Economy of Libya

Imports

Imports commoditiesmachinery, semi-finished goods, food, transport equipment, consumer products

Import partnersChina 13%, Turkey 11.6%, Italy 8.2%, Egypt 7.7%, Tunisia 6.6%, South Korea 5.8%, Greece 5.4%, Germany 4.6% (2012)

Exports

Exports commoditiescrude oil, refined petroleum products, natural gas, chemicals

Export partnersItaly 23.3%, Germany 12.4%, China 11.2%, France 9.7%, Spain 7.6%, UK 4.7%, US 4.5% (2012)

Economy sectors

Agriculture productswheat, barley, olives, dates, citrus, vegetables, peanuts, soybeans; cattle

Industrial productspetroleum, petrochemicals, aluminum, iron and steel, food processing, textiles, handicrafts, cement

Economy

Unemployment8.90 % (2012)8.10 % (2011)8.60 % (2010)

GDP - Official Exchange Rate70.9 Billion $ (2013)80.8 Billion $ (2012)34.7 Billion $ (2011)

GDP growth rate-5.10 % (2013)105 % (2012)-59.70 % (2011)

GDP per Capita (PPP)11,300 $ (2013)11,900 $ (2012)6,100 $ (2011)

GDP - Purchasing Power Parity73.6 Billion $ (2013)76.5 Billion $ (2012)39.6 Billion $ (2011)

GDP PPP per land area41,829 $ per square kilometer (2013)43,489 $ per square kilometer (2012)22,517 $ per square kilometer (2011)

Electricity

Banking

Central bank discount rate9.52 % (2010)3.00 % (2009)5.00 % (2008)

Commercial bank prime lending rate6.00 % (2013)6.00 % (2012)6.00 % (2011)

GDP decomposition by sector

Agriculture % of GDP2.00 % (2013)1.60 % (2012)

Industry % of GDP58.3 % (2013)43.6 % (2012)

Services % of GDP39.7 % (2013)54.8 % (2012)

Tourism

International tourism, number of arrivals34,000 (2008)38,000 (2007)42,000 (2006)

Debt, Current Account Balance and Budget Deficit

Public debt (Percentage of GDP)4.80 % of GDP (2013)4.10 % of GDP (2012)4.30 % of GDP (2011)

Current Account Balance (Percentage of GDP)29.1 % of GDP (2012)9.20 % of GDP (2011)22.5 % of GDP (2010)

Current Account Balance (Total)2.73 Billion $ (2013)27.2 Billion $ (2012)4.00 Billion $ (2011)

External Debt (Total)6.32 Billion $ (2013)5.28 Billion $ (2012)4.74 Billion $ (2011)

External Debt (Percentage of GDP)8.91 % of GDP (2013)6.53 % of GDP (2012)13.7 % of GDP (2011)

External Debt per Capita1,012 $ (2013)858 $ (2012)719 $ (2011)