Country Financial Sector Profilesback

Financial Sector Overview

Libya officially the State of Libya, is a country in North Africa, bordered by the Mediterranean Sea to the north, Egypt to the east, Sudan to the southeast, Chad and Niger to the south and Algeria and Tunisia to the west.

The sovereign state is made of three historical regions: Tripolitania, Fezzan and Cyrenaica. With an area of almost 1.8 million square kilometres (700,000 sq mi), Libya is the fourth largest country in Africa, and is the 16th largest country in the world. Libya has the 10th-largest proven oil reserves of any country in the world. The largest city and capital, Tripoli, is located in western Libya and contains over one million of Libya's six million people. The second-largest city is Benghazi, which is located in eastern Libya.

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At a Glance

At a Glance Source
Population in thousands (2017): 6,374.62
GDP per capita (current US$) 2017 - World Average 10,721.61: 5,978.04
Account (%) age 15+) - (2014 vs 2017): 66% (2017)
Agriculture Orientation Index - Credit (Agriculture, Forestry and Fisheries share of GDP) (2015 vs 2016): n/a
Financial Inclusion Strategies: n/a
Domestic credit provided by financial sector (% of GDP) 2017: 53.94
Made or received digital payments in the past year (% age 15+) (2014 vs 2017): 32% (2017)
Remittances % of GDP for 2017: n/a
Mortgage Interest Rate / Mortgage Term (years): 6.00% | 30

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Latest News & Events

Mar 05, 2019
MFW4A organized the last edition of its African financial sector dialogue series on February 27-28, 2019 in Tunis, Tunisia.

Latest Publications

Jun 30, 2019 | BAST Ratings | BAST Ratings
Apr 04, 2016 | C. A. Wood, J. Yang | The World Bank
Oct 05, 2015 | IFC, AMF | IFC, AMF
Jul 31, 2014 | P. Calice | The World Bank
Jun 30, 2014 | J. Gobat, M. Yanase, J. Maloney | IMF