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Libyan Arab Jamahiriya

Libyan Arab Jamahiriya : economy statistics and industry reports

  • Updated on : 27 August 2012  Source : The World Factbook

Imports

$10.32 billion (2011 est.)
$24.56 billion (2010 est.)

Exports

$16.46 billion (2011 est.)
$48.94 billion (2010 est.)

Inflation rate (consumer prices)

15.9% (2011 est.)
2.5% (2010 est.)

Unemployment rate

30% (2004 est.)

GDP - per capita (PPP)

$14,100 (2010 est.)
$14,900 (2010 est.)
note: $14,800 (2009 est.)

National product real growth rate

3.3% (2010 est.)
-0.7% (2009 est.)
2.7% (2008 est.)

Internet users

353,900 (2009)

Telephones - mobile cellular

10.9 million (2009)

Population growth rate

2.007% (2012 est.)

Population

6,733,620 (July 2012 est.)
note: includes 166,510 non-nationals

Historical background

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.

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Libyan Arab Jamahiriya

Economic overview

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.

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The Economist Intelligence Unit

Country Forecast Libya January 2018 Updater

Country Forecast Libya January 2018 Updater

  • $ 559
  • Country report
  • January 2018
  • by The Economist Intelligence Unit

A new UN-led initiative to form a unity government and then move towards elections is expected to progress, with major delays, in 2019, following the likely appointment of a powerful Qadhafi-era general, ...

  • Countries : Libyan Arab Jamahiriya

MarketLine

Libya: In-depth PEST insights

PEST Country Analysis Report on Libya

  • $ 350
  • Country report
  • May 2017
  • by MarketLine

Libya: In-depth PEST insightsSummaryThis PEST country analysis report on Libya provides a holistic view of the country, with insightful analysis of current and future issues, supplemented with relevant ...

  • Countries : Libyan Arab Jamahiriya

Oxford Economics

Country Economic Forecasts > Libya

Country Economic Forecasts > Libya

  • $ 163
  • Country report
  • November 2017
  • by Oxford Economics

A new round of talks to reach a political deal to unite the country was initiated by the UN in September. But scepticism is warranted as there is no sign that the Libya National Army leader has softened ...

  • Countries : Libyan Arab Jamahiriya

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