Questions
Questions on the economy of Libya
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What is the GDP of Libya?
44.7 bn$ in 2025 (IMF, current dollars): no. 17 of 53 African economies.
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What is the economic growth of Libya?
Real GDP growth of +15.9 % in 2025 (IMF estimate). The IMF projects +3.3 % for 2026.
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What GDP does the IMF project for Libya in 2030?
48.2 bn$ in 2030 according to the IMF projections, against 44.7 bn$ in 2025: real growth of 2.7 % a year on average.
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Is Libya a rich country?
GDP per capita of 5,998 $ in 2025, well above the African median (1,768 $): no. 7 of 53 in Africa per person (IMF).
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How many people live in Libya?
7.5 M inhabitants in 2025 (IMF): no. 35 in Africa by population.
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What is the inflation rate in Libya?
1.8 % in 2025, average annual change in consumer prices (IMF). Projection for 2026: 14.1 %.
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Is Libya highly indebted?
Public debt of 153.8 % of GDP in 2025, against a median of 53.2 % in Africa: no. 2 of 52 from the most indebted (IMF).
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What is the currency of Libya?
Its currency: Libyan dinar (LYD).
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What does Libya export?
In 2024, mostly: Oil, gas, coal (95.9 %), Iron and steel (1.5 %), Organic chemicals (0.7 %). First client: Italy (CEPII, BACI).
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What share of the population of Libya has electricity?
77.4 % of the population in 2024 (World Bank).
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Answers written from the latest figures of the IMF, the World Bank, CEPII, the rating agencies and the IMF-World Bank debt analyses. Method and sources