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Country Report Libya January 2011
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HTMLData and charts: Annual data and forecast
| 2006a | 2007a | 2008a | 2009a | 2010b | 2011c | 2012c | |
| GDP | |||||||
| Nominal GDP (US$ m) | 59,925 | 73,387 | 95,246 | 68,837 | 79,513 | 84,436 | 87,551 |
| Nominal GDP (LD m) | 78,716 | 92,661 | 116,540 | 86,289 | 100,704 | 107,654 | 113,424 |
| Real GDP growth (%) | 5.6 | 5.0 | 2.7 | -0.7 | 3.3 | 3.8 | 4.0 |
| Expenditure on GDP (% real change) | |||||||
| Private consumption | 3.9b | 3.8b | 4.2b | 4.1b | 4.4 | 4.3 | 4.2 |
| Government consumption | 8.5b | 10.5b | 13.0b | -0.4b | 7.0 | 3.0 | 2.7 |
| Gross fixed investment | 8.5b | 7.5b | 13.1b | 9.0b | 8.6 | 8.0 | 8.0 |
| Exports of goods & services | 8.6b | 6.3b | -7.0b | -12.0b | 0.1 | 1.3 | 2.5 |
| Imports of goods & services | 8.5b | 9.0b | 8.2b | 4.5b | 8.6 | 5.2 | 5.0 |
| Origin of GDP (% real change) | |||||||
| Agriculture | 9.8 | 4.0 | 2.4 | 2.5 | 2.4 | 1.9 | 1.8 |
| Industry | 4.4 | 3.6 | 1.1 | -4.4 | 2.6 | 3.4 | 3.7 |
| Services | 7.7 | 7.9 | 6.0 | 5.7 | 4.6 | 4.4 | 4.4 |
| Population and income | |||||||
| Population (m) | 6.1 | 6.2 | 6.3 | 6.4 | 6.5 | 6.7 | 6.8 |
| GDP per head (US$ at PPP) | 14,304b | 16,068b | 17,190b | 18,200b | 18,721 | 18,407 | 18,773 |
| Fiscal indicators (% of GDP) | |||||||
| Public-sector revenue | 59.8 | 58.4 | 62.4 | 51.4 | 57.9 | 57.8 | 57.7 |
| Public-sector expenditure | 27.2 | 33.5 | 38.7 | 46.7 | 48.7 | 46.8 | 45.5 |
| Public-sector balance | 32.7 | 24.9 | 23.7 | 4.6 | 9.1 | 11.0 | 12.2 |
| Net public debt | 4.6b | 3.6b | 2.9b | 3.9b | 3.3 | 3.2 | 3.1 |
| Prices and financial indicators | |||||||
| Exchange rate LD:US$ (end-period) | 1.28 | 1.22 | 1.25 | 1.23 | 1.26a | 1.30 | 1.29 |
| Exchange rate LD:€ (end-period) | 1.70 | 1.79 | 1.74 | 1.77 | 1.68a | 1.56 | 1.54 |
| Consumer prices (end-period, %) | 1.8 | 6.3 | 10.4 | 2.4 | 2.5 | 2.7 | 2.8 |
| Stock of money M1 (% change) | 15.5 | 42.4 | 51.4 | 12.2 | -1.0 | 15.0 | 20.0 |
| Stock of money M2 (% change) | 14.1 | 38.0 | 49.2 | 17.4 | -1.0 | 13.4 | 19.7 |
| Lending interest rate (av; %) | 6.7 | 6.0 | 6.0 | 6.0 | 6.0 | 6.0 | 6.5 |
| Deposit interest rate (av; %) | 2.5 | 2.5 | 2.5 | 2.5 | 2.5 | 3.0 | 3.5 |
| Current account (US$ m) | |||||||
| Trade balance | 25,968 | 29,269 | 40,292 | 15,053 | 21,918 | 23,148 | 23,127 |
| Goods: exports fob | 39,187 | 46,970 | 61,950 | 37,055 | 46,523 | 49,213 | 50,541 |
| Goods: imports fob | -13,219 | -17,701 | -21,658 | -22,002 | -24,605 | -26,065 | -27,414 |
| Services balance | -2,075 | -2,556 | -4,136 | -4,678 | -4,698 | -4,716 | -4,765 |
| Income balance | -595 | 2,017 | 586 | 578 | 737 | 919 | 1,110 |
| Current transfers balance | 586 | -219 | -1,040 | -1,572 | -1,545 | -1,605 | -1,642 |
| Current-account balance | 23,884 | 28,511 | 35,702 | 9,381 | 16,413 | 17,746 | 17,829 |
| External debt (US$ m) | |||||||
| Debt stock | 4,456b | 4,957b | 5,607b | 5,884b | 6,381 | 6,823 | 7,030 |
| Debt service paid | 1,095b | 1,172b | 1,249b | 1,326b | 1,609 | 1,681 | 1,773 |
| Principal repayments | 840b | 890b | 940b | 1,015b | 1,290 | 1,340 | 1,405 |
| Interest | 255b | 282b | 309b | 311b | 319 | 341 | 368 |
| International reserves (US$ m) | |||||||
| Total international reserves | 59,483 | 79,599 | 92,508 | 104,220 | 105,260 | 113,666 | 123,878 |
| a Actual. b Economist Intelligence Unit estimates. c Economist Intelligence Unit forecasts. | |||||||
| Source: IMF, International Financial Statistics. | |||||||
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