Economic impact of violence in Libya 2010-2019

Published by
Saifaddin Galal,
Apr 28, 2023
In 2019, the total economic impact of violence in Libya exceeded 34 billion U.S. dollars, adjusted for purchasing power parity (PPP). This indicator measures both the direct and indirect costs of violent acts, considering the multiplier effect. From 2010 onwards, the value fluctuated, peaking at 48.44 billion U.S. dollars in 2017. The country had one of the highest economic costs of violence as a percentage of gross domestic product (GDP) in North Africa in 2019, at 21 percent.

Economic impact of violence in Libya from 2010 to 2019 (in billion 2019 PPP U.S. dollars)

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Release date

January 2021

Region

Libya

Survey time period

2010 to 2019

Supplementary notes

The source adds the following information:
"The economic impact of violence includes the direct and indirect costs of violence as well as an economic multiplier applied to the direct costs. The economic cost of violence includes only the direct and indirect costs. The percentage of GDP results are calculated using the economic cost of violence."

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