World Bank · Economy

Libya: General government final consumption expenditure (constant 2015 US$)

23.45Bconstant 2015 USD · 2025-5.3% since 2015

Final consumption expenditure is expenditure on goods and services by resident institutional units for the direct satisfaction of human needs or wants, whether individual or collective. General government FCE includes all government current expenditures for purchases of goods and services (including compensation of employees), and most expenditures on national defense and security, but excludes government military expenditures that are part of government capital formation. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars. Annual figures for Libya from 2010 to 2025.