Libya Economic Outlook

  • Libya recorded an economic downturn in the second half of 2013, mainly due to disruptions to oil production caused by the mounting protests at the country’s major oilfields and export terminals. Oil production should gradually resume and boost GDP growth in 2014/15.
  • Regional and tribal factions, as well as expanding militia activities, pose an increasing challenge to the authorities and their management of strategic hydrocarbon earnings, as well as diverting attention away from constitutional and socio-economic reforms.
  • Participation in global value chains is hampered by lack of diversification, a poorly developed private sector, infrastructure limitations and the regulatory environment.


Department North Africa Region

Director North Africa Region, Mr. Jacob Kolster

African Development Bank Group
Immeuble Zahrabed
Avenue du Dollar, Les Berges Du Lac II, Tunis 1053, Tunisia

Tel: (+216) 71102953
Fax: (+216) 71194523


Key Facts

Capital: Tripoli
Area: 1,760,000 sq km
Total Population 2013: 6.2 Million
Urban Population 2013: 78.06%
Female Population 2013: 49.99%
GDP: US$ 82.3 Billion
GNI Per Capita 2013: -
Inflation Rate: 4.00%
Crude Birth Rate (per 1000): 20.69%
Human Development Index (rank / 187): 64
Human Development Index (scale 0 to 1): 0.769
Membership Date: 21/07/1972
Cumulative Approvals (1967-2013): UA 0.6 Million

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