Real GDP growth slowed to an estimated 4% in 2019, due to lower oil prices. Inflation, after declining in 2018 and the first quarter of 2019, rebounded to an average above 10% in 2019 because of the intensified conflict in Tripoli. The fiscal deficit worsened to 10.9% of GDP in 2019 from 7.4% in 2018 (but still much improved from 43% in 2017). The fiscal stance was slightly worse in 2019 due to lower oil prices despite higher oil production, at 1.15 million barrels a day in the second quarter of 2019, up from 0.97 million in 2018.
In June 2017, the banking sector of Libya represented a total asset of $ 4.1 billion.
Credit distributed to private sector in June 2017 represents $ 8.7 billion.