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Average Salary in Libya 2020

How much money does a person working in Libya make?


Average Monthly Salary
3,740 LYD
( 44,900 LYD yearly)

LOW
510
LYD
AVERAGE
3,740
LYD
HIGH
16,600
LYD

A person working in Libya typically earns around 3,740 LYD per month. Salaries range from 510 LYD (lowest average) to 16,600 LYD (highest average, actual maximum salary is higher).

This is the average monthly 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.

Distribution of Salaries in Libya

Median and salary distribution monthly Libya
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The median, the maximum, the minimum, and the range

  • Salary Range

    Salaries in Libya range from 510 LYD per month (minimum salary) to 16,600 LYD per month (maximum average salary, actual maximum is higher).

  • Median Salary

    The median salary is 3,740 LYD per month, which means that half (50%) of the population are earning less than 3,740 LYD while the other half are earning more than 3,740 LYD. The median represents the middle salary value. Generally speaking, you would want to be on the right side of the graph with the group earning more than the median salary.

  • Percentiles

    Closely related to the median are two values: the 25th and the 75th percentiles. Reading from the salary distribution diagram, 25% of the population are earning less than 1,910 LYD while 75% of them are earning more than 1,910 LYD. Also from the diagram, 75% of the population are earning less than 10,200 LYD while 25% are earning more than 10,200 LYD.


What is the difference between the median and the average salary?

Both are indicators. If your salary is higher than both of the average and the median then you are doing very well. If your salary is lower than both, then many people are earning more than you and there is plenty of room for improvement. If your wage is between the average and the median, then things can be a bit complicated. We wrote a guide to explain all about the different scenarios. How to compare your salary

Salary Comparison by Years of Experience

How does a person's salary progress over time?

Salary Comparison By Experience Level
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The experience level is the most important factor in determining the salary. Naturally the more years of experience the higher the wage.

Generally speaking, employees having experience from two to five years earn on average 32% more than freshers and juniors across all industries and disciplines.

Professionals with experience of more than five years tend to earn on average 36% more than those with five years or less of work experience.


Change in salary based on experience varies drastically from one location to another and depends hugely on the career field as well. The data displayed here is the combined average of many different jobs. To view accurate figures, choose a specific job title.

As you hit the ten years mark, the salary increases by 21% and an additional 14% for those who have crossed the 15 years mark.

Those figures are presented as guidelines only. The numbers become more significant if you consider one job title at a time.

On average, a person's salary doubles their starting salary by the time they cross the 10 years* experience mark.
* Based on the average change in salary over time. Salary variations differ from person to person.

Salary Comparison By Education

How does the education level affect your salary?

Salary Comparison By Education
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It is well known that higher education equals a bigger salary, but how much more money can a degree add to your income? We compared the salaries of professionals at the same level but with different college degrees levels across many jobs, below are our findings.


Change in salary based on education varies drastically from one location to another and depends hugely on the career field as well. The data displayed here is the combined average of multiple jobs. To view accurate figures, choose a specific job title.

Workers with a certificate or diploma earn on average 17% more than their peers who only reached the high school level.

Employees who earned a Bachelor's Degree earn 24% more than those who only managed to attain a cerificate or diploma.

Professionals who attained a Master's Degree are awarded salaries that are 29% more than those with a Bachelor's Degree.

Finally, PhD holders earn 23% more than Master's Degree holders on average while doing the same job.


Is a Master's degree or an MBA worth it? Should you pursue higher education?

A Master's degree program or any post-graduate program in Libya costs anywhere from 18,700 Libyan Dinar(s) to 56,200 Libyan Dinar(s) and lasts approximately two years. That is quite an investment.

You can't really expect any salary increases during the study period, assuming you already have a job. In most cases, a salary review is conducted once education is completed and the degree has been attained.

Many people pursue higher education as a tactic to switch into a higher paying job. The numbers seem to support this tactic. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.

The decision really depends on your situation and experience among many other factors. Putting all variables aside, if you can afford the costs of higher education then the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.



Salary Comparison By Gender

Salary comparison by gender monthly Libya
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Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? Male employees in Libya earn 9% more than their female counterparts.

Female
3,550 LYD
Male+9%
3,880 LYD
Percentage increase and decrease are relative to the previous value

Average Annual Salary Increment Percentage in Libya

How much are annual salary increments in Libya? How often do employees get salary raises?

Libya

Employees in Libya are likely to observe a salary increase of approximately 5% every 28 months.

