Source
Central bank

Central Bank of Libya

International Reserves

USD 73.9 billion (2015)

International Monetary Fund (IMF), data retrieved January 2017

Gross Domestic Product - GDP

USD 51.4 billion (2017, estimate)

GDP (Purchasing Power Parity)

Intl$ 105.6 billion (2017, estimate)

Real GDP growth
2006 2007 2008 2009 2010 2011 2012
6.5% 6.4% 2.7% -0.8% 5% -62.1% 104.5%
2013 2014 2015* 2016* 2017*    
-13.6% -24% -6.4% -3.3% 13.7%    

*Estimate

GDP per capita - current prices

USD 7,972.2 (2017, estimate)

GDP per capita - PPP

Intl$ 16,374.2 (2017, estimate)

GDP (PPP) - share of world total
1980 1990 2000 2010 2017*
0.60% 0.28% 0.19% 0.21% 0.08%

*Estimate

 
 
Source
GDP - composition by sector
  • agriculture: 1.9% 
  • industry: 43.2% 
  • services: 54.9%

(2016 estimate)

Gross domestic expenditure on R&D; (% of GDP)

N/A

Inflation
2013 2014 2015* 2016* 2017*
2.6% 2.8% 14.1% 14.2% 12.5%

*Estimate

Unemployment rate
2013 2014 2015 2016 2017
N/A N/A N/A N/A N/A

*Estimate

Household saving rates

N/A

 

Public debt (General government gross debt as a % of GDP)
2013 2014 2015* 2016* 2017*
3.7% 36.4% 73.8% 101.8% 100.2%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2013 2014 2015* 2016* 2017*
-4% -40.3% -52.5% -56.6% -43.8%

*Estimate

Government bond ratings

Standard & Poor's: N/A

Moody's: N/A

Standard & Poor's / Moody's (Updated January 2017)

Market value of publicly traded shares
2013 2014 2015
N/A N/A N/A
Largest companies in Libya

N/A

 
 
Source
Current account balance

US$ -16.25 billion (2014 estimate)

Current account balance by percentage of GDP

-27.709% of GDP (2014 estimate)

Exports as percent of GDP(Exports of goods and services)

N/A

 

Shares in world total merchandising export

0.34% (2012)

(Data were released in March 2014)

Shares in world total commercial services export

0% (2012)

(Data were released in 2014)

Total exports

US$ 38.45 billion (2013 estimate) 

Export commodities

crude oil, refined petroleum products, natural gas, chemicals

Total imports

US$ 27.15 billion (2013 estimate) 

 
 
Source
Import commodities

machinery, semi-finished goods, food, transport equipment, consumer products

Exports - major partners

Italy 23.3%, Germany 12.4%, China 11.2%, France 9.7%, Spain 7.6%, UK 4.7%, US 4.5% (2012)

Imports - major partners

China 13%, Turkey 11.6%, Italy 8.2%, Egypt 7.7%, Tunisia 6.6%, South Korea 5.8%, Greece 5.4%, Germany 4.6% (2012)

FDI inflows
2011 2012 2013
US$ 0 million US$ 1,425 million US$ 702 million
Value of cross-border M&A;, by country of purchaser
2010 2011 2012 2013
US$ 377 million US$ 0 million US$ 0 million US$ 0 million
Cross-border M&A; deals worth over $3 billion completed in 2012 (Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A

(for a monthly update on M&A; click here )

Cross-border M&A; deals worth over $3 billion completed in 2013(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A

(for a monthly update on M&A; click here )

Best countries for doing business World Bank/IFC Doing Business Project

Economies are ranked on their ease of doing business, from 1 - 189. A high ranking means the regulatory environment is more conducive to the starting and operation of a local firm.

Overall ranking:  187 out of 189 countires (2013)

Subcategories:

Starting a business: 171 out of 189 countries

Enforcing Contracts: 150 out of 189 countries

Registering Property: 189 out of 189 countries

Getting credit: 186 out of 189 countries

Protecting investors: 187 out of 189 countries

Trading across border: 143 out of 189 countries

Paying Taxes: 116 out of 189 countries

Dealing with Construction Permits: 189 out of 189 countries

Getting Electricity: 68 out of 189 countries

Resolving Insolvency: 189 out of 189 countries

(2013)

Global competitiveness ranking(ranking by country on a basis of 144, the first is the best)

126

(2014-2015)

 

 

Index of Economic FreedomWSJ and Heritage Foundation

Ranking: N/A Score: N/A 

(100=totally free 0=totally repressed )

 
 
Source
Time zone

UTC+1

Total area

1,759,540 sq km

Capital

Tripoli (Tarabulus)

Currency

Libyan dinars (LYD)

Government type

operates under a transitional government

Languages

Arabic (official), Italian, English (all widely understood in the major cities); Berber (Nafusi, Ghadamis, Suknah, Awjilah, Tamasheq)

Religions

Muslim (official; virtually all Sunni) 96.6%, Christian 2.7%, Buddhist 0.3%, Hindu <.1, Jewish <.1, folk religion <.1, unafilliated 0.2%, other <.1

Total population
1990 2000 2010 2014* 2019**
4.26 million 5.176 million 6.053 million 6.213 million 6.689 million

*Estimate    **Forecast

 
 
Source
Urban population as % of total population
1960 1980 2000 2013
27.3% 70% 76% 78%
Population median age

27.5 years (2014 est.)

Population growth rate

3.08% (2014 est.)

Life expectancy

76.04 years  (2014 est.)

Adult literacy

89.5% (2011 estimate)

% of population living on less than $2 a day

N/A

Inequality of wealth distribution (Gini index)

N/A

Freedom House rating

Political Rights: 4
Civil Liberties: 5 (2014)

(1 represents the most free, 7 the least free)

Total telephone subscribers as % of population

Fixed  12.7%   Mobile  165.0% (2013)
(fixed-telephone subscribers and mobile-cellular subscribers)

Internet users as % of total population

16.50% (2013)

Cost of living - Mercer index(ranking by city on a basis of 214; the 1st is the most expensive and the 214th is the least expensive)

N/A

CO2 emissions(Metric tons of CO2 per capita)

9.8 (2010)

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