Middle East Oil & Gas: Iranian Win?

MIDDLE EAST 2014 SUPPLEMENT By Ronald Fink Some analysts think the Ukrainian crisis could help improve prospects for Middle Eastern oil producers—pushing up prices and driving development of recent finds as a result. The crisis in Ukraine sent global energy ...

 
 
Source
Central bank

Central Bank of Libya

International Reserves

US$ 119.714 billion (Source: World Bank; Data updated: 2013)

Gross Domestic Product - GDP

US$ 59 billion (2014 estimate)

GDP (Purchasing Power Parity)

66 billion of International dollars (2014 estimate)

Real GDP growth
2003 2004 2005 2006 2007 2008 2009 2010
13% 4.4% 11.9% 6.5% 6.4% 2.7% -0.8% 5.0%
2011 2012 2013 2014*        
-62.1% 104.5% -9.4% -7.8%        

*Estimate

GDP per capita - current prices

US$ 9,439 (2014 estimate)

GDP per capita - PPP

$10,604 International Dollars (2014 estimate)

GDP (PPP) - share of world total
1980 1990 2000 2010 2014*
0.36% 0.17% 0.12% 0.13% 0.07%

*Estimate

 
 
Source
GDP - composition by sector
  • agriculture: 2% 
  • industry: 58.3% 
  • services: 39.7% (2013 estimate)
Gross domestic expenditure on R&D; (% of GDP)

N/A

Inflation
2011 2012 2013 2014*
15.9% 6.1% 2.6% 4.8%

*Estimate

Unemployment rate
2011 2012 2013 2014*
N/A N/A N/A N/A

*Estimate

Household saving rates

N/A

 

Public debt (General government gross debt as a % of GDP)
2010 2011 2012 2013 2014*
0% 0% 0% 0% 0%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2010 2011 2012 2013 2014*
17.2% -6.6 25.9% 1.6% -29.0%

*Estimate  

Government bond ratings

Standard & Poor's: N/A

Moody's rating: N/A

Moody's outlook: N/A

(Foreign Currency Government Bond Ratings; Data last updated Sept 2014)

Market value of publicly traded shares
2009 2010 2011
N/A N/A N/A
Largest companies in Libya

N/A

 
 
Source
Current account balance

US$ -16.25 billion (2014 estimate)(After 2008)

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 - 185. A high ranking means the regulatory environment is more conducive to the starting and operation of a local firm.)

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
Total area

1,759,540 km2 (2006)

Capital

Tripoli (Tarabulus) (2009)

Currency

Libyan dinars (LYD) (2009)

Government type

Jamahiriya (a state of the masses) in theory, governed by the populace through local councils; in practice, an authoritarian state (2009)

Languages

Arabic, Italian, English, all are widely understood in the major cities

Religions

Sunni Muslim 97%, other 3%

Total population
1980 1990 2000 2012* 2017**
3.04 million 4.33 million 5.31 million 6.61 million 7.3 million

*Estimate    **Forecast

 
 
Source
Urban population as % of total population
1960 1980 2000 2011
27.3% 70.1% 76.4% 77.7%
Population median age

26 years (2010)

Population growth rate

1.1% (2011)

Life expectancy

75 years (2010)

Adult literacy

89% (2005/2010)

% of population living on less than $2 a day

N/A

Inequality of wealth distribution (Gini index)

N/A

(Data were released in 2011, 0=perfect equality, 100=absolute inequality)

Freedom House rating

Political Rights:7
Civil Liberties:6 (2011)

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

Source
Total telephone subscribers as % of population

171.27% (2011)

(sum of fixed telephone lines and mobile cellular subscribers)

Internet users as % of total population

17% (Data were released in 2012 and refer to 2011)

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)

Tripoli: 190th (2011)

Source
CO2 emissions(Metric tons of CO2 per capita)

10.0395 (Data were released in 2012 and refer to 2009)

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