013).
Definition
The consumer price index gauges inflation by indicating the yearly percentage shift in the expenses for an average consumer to procure a collection of goods and services, which could either remain constant or alter at specified periods like annually; typically employing the Laspeyres formula.- Libya's inflation, consumer prices (annual %) for 2013 was 2.606%, a -57.00% increase from 2012, with a -4 difference.
- In 2012 it was 6.06%, a -60.95% increase from 2011, with a -10 difference.
- In 2011 it was 15.518%, a 454.25% increase from 2010.
- In 2010 it was 2.8%, a 13.82% increase from 2009.
- In 2009 it was 2.46%, a -76.26% increase from 2008.
Measure: Percent
Average, Lowest, and Highest Recorded Values
The average inflation, consumer prices (annual %), value for Libya is currently 5.3496% (average of years with recorded data) with a lowest recorded value of -9.7976% in 2002 and a highest value of 29.3798% in 1978.
Libya's Inflation, consumer prices (annual %) - Historical Data
| Year | Inflation, consumer prices (annual %) | Average Growth Rate (%) |
|---|---|---|
| 1965 | 11.425% | |
| 1966 | 12.243% | 7.16% |
| 1967 | 7.296% | -40.41% |
| 1968 | 0.391% | -94.64% |
| 1969 | 9.786% | 2,401.33% |
| 1970 | -5.296% | -154.12% |
| 1971 | -3.104% | 41.40% |
| 1972 | -0.251% | 91.91% |
| 1973 | 7.971% | 3,275.36% |
| 1974 | 7.458% | -6.43% |
| 1975 | 9.119% | 22.27% |
| 1976 | 5.479% | -39.92% |
| 1977 | 6.28% | 14.62% |
| 1978 | 29.38% | 367.82% |
| 1979 | -6.039% | -120.56% |
| 1980 | 9.734% | 261.19% |
| 1981 | 11.2% | 15.05% |
| 1982 | 10.259% | -8.40% |
| 1983 | 10.605% | 3.38% |
| 1984 | 12.478% | 17.66% |
| 1985 | 9.138% | -26.76% |
| 1986 | 3.291% | -63.99% |
| 1987 | 4.356% | 32.35% |
| 1988 | 6.087% | 39.75% |
| 1989 | 1.512% | -75.16% |
| 1990 | 8.451% | 459.02% |
| 1991 | 11.896% | 40.76% |
| 1992 | 9.36% | -21.32% |
| 1993 | 11.074% | 18.31% |
| 1994 | 5.113% | -53.83% |
| 1995 | 7.238% | 41.57% |
| 1996 | 4.028% | -44.35% |
| 1997 | 3.55% | -11.86% |
| 1998 | 3.709% | 4.48% |
| 1999 | 2.649% | -28.59% |
| 2000 | -2.9% | -209.49% |
| 2001 | -8.814% | -203.93% |
| 2002 | -9.798% | -11.16% |
| 2003 | -2.191% | 77.64% |
| 2004 | -2.198% | -0.29% |
| 2005 | 2.65% | 220.60% |
| 2006 | 1.459% | -44.94% |
| 2007 | 6.251% | 328.36% |
| 2008 | 10.361% | 65.75% |
| 2009 | 2.46% | -76.26% |
| 2010 | 2.8% | 13.82% |
| 2011 | 15.518% | 454.25% |
| 2012 | 6.06% | -60.95% |
| 2013 | 2.606% | -57.00% |
Expand
Comparison with Countries in the Middle East & North Africa Region.
Among countries in the same World Bank Middle East & North Africa (MENA) region, Libya comes in 19th with 2.606% inflation, consumer prices (annual %).
- Within the same region, Malta comes in 9th with 6.154%, inflation, consumer prices (annual %).
- Djibouti comes in 10th with 5.18%.
- Qatar comes in 11th with 4.995%.
- Iraq comes in 12th with 4.995%.
- United Arab Emirates comes in 13th with 4.828%.
- Israel comes in 14th with 4.394%.
- Jordan comes in 15th with 4.229%.
- Bahrain comes in 16th with 3.626%.
- Kuwait comes in 17th with 3.424%.
- Oman comes in 18th with 2.812%.
- Saudi Arabia comes in 20th with 2.474%.
- And West Bank and Gaza comes in 21st with 1.237%, inflation, consumer prices (annual %).
Inflation, consumer prices (annual %), Top 10 Countries in the Middle East & North Africa Region.
Top 10 Countries in the Middle East & North Africa Region.
| # | Country | Inflation, consumer prices (annual %) | Year |
|---|---|---|---|
| 1 | Lebanon | 154.76% | 2021 |
| 2 | Iran, Islamic Rep. | 43.39% | 2021 |
| 3 | Syrian Arab Republic | 36.70% | 2012 |
| 4 | Egypt, Arab Rep. | 13.90% | 2022 |
| 5 | Algeria | 9.27% | 2022 |
| 6 | Tunisia | 8.31% | 2022 |
| 7 | Yemen, Rep. | 8.10% | 2014 |
| 8 | Morocco | 6.66% | 2022 |
| 9 | Malta | 6.15% | 2022 |
| 10 | Djibouti | 5.18% | 2022 |
Comparison with Countries in the Upper middle income Group.
Among countries in the same World Bank Upper middle income (UMI) group, Libya comes in 45th with 2.606% inflation, consumer prices (annual %).
- Within the same income group, Thailand comes in 35th with 6.077%, inflation, consumer prices (annual %).
- St. Vincent and the Grenadines comes in 36th with 5.66%.
- Iraq comes in 37th with 4.995%.
- Equatorial Guinea comes in 38th with 4.787%.
- Fiji comes in 39th with 4.52%.
- Gabon comes in 40th with 4.231%.
- Indonesia comes in 41st with 4.209%.
- Ecuador comes in 42nd with 3.466%.
- Malaysia comes in 43rd with 3.379%.
- Belize comes in 44th with 3.236%.
- Maldives comes in 46th with 2.333%.
- China comes in 47th with 1.974%.
- West Bank and Gaza comes in 48th with 1.237%.
- Grenada comes in 49th with 1.22%.
- Tuvalu comes in 50th with 0.501%.
- And Dominica comes in 51st with -0.727%, inflation, consumer prices (annual %).
Inflation, consumer prices (annual %), Top 14 Countries in the Upper middle income Group.
Top 14 Countries in the Upper middle income Group.
| # | Country | Inflation, consumer prices (annual %) | Year |
|---|---|---|---|
| 1 | Venezuela, RB | 254.949% | 2016 |
| 2 | Turkiye | 72.309% | 2022 |
| 3 | Suriname | 52.446% | 2022 |
| 4 | Moldova | 28.737% | 2022 |
| 5 | Bulgaria | 15.325% | 2022 |
| 6 | Belarus | 15.210% | 2022 |
| 7 | North Macedonia | 14.205% | 2022 |
| 8 | Bosnia and Herzegovina | 14.021% | 2022 |
| 9 | Azerbaijan | 13.852% | 2022 |
| 10 | Montenegro | 13.040% | 2022 |
| 11 | Palau | 12.353% | 2022 |
| 12 | Serbia | 11.982% | 2022 |
| 13 | Georgia | 11.898% | 2022 |
| 14 | Botswana | 11.666% | 2022 |