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Libya - Gross domestic product based on purchasing-power-parity in current prices

61.97 (billion international dollars) in 2017

Libya GDP based on PPP was at level of 61.97 billion international dollars in 2017, up from 37.08 billion international dollars previous year, this is a change of 67.13 %.

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What is GDP based on PPP?

GDP (PPP based) is gross domestic product converted to international dollars using purchasing power parity rates. An international dollar has the same purchasing power over GDP as a U.S. dollar has in the United States. A purchasing power parity (PPP) between two countries, A and B, is the ratio of the number of units of country A’s currency needed to purchase in country A the same quantity of a specific good or service as one unit of country B’s currency will purchase in country B. PPPs can be expressed in the currency of either of the countries. In practice, they are usually computed among large numbers of countries and expressed in terms of a single currency, with the U.S. dollar (US$) most commonly used as the base or "numeraire" currency.

What is Libya GDP based on PPP?

Date Value Change, %
2017 61.97 67.13 %
2016 37.08 -6.38 %
2015 39.60 -12.09 %
2014 45.05 -52.13 %
2013 94.11 -35.72 %
2012 146.40 129.02 %
2011 63.92 -65.96 %
2010 187.80 4.38 %
2009 179.92 -2.25 %
2008 184.06 4.66 %
2007 175.86 9.21 %
2006 161.03