Military spending, gaps filled in Libya

Libya: Military spending, gaps filled was 1.60 billion constant 2024 US$ in 2023. ◆ Volatile

Latest (2023)
1.60 billion constant 2024 US$
Change on year
up 26.7%
World rank
75th
of 162 countries
All-time high
2.36 billion constant 2024 US$
in 2013
All-time low
41.70 million constant 2024 US$
in 1964
Years of data
39
1964–2023

Military spending, gaps filled in Libya, 1964–2023

0500.0M1.0B1.5B2.0B2.5B1964199320231964: 41.7M constant 2024 US$1965: 50.7M constant 2024 US$1966: 90.8M constant 2024 US$1967: 115.1M constant 2024 US$1968: 137.6M constant 2024 US$1969: 187.8M constant 2024 US$1970: 336.1M constant 2024 US$1971: 346.9M constant 2024 US$1972: 267.8M constant 2024 US$1973: 332.9M constant 2024 US$1974: 442.3M constant 2024 US$1975: 270.2M constant 2024 US$1976: 290.5M constant 2024 US$1977: 401.8M constant 2024 US$1978: 472.6M constant 2024 US$1979: 588.1M constant 2024 US$1980: 674.5M constant 2024 US$1981: 314.7M constant 2024 US$1982: 363.3M constant 2024 US$1997: 353.8M constant 2024 US$1998: 399.1M constant 2024 US$1999: 308.2M constant 2024 US$2000: 329.8M constant 2024 US$2001: 322.7M constant 2024 US$2002: 414.7M constant 2024 US$2003: 516.2M constant 2024 US$2004: 674.0M constant 2024 US$2005: 664.0M constant 2024 US$2006: 584.2M constant 2024 US$2007: 549.8M constant 2024 US$2008: 831.0M constant 2024 US$2009: 1.1B constant 2024 US$2010: 1.3B constant 2024 US$2011: 1.6B constant 2024 US$2012: 1.8B constant 2024 US$2013: 2.4B constant 2024 US$2014: 2.2B constant 2024 US$2022: 1.3B constant 2024 US$2023: 1.6B constant 2024 US$

Source: Statizoid (derived). Measured in constant 2024 US$.

Analysis

Libya recorded 1.60 billion constant 2024 US$ for military spending, gaps filled in 2023.

Compared with earlier readings it is up 26.7% on the previous year and down 32.2% over ten years.

Over the whole period, military spending, gaps filled in Libya peaked at 2.36 billion constant 2024 US$ in 2013 and was at its lowest, 41.70 million constant 2024 US$, in 1964.

Libya ranks 75th of 162 countries on this measure, in the middle of the range.

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

Military spending, gaps filled in Libya, year by year

Annual values for Military spending, gaps filled in Libya, 1964 to 2023.
Year constant 2024 US$ Change
1964 41.70 million constant 2024 US$
1965 50.74 million constant 2024 US$ +21.7%
1966 90.85 million constant 2024 US$ +79.0%
1967 115.05 million constant 2024 US$ +26.6%
1968 137.60 million constant 2024 US$ +19.6%
1969 187.82 million constant 2024 US$ +36.5%
1970 336.11 million constant 2024 US$ +78.9%
1971 346.88 million constant 2024 US$ +3.2%
1972 267.84 million constant 2024 US$ -22.8%
1973 332.86 million constant 2024 US$ +24.3%
1974 442.31 million constant 2024 US$ +32.9%
1975 270.24 million constant 2024 US$ -38.9%
1976 290.48 million constant 2024 US$ +7.5%
1977 401.76 million constant 2024 US$ +38.3%
1978 472.57 million constant 2024 US$ +17.6%
1979 588.13 million constant 2024 US$ +24.5%
1980 674.45 million constant 2024 US$ +14.7%
1981 314.71 million constant 2024 US$ -53.3%
1982 363.27 million constant 2024 US$ +15.4%
1997 353.82 million constant 2024 US$ -2.6%
1998 399.11 million constant 2024 US$ +12.8%
1999 308.17 million constant 2024 US$ -22.8%
2000 329.83 million constant 2024 US$ +7.0%
2001 322.68 million constant 2024 US$ -2.2%
2002 414.70 million constant 2024 US$ +28.5%
2003 516.17 million constant 2024 US$ +24.5%
2004 674.03 million constant 2024 US$ +30.6%
2005 663.98 million constant 2024 US$ -1.5%
2006 584.21 million constant 2024 US$ -12.0%
2007 549.84 million constant 2024 US$ -5.9%
2008 830.98 million constant 2024 US$ +51.1%
2009 1.08 billion constant 2024 US$ +29.4%
2010 1.32 billion constant 2024 US$ +22.7%
2011 1.56 billion constant 2024 US$ +18.5%
2012 1.81 billion constant 2024 US$ +15.6%
2013 2.36 billion constant 2024 US$ +30.4%
2014 2.18 billion constant 2024 US$ -7.5%
2022 1.26 billion constant 2024 US$ -42.1%
2023 1.60 billion constant 2024 US$ +26.7%

