Libya’s public debt stood at nearly $50 billion in 2024, according to the annual report of the Libyan Audit Bureau, excerpts of which were published by the state-run Libyan News Agency.
The report puts total debt at 270 billion Libyan dinars (about $49.8 billion), comprising 84 billion dinars owed by the Tripoli-based Government of National Unity (GNU) and 186 billion dinars accumulated by the eastern-based administration appointed by the House of Representatives.
The Audit Bureau noted that debt levels have remained largely unchanged since 2020. The scale of the debt closely mirrors Libya’s economic output, with World Bank data estimating the country’s 2024 gross domestic product at 46.6 billion dollars.
Libya continues to grapple with entrenched political fragmentation following the 2011 NATO-backed uprising that removed Muammar Gaddafi. The country remains divided between the GNU, led by Abdul Hamid Dbeibah in the west, and a rival eastern government headed by Osama Hammad and backed by the House of Representatives.
