Libya Trade (% of GDP) LBYTRADE Economic

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Asset LBYTRADE

Latest Value 128.82

Value Change % Calculating...

Value Change X Calculating...

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Volatility % 44.41%

Win Rate % 50.0%

CAGR % +61,651.36%

Best Year % +222.28%

Worst Year % -35.76%

Max Drawdown % -61.80%

Period High 164.28

Period Low 34.80

From High % -21.6%

From Low % +270.1%

Sharpe Ratio 0.17

Years >Avg % 40.0%

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What is Libya Trade (% of GDP)?

Libya Trade (% of GDP) quantifies the aggregate value of exports and imports of goods and services as a proportion of the nation's Gross Domestic Product. This metric serves as a crucial barometer for understanding the degree of openness and integration of Libya's economy into the global marketplace. Economists and policymakers monitor this indicator to gauge the reliance on international trade for economic growth and stability. A higher percentage suggests a more trade-dependent economy, potentially more susceptible to global economic fluctuations but also benefiting from greater access to foreign markets and goods. Conversely, a lower percentage might indicate a more domestically focused economy, less exposed to external shocks but possibly missing out on efficiency gains from specialization. The calculation involves summing the value of all exports and imports and dividing that total by the country's GDP. Increases in this ratio typically signal a growing role for international commerce, which can boost national income and employment through export-driven industries. Decreases may point to a contraction in trade activity, possibly due to domestic production shifts, trade barriers, or reduced global demand, potentially impacting economic output and foreign exchange earnings.

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Data sources

LBYTRADE: World Bank Open Data

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