Annual Salary Increment Rate Libya
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The figures provided here are averages of numbers. Those figures should be taken as general guidelines. Salary increments will vary from person to person and depend on many factors, but your performance and contribution to the success of the organization remain the most important factors in determining how much and how often you will be granted a raise.

The term 'Annual Salary Increase' usually refers to the increase in 12 calendar month period, but because it is rarely that people get their salaries reviewed exactly on the one year mark, it is more meaningful to know the frequency and the rate at the time of the increase.

How to calculate the salary increment percentage?

The annual salary Increase in a calendar year (12 months) can be easily calculated as follows: Annual Salary Increase = Increase Rate x 12 ÷ Increase Frequency

The average salary increase in one year (12 months) in Libya is 2%.

Annual Increment Rate By Industry 2019

Banking
5%
Energy
1%
Information Technology
6%
Healthcare
2%
Travel
7%
Construction
3%
Education
8%

Listed above are the average annual increase rates for each industry in Libya for the year 2019. Companies within thriving industries tend to provide higher and more frequent raises. Exceptions do exist, but generally speaking, the situation of any company is closely related to the economic situation in the country or region. These figures tend to change frequently.


Average Salary Increase Rate by Experience Level

Junoir Level
3% - 5%
Mid-Career
6% - 9%
Senior Level
10% - 15%
Top Management
15% - 20%

The difference in increment rates is somehow justified because employers put more effort to retain more experienced staff since they are harder to acquire than less experienced ones.

Worldwide Salary Raises: All Countries and All Jobs

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Bonus and Incentive Rates in Libya

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Libya
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65% of surveyed staff in Libya reported that they haven't received any bonuses or incentives in the previous year while 35% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 3% to 6% of their annual salary.

Received Bonus
35%
No Bonus
65%

Types of Bonuses Considered

Individual Performance-Based Bonuses

The most standard form of bonus where the employee is awarded based on their exceptional performance.

Company Performance Bonuses

Occasionally, some companies like to celebrate excess earnings and profits with their staff collectively in the form of bonuses that are granted to everyone. The amount of the bonus will probably be different from person to person depending on their role within the organization.

Goal-Based Bonuses

Granted upon achieving an important goal or milestone.

Holiday / End of Year Bonuses

These types of bonuses are given without a reason and usually resemble an appreciation token.

Bonuses Are Not Commissions!

People tend to confuse bonuses with commissions. A commission is a prefixed rate at which someone gets paid for items sold or deals completed while a bonus is in most cases arbitrary and unplanned.


Bonus Rates Comparison by Career Field

Finance
High
Architecture
High
Sales
High
Business Development
High
Marketing / Advertising
High
Information Technology
Moderate
Healthcare
Moderate
Insurance
Moderate
Customer Service
Moderate
Human Resources
Moderate
Construction
Low
Transport
Low
Hospitality
Low

What makes a position worthy of good bonuses and a high salary?

The main two types of jobs

Revenue GeneratorsSupporting Cast

Employees that are directly involved in generating revenue or profit for the organization. Their field of expertise usually matches the type of business.

Employees that support and facilitate the work of revenue generators. Their expertise is usually different from that of the core business operations.

Example:
A graphics designer working for a graphics designing company.

Example:
A graphic designer in the marketing department of a hospital.


Revenue generators usually get more and higher bonuses, higher salaries, and more frequent salary increments. The reason is quite simple: it is easier to quantify your value to the company in monetary terms when you participate in revenue generation.

Try to work for companies where your skills can generate revenue. We can't all generate revenue and that's perfectly fine.

Bonus Comparison by Seniority Level

Top management personnel and senior employees naturally exhibit higher bonus rates and frequencies than juniors. This is very predictable due to the inherent responsibilities of being higher in the hierarchy. People in top positions can easily get double or triple bonus rates than employees down the pyramid.

Government vs Private Sector Salary Comparison

Public vs private sector salaries monthly Libya
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Where can you get paid more, working for a private company or for the government? Public sector employees in Libya earn 7% more than their private sector counterparts.

Private Sector
3,590 LYD
Public Sector+7%
3,860 LYD
Percentage increase and decrease are relative to the previous value

Salary Trend and Forecast in Libya

How are Libya salaries changing over time? The chart below shows the average salary change in the past few years.

