Average Salary in Libya 2024

Discover the comprehensive insights into Libya's salary landscape with our article, focusing on crucial aspects such as pay scale, wage gap, salary yearly increments, and breakdown based on education level or years of experience. Gain a deeper understanding of the current salary trends in Libya, empowering individuals and businesses alike to make informed decisions. Stay ahead in the dynamic job market with this informative resource.
Please be aware that the data we are providing is as accurate as possible at this early stage of the year 2024.

However, as we gather more data for 2024, we make adjustments to ensure the highest level of precision.

What is the average salary in Libya in 2024?

What is the average salary in Libya in 2024?
310USD
(USD 3,700 yearly)
Low 140 USD
Average 310 USD
High 1,400 USD
A person working in Libya typically earns around USD 310 per month. Salaries range from USD 140 (lowest average) to USD 1,400 (highest average, actual maximum salary is higher). This is the average salary including housing, transport, and other benefits. Salaries vary drastically between different careers. If you are interested in the salary of a particular job, see below for salaries for specific job titles.
In comparison with average salary in Libya in 2023, salaries changed by +0.7% so far. Looking ahead, economists project a gradual recovery in the job market. Full comparison 2023 and 2024 we are able to do it at the end of the year.

Pay Scale and Salaries in Libya

Pay Scale Comparison and Salary Structure

Nearly everyone earns less than USD 1,400, 75% of the people earn USD 430 or less. 50% employees earn less USD 300 or less, 25% of the employees earn less than USD 230.Download chartGet chart linkShare on FacebookShare on Twitter

Salary Structure

Nearly everyone earns less than USD 1,400, 75% of the people earn USD 430 or less. 50% employees earn less USD 300 or less, 25% of the employees earn less than USD 230.

Minimum Wage and Starting Salary

Minimum Wage and Starting Salary refers to the fundamental pay levels for entry-level positions. It encompasses the legally mandated minimum wage and the initial compensation offered to new hires, impacting job seekers and employers alike. Understanding these figures is crucial for ensuring fair labor practices and successful career beginnings. In Libya the minimum salary is USD 140.

Median Salary

In Libya, the median salary of USD 250 represents the middle point of all salaries in a dataset. This metric offers a more equitable perspective on income distribution and is frequently employed to assess average earnings across different professions and industries.

Salary range and Percentile

Salary Range refers to the span between the lowest and highest salaries in a given dataset, indicating the scope of potential earnings. Percentile, on the other hand, represents a specific point in the range, showing how a salary compares to others in the dataset, making it useful for benchmarking pay levels. In Libya the salary ranges from USD 140 to USD 1,400.

Annual Salary Increments in Libya

What is the average annual salary increment in the Libya? How frequently do employees receive salary raises?

During 2024, Libya recorded an average salary increment of around 0.7% for its employees, spanning various job sectors. On a global scale, the average salary increase for 2024 is 0.7%.Download chartGet chart linkShare on FacebookShare on Twitter
Employees in Libya experienced an average salary increase of 0.7% during 2024. This average is calculated across different job sectors. Globally, the average salary increase for 2024 is 0.7%.

Historical Graph of Annual Salary Increments in Libya

In recent years, the salary of employees in Libya has witnessed an average yearly increase of 2.8%. This corresponds to a range of 0.6% to 5.7% increment per year.Download chartGet chart linkShare on FacebookShare on Twitter
Employees based in Libya have experienced a salary increase averaging 2.8% per year in recent years. This translates to a range of 0.6% to 5.7% increment per year.

Salary Forecast and Trends for the Future in Libya

There are several key factors that influence future of salary growth. That is why we provide range of most probable forecast of salary increments. During next year salary increment will most likely be around 3.0%. Estimated range is between 1.6% and 4.5%.Download chartGet chart linkShare on FacebookShare on Twitter
There are several key factors that influence future of salary growth. That is why we provide range of most probable forecast of salary increments. During next year salary increment will most likely be around 3.0%. Estimated range is between 1.6% and 4.5%.

Gender Wage Gap in Libya

What is the difference in pay between mens and womens? Men vs. women salary comparison.

