Arab Country Profiles

Libya

Country name : Libya
Capital : Tripoli
Area : 1,759,540 km²
Population : 6,453,194 (2018)
Population growth rate : 1.51% (2018)
Life expectancy at birth : 76.7 years (2017)
Age structure : 0-14 years : 25.84% - 15-64 years : 69.85% - 65 years and over : 4.31%
Urbanisation : 78.75% (2014)
Labour force : 1.114 million (2016)
Gross Domestic Product : $33.31 billion (2017)
GDP – real growth rate : 55.1% (2017)
GDP – composition by sector : agriculture : 1.3% - industry : 63.8% - services : 34.9%
GDP – per capita : $9.800 (2017)
Natural resources : petroleum, natural gas, gypsum
Industries : petroleum and petrochemicals, aluminium, iron and steel, food processing, textiles, cement
Industrial production growth rate : 76.5% (2017)
Land use : arable land : 1% - permanent crops : 0.2% – other : 98.8%
Agricultural products : wheat, barley, olives, dates, citrus, vegetables, peanuts, soybeans, cattle
Exports in general : $8.78 billion (2016)
Exports to Belgium : $24.41 million (2017)
Exports – commodities : crude oil, refined petroleum products, natural gas, chemicals
Exports – partners : Italy (39%), Germany (14), France (9.7), China (9.6), Spain (6.9) (2016)
Imports in general : $11.4 billion (2016)
Imports from Belgium : $105.26 million (2017)
Imports – commodities : machines, semi-finished goods, food, transport equipment, consumer goods
Imports – partners : China (17%), Italy (14), Turkey (12), Tunisia (7.3), France (6.7) (2016)
Current account balance : $591 billion (2017)
Budget : revenues : $16.33 billion - expenditures : $22.32 billion (2017)
Reserves of foreign exchange & gold : $69.35 billion (31 December 2017)

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