Imports$10.32 billion (2011 est.)
Exports$16.46 billion (2011 est.)
Inflation rate (consumer prices)15.9% (2011 est.)
Unemployment rate30% (2004 est.)
GDP - per capita (PPP)$14,100 (2010 est.)
National product real growth rate3.3% (2010 est.)
Internet users353,900 (2009)
Telephones - mobile cellular10.9 million (2009)
Population growth rate2.007% (2012 est.)
Population6,733,620 (July 2012 est.)
The Italians supplanted the Ottoman Turks in the area around Tripoli in 1911 and did not relinquish their hold until 1943 when defeated in World War II.
Libya then passed to UN administration and achieved independence in 1951.
Following a 1969 military coup, Col....
The Libyan economy depends primarily upon revenues from the oil sector, which contribute about 95% of export earnings, 25% of GDP, and 80% of government revenue.
The weakness in world hydrocarbon prices in 2009 reduced Libyan government tax income and constrained economic growth.
Substantial revenues from the energy sector coupled with a small population give Libya one of the highest per capita GDPs in Africa, but little of this income flows down to the lower orders of society....
The Economist Intelligence Unit
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This report contains detailed forecasts and analysis for Libya, including trade and investment analysis, economic forecasts, political risk assessments and demographic trend analysis. Each ISA Country ...