Business Guide# LIBYA - Africa Analysis, April 6
Population (2000): 5.6m
GDP (1999): $44bn (est.)
Real growth (2000): $6.5%
GNP per capita (1999): $6,660 (est.)
Life expectancy (yrs.): 70
Foreign Debt: $4bn
Forex reserves: $10.236m
TRADE Total exports (1999): $13,413m
Total imports (1999): $7,744m
Main exports: Oil and products
Main suppliers (% market share): Italy 23.7, Germany 12.0, Britain 6.9, France 6.3
NOTES Analysts surprised as Colonel Qadhafi encourages foreign investment,
especially 50% stake in General Post and Telecommunication Company;
relations with the West improve after Lockerbie trial verdict, some
think US oil interests may lobby for lifting sanctions; opportunities in
keynote oil sector. Oil production now some 150m b/d, driving real
GDP growth, officially forecast for 6.2% into 2002. But farming, crops
and livestock main activity in rural Libya, vulnerable to sporadic drought,
poor irrigation.
...
Sources: IMF, World Bank, Economist Intelligence Unit, donors, governments,
Investment Insurance International, UNFPA, Coface, Moci |