The actual wage gap in Libya reaches 5.0%.Download chartGet chart linkShare on FacebookShare on Twitter
The gender pay disparity in Libya is 5.0%.
It's due to many factors, such as:
  • Gender inequality.
  • On average, women use 10% more paid vacation days per year compared to men.
  • Having a college degree is less common among women compared to men.
  • Taking up caregiving responsibilities for children and elderly relatives is more common among women than among men.
  • The likelihood of women working part-time is higher than that of men, and part-time workers generally earn less than full-time workers.
  • In comparison to men, women are more likely to work in lower-paying occupations.

Salary Comparison by Education Level

How does the education level influence the amount of salary?

Completing high school and earning a bachelor's degree comes with a plethora of benefits. First and foremost, it significantly enhances career opportunities, allowing for higher income potential and greater access to diverse job prospects. Advancing from a bachelor's degree to a master's degree offers several compelling advantages. Firstly, it deepens one's expertise and knowledge in a specific field, making graduates highly sought-after specialists in their areas of study. Continuing from a master's degree to a Ph.D. brings numerous benefits. Firstly, it allows individuals to become true experts in their chosen fields, conducting groundbreaking research and contributing to the advancement of knowledge.Download chartGet chart linkShare on FacebookShare on Twitter

The Benefits of Transitioning from High School to a Bachelor's Degree

Completing high school and obtaining a bachelor's degree brings immense benefits. Firstly, it paves the way for better career prospects, unlocking higher earning potential and enabling access to a wider array of job opportunities. Apart from financial advantages, pursuing a bachelor's degree nurtures personal growth, enhances critical thinking skills, and offers the opportunity to specialize in a specific field of interest. It also facilitates valuable networking avenues and the cultivation of a global outlook. Ultimately, the journey from high school to a bachelor's degree is a transformative adventure that leads to a more gratifying and prosperous future.

The Advantages of Progressing from a Bachelor's to a Master's Degree

Advancing from a bachelor's degree to a master's degree offers several compelling advantages. Firstly, it deepens one's expertise and knowledge in a specific field, making graduates highly sought-after specialists in their areas of study. This advanced education often leads to even greater earning potential and career advancement opportunities. Additionally, master's programs often emphasize research and critical thinking, honing these skills for practical application in professional settings. Networking opportunities expand further, connecting students with experts in their fields. Lastly, pursuing a master's degree is a significant personal achievement, reflecting dedication and a commitment to lifelong learning, which can contribute to personal growth and fulfillment.

The Advantages of Advancing from a Master's to a Ph.D. Degree

Continuing from a master's degree to a Ph.D. brings numerous benefits. Firstly, it allows individuals to become true experts in their chosen fields, conducting groundbreaking research and contributing to the advancement of knowledge. This expertise often leads to prestigious career opportunities in academia, research, and leadership positions in various sectors. Ph.D. programs foster advanced critical thinking, problem-solving, and analytical skills, making graduates highly adaptable and innovative. Networking opportunities expand even further, with collaborations and connections in the global academic and professional communities. Pursuing a Ph.D. demonstrates a strong dedication to knowledge and paves the way for a successful and influential career.

Salary Breakdown Based on Career Levels

How does an individual's salary evolve as time goes on?

Promotion from junior to intermediate role brings increased responsibilities and expertise. Generally, salary rises significantly, often 16%-20% higher, reflecting higher skill level and value to the company. Elevated from intermediate to senior role, responsibilities expand, along with a substantial salary hike of about 11%-15%. Expertise and leadership result in higher recognition and greater financial rewards. Ascending from senior to executive role amplifies responsibilities. Typically, salary surges significantly, often 18%-22% higher, mirroring strategic influence and heightened leadership contributions.Download chartGet chart linkShare on FacebookShare on Twitter

Salary increase going from Junior to Intermediate

Promotion from junior to intermediate role brings increased responsibilities and expertise. Generally, salary rises significantly, often 16%-20% higher, reflecting higher skill level and value to the company.

Elevation from Intermediate to Senior Role Brings Salary Advancement

Elevated from intermediate to senior role, responsibilities expand, along with a substantial salary hike of close to 11%-15%. Expertise and leadership receive higher recognition and greater financial rewards.