Libya compared with similar countries

  • Libya's 1.60 billion constant 2024 US$ is below the median for upper middle income countries, which is 1.62 billion constant 2024 US$, 99% of the median. (46 countries reporting)
  • Libya's 1.60 billion constant 2024 US$ is below the median for Middle East, North Africa, Afghanistan & Pakistan, which is 5.93 billion constant 2024 US$, 27% of the median. (21 countries reporting)

Averages by decade

DecadeAverage LowestHighest Years
1960s 103.96 million constant 2024 US$ 41.70 million constant 2024 US$ 187.82 million constant 2024 US$ 6
1970s 374.92 million constant 2024 US$ 267.84 million constant 2024 US$ 588.13 million constant 2024 US$ 10
1980s 450.81 million constant 2024 US$ 314.71 million constant 2024 US$ 674.45 million constant 2024 US$ 3
1990s 353.70 million constant 2024 US$ 308.17 million constant 2024 US$ 399.11 million constant 2024 US$ 3
2000s 596.19 million constant 2024 US$ 322.68 million constant 2024 US$ 1.08 billion constant 2024 US$ 10
2010s 1.85 billion constant 2024 US$ 1.32 billion constant 2024 US$ 2.36 billion constant 2024 US$ 5
2020s 1.43 billion constant 2024 US$ 1.26 billion constant 2024 US$ 1.60 billion constant 2024 US$ 2

Countries ranked near Libya

  1. 72 Nigeria 1.76 billion constant 2024 US$ compare
  2. 73 Armenia 1.65 billion constant 2024 US$ compare
  3. 74 Latvia 1.60 billion constant 2024 US$ compare
  4. 76 Ireland 1.46 billion constant 2024 US$ compare
  5. 77 Bahrain 1.46 billion constant 2024 US$ compare
  6. 78 Estonia 1.44 billion constant 2024 US$ compare

See the full ranking of 162 places →

More reference data data for Libya

All data for Libya →

Frequently asked questions

What is military spending, gaps filled in Libya?
Military spending, gaps filled in Libya was 1.60 billion constant 2024 US$ in 2023, according to Statizoid (derived).
What is the highest military spending, gaps filled recorded in Libya?
The highest recorded value was 2.36 billion constant 2024 US$ in 2013.
What is the lowest military spending, gaps filled recorded in Libya?
The lowest recorded value was 41.70 million constant 2024 US$ in 1964.
How does Libya rank for military spending, gaps filled?
Libya ranks 75th out of 162 countries with data for 2023.
Is military spending, gaps filled rising or falling in Libya?
Over the last ten years it is down 32.2%. 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, gaps filled. Statizoid updates them automatically from the source API.

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

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How this figure is calculated

Military spending with 108 missing years estimated by linear interpolation between the nearest real observations. Only gaps of 4 years or fewer are filled, and never beyond the first or last actual measurement — these are filled holes, not forecasts.

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, gaps filled
Unit
constant 2024 US$
Source
Statizoid (derived)
Licence
Derived by Statizoid from the sources named on the page
Coverage
162 places, 8,449 data points, 1949–2025
Last refreshed

Military spending with 108 missing years estimated by linear interpolation between the nearest real observations. Only gaps of 4 years or fewer are filled, and never beyond the first or last actual measurement — these are filled holes, not forecasts.