Libya: Fiscal freedom

The latest value from 2018 is 91 points, a decline from 95 points in 2017. In comparison, the world average is 76 points, based on data from 179 countries. Historically, the average for Libya from 1996 to 2018 is 65 points. The minimum value, 32 points, was reached in 2004 while the maximum of 95 points was recorded in 2014. See the global rankings for that indicator or use the country comparator to compare trends over time.

The Fiscal Freedom index for Libya from The Heritage Foundation reflects the tax burden imposed by the government, including the direct taxes on individuals and corporations and the overall amount of tax revenue as a a share of GDP.

Definition: The Fiscal freedom index measures the tax burden imposed by government. It is composed of three quantitative factors: the top marginal tax rate on individual income, the top marginal tax rate on corporate income, and the total tax burden as a percentage of GDP.