Military spending in Libya
Libya: Military spending was 1.60 billion constant 2024 US$ in 2023. ◆ Volatile
Military spending in Libya, 1964–2023
Source: Stockholm International Peace Research Institute (2026) – with minor processing by Our World in Data. Measured in constant 2024 US$.
Analysis
In 2023, military spending in Libya stood at 1.60 billion constant 2024 US$.
The figure is up 26.7% on the previous year and down 32.2% over ten years.
Over the whole period, military spending in Libya peaked at 2.36 billion constant 2024 US$ in 2013 and was at its lowest, 41.70 million constant 2024 US$, in 1964.
Libya ranks 75th of 162 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 103.96 million constant 2024 US$ | 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 | 542.93 million constant 2024 US$ | 322.68 million constant 2024 US$ | 830.98 million constant 2024 US$ | 9 |
| 2010s | 2.12 billion constant 2024 US$ | 1.81 billion constant 2024 US$ | 2.36 billion constant 2024 US$ | 3 |
| 2020s | 1.43 billion constant 2024 US$ | 1.26 billion constant 2024 US$ | 1.60 billion constant 2024 US$ | 2 |
Countries ranked near Libya
More reference data data for Libya
- Spring temperature anomalies -0.1917 °C (2026)
- Summer temperature anomalies 0.4458 °C (2026)
- Temperature anomalies by month 2.51 °C (2026)
- Universal right to vote in practice 0 (2025)
- Autumn temperature anomalies -0.0933 °C (2025)
- Winter temperature anomalies 1.15 °C (2025)
- Consumer price index 289.41 2010 = 100 (2025)
- Universal right to vote 2 (2025)
- Competitive elections 0 (2025)
- Men's universal right to vote 1 (2025)
Frequently asked questions
- What is military spending in Libya?
- Military spending in Libya was 1.60 billion constant 2024 US$ in 2023, according to Stockholm International Peace Research Institute (2026) – with minor processing by Our World in Data.
- What is the highest military spending recorded in Libya?
- The highest recorded value was 2.36 billion constant 2024 US$ in 2013.
- What is the lowest military spending recorded in Libya?
- The lowest recorded value was 41.70 million constant 2024 US$ in 1964.
- How does Libya rank for military spending?
- Libya ranks 75th out of 162 countries with data for 2023.
- Is military spending 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 Stockholm International Peace Research Institute (2026) – with minor processing by Our World in Data, published as part of Military spending. Statizoid updates them automatically from the source API.
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About this data
This data is expressed in US dollars. It is adjusted for inflation but does not account for differences in the cost of living between countries.