Salary trends and forecast monthly Libya
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Average Salary 2016
3,380 LYD
Average Salary 2017+4%
3,510 LYD
Average Salary 2018+3%
3,590 LYD
Average Salary 2019+1%
3,640 LYD
Percentage increase and decrease are relative to the previous value

Salaries in Libya are on the rise in the year 2020 based on recent submitted salaries and reports. As displayed in the chart, salaries in 2019 are 1% higher than those of 2018. The trend suggests a slow yet continuous increase in pay in 2021 and future years. These numbers may vary from industry to another.

Salaries for popular jobs

Job TitleAverage Salary
Accounting and Finance
Accountant2,570 LYD
Accounting Assistant2,530 LYD
Accounting Manager4,830 LYD
Bookkeeper2,080 LYD
Chartered Accountant3,200 LYD
Corporate Treasurer6,550 LYD
Financial Analyst4,070 LYD
Financial Manager7,610 LYD
Internal Auditor3,890 LYD

Administration / Reception / Secretarial
Administrative Assistant2,060 LYD
Office Manager2,660 LYD
Receptionist2,630 LYD
Secretary2,060 LYD

Advertising / Grapic Design / Events
Art Director3,600 LYD
Creative Director3,940 LYD
Graphic Designer2,700 LYD
Photographer2,510 LYD

Airlines / Aviation / Aerospace / Defense
Aerospace Engineer4,180 LYD
Air Traffic Controller3,980 LYD
Flight Attendant3,270 LYD
Pilot4,550 LYD

Architecture
Architect3,550 LYD
CAD Drafter2,930 LYD

Automotive
Mechanic2,090 LYD
Service Advisor2,960 LYD

Banking
Bank Branch Manager5,410 LYD
Teller2,610 LYD

Bilingual
Teacher2,760 LYD
Translator3,200 LYD

Business Planning
Business Analyst4,640 LYD
Business Development Manager5,840 LYD
Project Manager4,360 LYD

Care Giving and Child Care
Nanny2,300 LYD
Nursery Teacher2,680 LYD

Construction / Building / Installation
Civil Engineer3,350 LYD
Construction Project Manager4,490 LYD
Health and Safety Officer2,490 LYD

Customer Service and Call Center
Call Center Representative2,640 LYD
Customer Service Manager5,030 LYD
Customer Service Representative2,740 LYD

Engineering
Electrical Engineer3,870 LYD
Engineer3,380 LYD
Mechanical Engineer3,780 LYD

Executive and Management
Chief Executive Officer8,940 LYD
Chief Financial Officer7,680 LYD
General Manager6,710 LYD

Food / Hospitality / Tourism / Catering
Chef3,170 LYD
Executive Chef3,230 LYD
Hotel Manager5,370 LYD
Travel Agent3,090 LYD
Waiter / Waitress2,330 LYD

Health and Medical
Dentist8,800 LYD
Dietitian8,920 LYD
Laboratory Technician2,900 LYD
Nurse2,920 LYD

Human Resources
Human Resources Manager5,070 LYD
Human Resources Officer2,960 LYD

Information Technology
Computer Technician2,970 LYD
Database Administrator3,880 LYD
Developer / Programmer3,240 LYD
Information Technology Manager5,590 LYD
Network Engineer3,400 LYD

Law Enforcement / Security / Fire
Police Officer3,100 LYD

Legal
Attorney5,640 LYD
Legal Assistant2,590 LYD

Media / Broadcasting / Arts / Entertainment
Journalist3,800 LYD

Pharmaceutical and Biotechnology
Biomedical Engineer3,070 LYD
Pharmacist4,250 LYD

Sales Retail and Wholesale
Cashier2,060 LYD
Sales Manager5,790 LYD
Sales Representative2,460 LYD

Teaching / Education
Elementary School Teacher2,640 LYD
Secondary School Teacher3,070 LYD

Average Hourly Wage in Libya


22 LYD per hour

The average hourly wage (pay per hour) in Libya is 22 LYD. This means that the average person in Libya earns approximately 22 LYD for every worked hour.


Hourly Wage = Annual Salary ÷ ( 52 x 5 x 8 )

The hourly wage is the salary paid in one worked hour. Usually jobs are classified into two categories: salaried jobs and hourly jobs. Salaried jobs pay a fix amount regardless of the hours worked. Hourly jobs pay per worked hour. To convert salary into hourly wage the above formula is used (assuming 5 working days in a week and 8 working hours per day which is the standard for most jobs). The hourly wage calculation may differ slightly depending on the worked hours per week and the annual vacation allowance. The figures mentioned above are good approximations and are considered to be the standard. One major difference between salaried employees and hourly paid employees is overtime eligibility. Salaried employees are usually exempt from overtime as opposed to hourly paid staff.

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