Countries With Highest GDP Growth 2017

Developing Asian and African countries still lead with fastest GDP growth in the world. Panama takes the first position among countries from the rest of the world, despite its economic slowdown. 

 
 
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

N/A

 
 
Source
Current account balance

USD -19.0 billion (2017 estimate)

Current account balance by percentage of GDP

-36.9% (2017 estimate)

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

54.8% (2011)

Shares in world total merchandising export

0.06% (2015)

Shares in world total commercial services export

0.002% (2014)

Total exports

USD 10.7 billion (2016 estimate)

Export commodities

Crude oil, refined petroleum products, natural gas, chemicals

Total imports

USD 9.6 billion (2016 estimate)

 
 
Source
Import commodities

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

Exports - major partners

Italy 32.1%, Germany 11.3%, China 8%, France 8%, Spain 5.6%, Netherlands 5.4%, Syria 5.3% (2015)

Imports - major partners

China 14.8%, Italy 12.9%, Turkey 11.1%, Tunisia 6.5%, France 6.1%, Spain 4.6%, Syria 4.5%, Egypt 4.4%, South Korea 4.3% (2015)

FDI inflows
2013 2014 2015
USD 702 million USD 50 million USD 726 million
FDI outflows
2013 2014 2015
USD 6.0 million USD 78.0 million USD 864.3 million
Value of cross-border M&A, by country of purchaser
2012 2013 2014 2015
N/A N/A N/A N/A
Cross-border M&A deals worth over $3 billion completed in 2014

N/A

Cross-border M&A deals worth over $3 billion completed in 2015

N/A

Best countries for doing business

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

Overall ranking: 188 out of 190 countries (2017)

Subcategories:

Starting a business: 163 out of 190 countries

Enforcing Contracts: 143 out of 190 countries

Registering Property: 187 out of 190 countries

Getting Credit: 185 out of 190 countries

Protecting Minority Investors: 185 out of 190 countries

Trading Across Borders: 114 out of 190 countries

Paying Taxes: 121 out of 190 countries

Dealing with Construction Permits: 187 out of 190 countries

Getting Electricity: 128 out of 190 countries

Resolving Insolvency: 169 out of 190 countries

Global competitiveness ranking

N/A

Index of Economic Freedom

N/A

 
 
Source
Time zone

UTC+2

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 <0.1, Jewish <0.1, folk religion <0.1, unafilliated 0.2%, other <0.1
(2010 est.)

Total population
1990 2000 2010 2016* 2021*
4.26 million 5.18 million 6.041 million 6.385 million 6.71 million

*Estimate 

 
 
Source
Urban population as % of total population
1960 1980 2000 2015
27% 70% 76% 79%
Population median age

28.5 years (2016 estimate)

Population growth rate

1.8% (2016 estimate)

Life expectancy

76.5 years (2016 estimate)

Literacy

Total population: 91%
Male: 96.7%
Female: 85.6% (2015 est.)

(age 15 and over can read and write)

% of population living on less than $3.10 a day

N/A

Inequality of wealth distribution (Gini index)

N/A

Freedom House rating

Political Rights: 7
Civil Liberties: 6 (2017)                         

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

Source
Total telephone subscribers as % of population

Fixed 10.00%   Mobile 157.00% (2015)
(fixed-telephone subscribers and mobile-cellular subscribers)

Internet users as % of total population

19.02% (2015)

Mercer Cost of living index

N/A

CO2 emissions

8.1 (2013)

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