Executive Promotion: Salary Increase from Senior Position

Ascending from senior to executive role amplifies responsibilities. Typically, salary surges significantly, often 18%-22% higher, mirroring strategic influence and heightened leadership contributions.

Average Hourly Wage in Libya

What is the average hourly wage in the Libya?

Average Hourly Wage
2USD
Low 1 USD
Average 2 USD
High 8 USD

What are the disadvantages of being paid on an hourly wage basis?

  • Income instability: Hourly wages may result in irregular or fluctuating income, making it challenging to budget and plan for expenses.
  • Limited earning potential: Hourly workers may face limitations in terms of the number of hours they can work, which can restrict their earning potential compared to salaried positions.
  • Lack of benefits: Hourly workers often have fewer or limited benefits such as paid time off, health insurance, retirement plans, and other perks typically connected to full-time employment.
  • Inconsistent work hours: Hourly workers may experience unpredictable work schedules, including shifts that vary in duration or irregular hours, which can upset work-life balance and make it difficult to maintain consistent routines.
  • Uncertain job security: Compared to salaried positions, job insecurity can be heightened in hourly positions due to their vulnerability to layoffs, downsizing, or changes in demand.
  • Limited career advancement: Limited opportunities for career growth, professional development, or upward mobility within the organization may be observed in certain hourly jobs.
It's important to note that these disadvantages may not apply universally and can vary depending on specific job circumstances and individual preferences.

Highest and Lowest Paying Jobs in Libya

What are the best paying jobs in Libya?

List with best paid jobs in LibyaDownload chartGet chart linkShare on FacebookShare on Twitter

Highest paying jobs Libya?

  1. Surgeon (USD 1,400)
  2. Doctor (USD 1,300)
  3. Chief Executive Officer (CEO) (USD 1,200)
  4. Registered Nurse Anesthetist (USD 1,200)
  5. Dentist (USD 1,100)
  6. Airline Pilot (USD 1,100)
  7. Intellectual Property Lawyer (USD 1,100)
  8. Marketing Manager (USD 890)
  9. Marketing Director (USD 890)
  10. Sales Director (USD 840)
  11. Sales Manager (USD 840)
  12. Petroleum Engineer (USD 830)
  13. Brand Manager (USD 810)
  14. Marketer (USD 810)
  15. Judge (USD 800)
  16. Treasurer (USD 790)
  17. Controller (USD 790)
  18. Pharmacist (USD 770)
  19. Tax Lawyer (USD 760)
  20. Lawyer (USD 760)
List with worst paid jobs in LibyaDownload chartGet chart linkShare on FacebookShare on Twitter

Lowest paying jobs Libya?

  1. Cashier (USD 150)
  2. Childcare Worker (USD 160)
  3. Stock clerk (USD 160)
  4. Elder Care Worker (USD 160)
  5. Receptionist (USD 170)
  6. Bartender (USD 180)
  7. Food and beverage server (USD 180)
  8. Janitor (USD 180)
  9. Waiter (USD 180)
  10. Tour Guide (USD 190)
  11. Customer Service Representative (USD 220)
  12. Hotel Concierge (USD 230)
  13. Rehabilitation Counselor (USD 230)
  14. Travel Agent (USD 250)
  15. Secretary (USD 250)
  16. Painter (USD 260)
  17. Carpenter (USD 270)
  18. Bus Driver (USD 280)
  19. Artist (USD 280)
  20. Truck Driver (USD 290)
List with best paid industries in LibyaDownload chartGet chart linkShare on FacebookShare on Twitter

Highest paying jobs by industry

  1. Healthcare (USD 860)
  2. Business and Management (USD 730)
  3. Marketing and Sales (USD 670)
  4. Engineering (USD 620)
  5. Law (USD 590)
  6. Accounting and Finance (USD 590)
  7. Computer and Information Technology (USD 570)
  8. Transportation and Logistics (USD 560)
  9. Science (USD 560)
  10. Education and Training (USD 460)
  11. Other (USD 340)
  12. Hospitality and Tourism (USD 290)
  13. Social Services (USD 240)
  14. Services (USD 220)