The Libyan economy is estimated to have grown by a very strong 86.5 percent in 2021, after a sharp contraction of 55.7 percent in 2020, due to multiple shocks. Inflation rose from 1.4% in 2020 to 2.7% in 2021. In early 2021, the Libyan dinar was significantly devalued to harmonize official and parallel market rates. The current account generated a surplus of 14.2 percent in 2021 compared to a deficit of 28.2 percent in 2020. Libya received US$2.1 billion from the SDR allocation.(Download detailed Analysis Source : Report African Economic Outlook 2022 ; AfDB)