Libya

Libya

We offer a data-driven country report for Libya that explores inter alia population, international trading relationships, energy consumption, GDP growth, current account balances, and R&D investment. Additionally, CFI quotes from the Big Mac Index (courtesy of The Economist) which gives a rough idea of purchasing power parity. Other authoritative sources include The United Nations Conference on Trade and Development, The World Bank, and The International Money Fund. Visit us regularly for updates and new sources of key economic information on Libya.

Its population in 2018 was 6,470,956 [1]

In 2015, 1.97% of its total energy
consumption was renewable [2]

In 2021, its GDP grew by 31.37% [2]

In 2021 it had a positive Current
Account Balance of US$bn 6.99 [3]



What free trade areas or economic unions is it a member of?

Member of the Euro-Mediterranean partnership (EuroMed) since 28/11/1995

Other members:

Algeria, Egypt, Israel, Jordan, Lebanon, Morocco, State of Palestine, Syrian Arab Republic, Tunisia, Türkiye


What trade deals are there between Euro-Mediterranean partnership and other countries and economic unions?

None


What trade deals are there with other countries and economic unions?

Pan-Arab Free Trade Area (from 01/01/1998)

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The unprecedented surge of refugees streaming into Europe is no doubt due to the ongoing wars in Syria and Iraq and the unstable situation in Libya. However, refugees were arriving
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World Bank MENA Chief Economist: Towards a New Social Contract in the Middle East and North Africa

By Shanta Devarajan A snapshot of the Middle East and North Africa (MENA) Region today reveals a diverse and discouraging picture (Figure 1). Syria, Iraq, and Libya are suffering from
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UN Reports Potential for Gradual Return to Global Growth, Foresees Risks, Uncertainties

Global economic growth is forecast to continue increasing over the next two years, the United Nations reported today, despite legacies from the financial crisis continuing to weigh on growth, and
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Making Every Drop Count: Reducing Water Loss in the Middle East and North Africa Region

The problem of water loss has become an even greater challenge for public utilities throughout the Middle East and North Africa region due to climate change, which threatens natural water
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Revenue Watch: 4 out of 5 Companies Fail in Good Governance

The Resource Governance Index (RGI) measures the quality of governance in the oil, gas and mining sector of 58 countries. From highly ranked countries like Norway, the United Kingdom and
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IMF | Gulf Cooperation Council: Economic Prospects and Policy Challenges for the GCC Countries

Executive Summary The already sluggish global recovery has suffered new setbacks and uncertainty weighs heavily on prospects. The euro area crisis intensified in the first half of 2012 and growth
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MIGA (World Bank): During the Storm – Shift from North to South FDI

By Manabu Nose and Moritz Zander[1] At MIGA (the Multilateral Investment Guarantee Agency) we see the principal near-term risks for emerging market foreign direct investment (FDI) on the supply-side of
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Trade with the United Kingdom

Source: UK Office for National Statistics, October 2022.

Contains public sector information licensed under the Open Government Licence v3.0.

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