Libya Inflation Rate 1960-2024

Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used.
  • Libya inflation rate for 2022 was 4.51%, a 1.64% increase from 2021.
  • Libya inflation rate for 2021 was 2.87%, a 1.42% increase from 2020.
  • Libya inflation rate for 2020 was 1.45%, a 3.61% increase from 2019.
  • Libya inflation rate for 2019 was -2.16%, a 15.33% decline from 2018.
Data Source: World Bank

MLA Citation:
Similar Country Ranking
Country Name Inflation Rate (%)
Lebanon 171.21%
Turkey 72.31%
Suriname 52.45%
Iran 43.49%
Bulgaria 15.33%
Belarus 15.21%
North Macedonia 14.20%
Azerbaijan 13.85%
Romania 13.80%
Montenegro 13.04%
Serbia 11.98%
Botswana 11.67%
Tonga 10.97%
Samoa 10.96%
Mauritius 10.77%
Jamaica 10.35%
Colombia 10.18%
Paraguay 9.77%
Brazil 9.28%
Algeria 9.27%
Dominican Republic 8.81%
Armenia 8.64%
Peru 8.33%
Costa Rica 8.27%
Mexico 7.90%
South Africa 7.04%
Guatemala 6.89%
Albania 6.73%
St. Lucia 6.38%
Belize 6.28%
Guyana 6.12%
Namibia 6.08%
Thailand 6.08%
St. Vincent and the Grenadines 5.66%
Iraq 4.99%
Equatorial Guinea 4.79%
Fiji 4.52%
Libya 4.51%
Gabon 4.23%
Jordan 4.23%
Ecuador 3.47%
Malaysia 3.38%
Grenada 2.56%
Maldives 2.33%
China 1.97%
Tuvalu 0.00%
Marshall Islands 0.00%
American Samoa 0.00%
Nauru 0.00%
Turkmenistan 0.00%
Dominica 0.00%
Venezuela 0.00%
Bosnia 0.00%
Cuba 0.00%
Russia 0.00%
Kazakhstan 0.00%
Libya Inflation Rate - Historical Data
Year Inflation Rate (%) Annual Change
2022 4.51% 1.64%
2021 2.87% 1.42%
2020 1.45% 3.61%
2019 -2.16% -15.33%
2018 13.17% -12.63%
2017 25.80% -0.05%
2016 25.85% 15.45%
2015 10.40% 7.97%
2014 2.43% -0.17%
2013 2.61% -3.45%
2012 6.06% -9.46%
2011 15.52% 12.72%
2010 2.80% 0.34%
2009 2.46% -7.90%
2008 10.36% 4.11%
2007 6.25% 4.79%
2006 1.46% -1.19%
2005 2.65% 4.85%
2004 -2.20% -0.01%
2003 -2.19% 7.61%
2002 -9.80% -0.98%
2001 -8.81% -5.91%
2000 -2.90% -5.55%
1999 2.65% -1.06%
1998 3.71% 0.16%
1997 3.55% -0.48%
1996 4.03% -3.21%
1995 7.24% 2.13%
1994 5.11% -5.96%
1993 11.07% 1.71%
1992 9.36% -2.54%
1991 11.90% 3.44%
1990 8.45% 6.94%
1989 1.51% -4.58%
1988 6.09% 1.73%
1987 4.36% 1.06%
1986 3.29% -5.85%
1985 9.14% -3.34%
1984 12.48% 1.87%
1983 10.61% 0.35%
1982 10.26% -0.94%
1981 11.20% 1.47%
1980 9.73% 15.77%
1979 -6.04% -35.42%
1978 29.38% 23.10%
1977 6.28% 0.80%
1976 5.48% -3.64%
1975 9.12% 1.66%
1974 7.46% -0.51%
1973 7.97% 8.22%
1972 -0.25% 2.85%
1971 -3.10% 2.19%
1970 -5.30% -15.08%
1969 9.79% 9.39%
1968 0.39% -6.90%
1967 7.30% -4.95%
1966 12.24% 0.82%
1965 11.43% 11.43%
1964 0.00% 0.00%
1963 0.00% 0.00%
1962 0.00% 0.00%
1961 0.00% 0.00%
1960 0.00% 0.00%