20231012 · Despite the numerous challenges facing the country, the Libyan economy could recover by leveraging Libya’s substantial financial resources, building on four critical pillars. The first is reaching a sustainable political agreement on the future of Libya.
view more2021316 · Libya, a Decade after Gaddafi’s Fall. Ten years ago, protests in Libya against Muammar Gaddafi’s government tipped into an armed uprising which resulted, with the help of a NATO-led intervention, in the collapse of his 42-year old regime. The decade since has been marked by political, security, and economic volatility.
view moreAn Introduction to Libya.- Libya's Foreign Policy and External Relations.- The Libyan Legal System and Key Recent Legislation.- Social Policy and Trends.- Infrastructure in Libya.- The Rationale for Libyan Privatization.- Libya's Investment Potential and Trade Blocs.- Economic Reform and Diversification.- The Libyan Energy and Mining Sector.- Libyan …
view more2022831 · Notwithstand- ing the tempering of conflict intensity since 2021, the Libyan economy has been battered by the conflict. GDP per capita estimates in 2021 stood at about half of its value in 2010 before the start of the conflict. Since 2020, the population has been hit by multiple waves of the COVID-19 pandemic.
view more1 · Annual percentage growth rate of GDP at market prices based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making …
view moreBecause of Libya's great dependence on oil revenues, the general level of the Libyan economy is closely related to the health of the petrochemical industry. Despite massive investment in agriculture and nonpetroleum-related industry, the percentage of Libya's gross domestic product (GDP) derived from oil has remained fairly constant since the early …
view more2023727 · libya’s economy continued to be heavily dependent on the hydrocarbon sector in 2019. The mining sector, which encompassed the production of crude petroleum, natural gas, and refined petroleum products, and quarrying and mining, contributed 57% of the GDP in 2014 (the latest year for which comprehensive information was available).
view more202425 · We expect growth in Libya will moderate from an estimated 19.5% in 2023 to 9.5% in 2024, in part due to less favourable statistical base effects. Robust growth will be sustained by a gradual increase in oil production and exports, with oil sector revenues supporting growth in public spending and investment. Risks remain tilted to the downside ...
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