Libya - State of Libya Member
State of Libya is located in North Africa and shares borders with Tunisia, Algeria, Niger, Chad, Sudan, Egypt, and the Mediterranean Sea.
Being ranked the 4th largest country in Africa by area and the 17th largest in the world, Libya is a major oil producer with the oil sector contributing practically to all export earnings and over one-quarter of GDP.
It is also an exporter of natural gas by both LNG and pipeline. The Government plans to significantly increase the country’s natural gas production, in order to expand the use of natural gas in the energy sector.
The non-oil manufacturing and construction sectors, which account for about 20% of the GDP, have expanded from processing mostly agricultural products to the production of petrochemicals, iron, steel, and aluminium.
|National currency||Libyan Dinar|
|Labor force (inhabitants)||2,403,613|
|GDP (current billion US$)||41.88|
|GDP per capita (current US$)||6,018.45|
|GDP growth (percentage)||31.37|
|Exports of Goods and Services (current billion US$)||8.61|
|Proven natural gas reserves (billion c.m.)||1,505|
|Natural gas marketed production (billion c.m.)||23.68|
|Pipeline exports (billion c.m.)||3.09|
|LNG exports (billion c.m.)||0|
|Domestic natural gas consumption (billion c.m.)||8.96|