Military spending, annual growth rate in Libya

Libya: Military spending, annual growth rate was 26.71 % change on previous year in 2023. ◆ Volatile

Latest (2023)
26.71 % change on previous year
World rank
15th
of 159 countries
All-time high
79.04 % change on previous year
in 1966
All-time low
-53.34 % change on previous year
in 1981
Years of data
32
1965–2023

Military spending, annual growth rate in Libya, 1965–2023

-500501001965199420231965: 21.7 % change on previous year1966: 79 % change on previous year1967: 26.6 % change on previous year1968: 19.6 % change on previous year1969: 36.5 % change on previous year1970: 79 % change on previous year1971: 3.2 % change on previous year1972: -22.8 % change on previous year1973: 24.3 % change on previous year1974: 32.9 % change on previous year1975: -38.9 % change on previous year1976: 7.5 % change on previous year1977: 38.3 % change on previous year1978: 17.6 % change on previous year1979: 24.5 % change on previous year1980: 14.7 % change on previous year1981: -53.3 % change on previous year1982: 15.4 % change on previous year1998: 12.8 % change on previous year1999: -22.8 % change on previous year2000: 7 % change on previous year2001: -2.2 % change on previous year2002: 28.5 % change on previous year2003: 24.5 % change on previous year2004: 30.6 % change on previous year2005: -1.5 % change on previous year2006: -12 % change on previous year2007: -5.9 % change on previous year2008: 51.1 % change on previous year2013: 30.4 % change on previous year2014: -7.5 % change on previous year2023: 26.7 % change on previous year

Source: Statizoid (derived). Measured in % change on previous year.

Analysis

In 2023, military spending, annual growth rate in Libya stood at 26.71 % change on previous year.

That represents a change of down 12.0% over ten years.

Over the whole period, military spending, annual growth rate in Libya peaked at 79.04 % change on previous year in 1966 and was at its lowest, -53.34 % change on previous year, in 1981.

That places Libya 15th out of 159 countries with data for 2023, putting it in the top 10%.

The series is highly variable year to year, so single readings are best treated with caution.

Military spending, annual growth rate in Libya, year by year

Annual values for Military spending, annual growth rate in Libya, 1965 to 2023.
Year % change on previous year Change
1965 21.69 % change on previous year
1966 79.04 % change on previous year +264.4%
1967 26.64 % change on previous year -66.3%
1968 19.6 % change on previous year -26.4%
1969 36.5 % change on previous year +86.2%
1970 78.95 % change on previous year +116.3%
1971 3.2 % change on previous year -95.9%
1972 -22.79 % change on previous year -811.4%
1973 24.28 % change on previous year -206.5%
1974 32.88 % change on previous year +35.4%
1975 -38.9 % change on previous year -218.3%
1976 7.49 % change on previous year -119.3%
1977 38.31 % change on previous year +411.5%
1978 17.63 % change on previous year -54.0%
1979 24.45 % change on previous year +38.7%
1980 14.68 % change on previous year -40.0%
1981 -53.34 % change on previous year -463.4%
1982 15.43 % change on previous year -128.9%
1998 12.8 % change on previous year -17.0%
1999 -22.79 % change on previous year -278.0%
2000 7.03 % change on previous year -130.8%
2001 -2.17 % change on previous year -130.9%
2002 28.52 % change on previous year -1415.1%
2003 24.47 % change on previous year -14.2%
2004 30.58 % change on previous year +25.0%
2005 -1.49 % change on previous year -104.9%
2006 -12.01 % change on previous year +705.2%
2007 -5.88 % change on previous year -51.0%
2008 51.13 % change on previous year -969.1%
2013 30.36 % change on previous year -40.6%
2014 -7.46 % change on previous year -124.6%
2023 26.71 % change on previous year -457.9%

Libya compared with similar countries

  • Libya's 26.71 % change on previous year is above the median for upper middle income countries, which is 6.73 % change on previous year, 4.0× the median. (46 countries reporting)
  • Libya's 26.71 % change on previous year is above the median for Middle East, North Africa, Afghanistan & Pakistan, which is 1.48 % change on previous year, 18.0× the median. (20 countries reporting)

Biggest year-on-year movements

Years where Military spending, annual growth rate in Libya changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.

YearChange FromTo
2002 +1415.1% -2.17 % change on previous year 28.52 % change on previous year

Averages by decade

DecadeAverage LowestHighest Years
1960s 36.7 % change on previous year 19.6 % change on previous year 79.04 % change on previous year 5
1970s 16.55 % change on previous year -38.9 % change on previous year 78.95 % change on previous year 10
1980s -7.74 % change on previous year -53.34 % change on previous year 15.43 % change on previous year 3
1990s -4.99 % change on previous year -22.79 % change on previous year 12.8 % change on previous year 2
2000s 13.35 % change on previous year -12.01 % change on previous year 51.13 % change on previous year 9
2010s 11.45 % change on previous year -7.46 % change on previous year 30.36 % change on previous year 2
2020s 26.71 % change on previous year 26.71 % change on previous year 26.71 % change on previous year 1

Countries ranked near Libya

  1. 12 Luxembourg 29.71 % change on previous year compare
  2. 13 Indonesia 27.61 % change on previous year compare
  3. 14 Vietnam 27.05 % change on previous year compare
  4. 16 Qatar 26.61 % change on previous year compare
  5. 17 Malta 24.76 % change on previous year compare
  6. 18 Brunei 24.55 % change on previous year compare

See the full ranking of 159 places →

More reference data data for Libya

All data for Libya →

Frequently asked questions

What is military spending, annual growth rate in Libya?
Military spending, annual growth rate in Libya was 26.71 % change on previous year in 2023, according to Statizoid (derived).
What is the highest military spending, annual growth rate recorded in Libya?
The highest recorded value was 79.04 % change on previous year in 1966.
What is the lowest military spending, annual growth rate recorded in Libya?
The lowest recorded value was -53.34 % change on previous year in 1981.
How does Libya rank for military spending, annual growth rate?
Libya ranks 15th out of 159 countries with data for 2023.
Is military spending, annual growth rate rising or falling in Libya?
Over the last ten years it is down 12.0%. The long-run trend across the full record is volatile.
Where does this Libya data come from?
The figures come from Statizoid (derived), published as part of Military spending, annual growth rate. Statizoid updates them automatically from the source API.

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Military spending, annual growth rate in Libya. Statizoid, drawing on Statizoid (derived). Retrieved 21 September 2026, from https://reference.statizoid.com/stat/military-spending-annual-growth-rate/libya/

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How this figure is calculated

The year-on-year percentage change in Military spending. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.

Computed from

Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.

About this data

Indicator
Military spending, annual growth rate
Unit
% change on previous year
Source
Statizoid (derived)
Licence
Derived by Statizoid from the sources named on the page
Coverage
159 places, 7,905 data points, 1950–2025
Last refreshed

The year-on-year percentage change in Military spending. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.