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Country Report Libya January 2011
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HTMLOutlook for 2011-15: Forecast summary
| Forecast summary | ||||||
| (% unless otherwise indicated) | ||||||
| 2010a | 2011b | 2012b | 2013b | 2014b | 2015b | |
| Real GDP growth | 3.3 | 3.8 | 4.0 | 3.9 | 3.8 | 3.5 |
| Oil production ('000 b/d) | 1,551 | 1,601 | 1,649 | 1,697 | 1,739 | 1,775 |
| Oil exports (US$ bn) | 45.2 | 47.9 | 49.1 | 48.3 | 47.4 | 45.3 |
| Consumer price inflation (av) | 2.5 | 4.0 | 2.9 | 2.7 | 3.1 | 3.2 |
| Consumer price inflation (end-period) | 4.0 | 3.9 | 1.8 | 3.2 | 3.1 | 3.2 |
| Deposit rate | 2.5 | 3.0 | 3.5 | 4.0 | 4.0 | 4.0 |
| Government balance (% of GDP) | 9.1 | 10.9 | 12.1 | 11.7 | 11.6 | 10.5 |
| Exports of goods fob (US$ bn) | 46.5 | 49.2 | 50.5 | 49.7 | 48.9 | 46.9 |
| Imports of goods fob (US$ bn) | 24.6 | 26.1 | 27.4 | 29.2 | 30.9 | 32.7 |
| Current-account balance (US$ bn) | 16.4 | 17.7 | 17.8 | 15.4 | 13.0 | 9.3 |
| Current-account balance (% of GDP) | 20.6 | 20.8 | 20.1 | 17.0 | 14.0 | 9.8 |
| External debt (end-period; US$ bn) | 6.4 | 6.8 | 7.0 | 7.1 | 7.2 | 7.3 |
| Exchange rate LD:US$ (av) | 1.27c | 1.27 | 1.30 | 1.30 | 1.31 | 1.30 |
| Exchange rate LD:US$ (end-period) | 1.26c | 1.30 | 1.29 | 1.30 | 1.30 | 1.30 |
| Exchange rate LD:€ (av) | 1.68c | 1.59 | 1.55 | 1.53 | 1.51 | 1.53 |
| Exchange rate LD:¥100 (av) | 1.44c | 1.55 | 1.57 | 1.60 | 1.59 | 1.56 |
| a Economist Intelligence Unit estimates. b Economist Intelligence Unit forecasts. c Actual. | ||||||
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