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Libya

Libya news and analysis, tenders, contracts awarded, commentary and economic data

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Libya_map_527x286px New+Libya+flag Prime minister Abdullah al-Thani
Libya
Prime minister
Abdullah al-Thani

Libya country datafile
Country overview

Country data

New Page 1
Libya 2009 2010 2011 2012 2013 2014 2015f
Nominal GDP ($bn) 63.1 74.8 34.7 819 65.5* 49.3 63.0
GDP per capita ($) 10,574 12,358 5,840 13,581 10,702 7,942 9,998
Real GDP growth (annual change, %) -0.8 5.0 -62.1 104.5 -13.6* -19.8 15.0
Government revenue (% of GDP) 52.9 64.9 39.1 72.3 65.7* 31.3 42.6
Government total expenditure (% of GDP) 58.2 53.4 55.0 44.5 69.8* 83.4 72.9
General government debt (gross, % of GDP) 0.0 0.0 0.0 0.0 0.0* 0.0 0.0
Current account balance (% of GDP) 14.9 19.5 9.1 29.1 13.6* -27.1 -20.9
Inflation (%) 0.3 3.3 26.6 -3.7 1.7* 7.5 5.4
Population (millions) 6.0 6.1 5.9 6.0 6.1* 6.2 6.3
Unemployment (%) na na na na na na na
Click to see full economic data (2005 - 2019 forecast)
Source: International Monetary Fund, World Economic Outlook Database;
Last updated: February 2015; *=Estimate

Libya trends

Saudi Defence Minister Prince Mohammed bin Salman bin Abdulaziz al-Saud (C) at a defence exhibition in February

MEED board report, May 2015 Subscription

7 May 2015 | By

Key events and trends in the region over the past month and their impact on the outlook for the Middle East and North Africa

US-based GE’s distributed power business finds promising markets in areas of volatility

GE sees opportunity in instability Subscription

27 April 2015 | By

Firm’s CEO of distributed power talks about supply and generation challenges in region

Iran nuclear talks in Lausanne

MEED board report, April 2015 Subscription

8 April 2015 | By

Key events and trends in the region over the past month and their impact on the outlook for the Middle East and North Africa

Libya timebomb

The North African time bomb Subscription

3 March 2015 | By

Libya’s escalating crisis is threatening regional stability

Saudi oil production and brent crude price

Riyadh in strong position ahead of Opec meeting Subscription

18 November 2014 | By

Saudi Arabia showing no signs of cutting oil production despite falling prices

As Libya sinks deeper into the chaos of war, its badly defended oil infrastructure is becoming increasingly susceptible to shutdowns

Libya’s oil recovery falters Subscription

24 September 2014 | By

Recent drop in production could foreshadow greater declines

Promising development: Amman is now studying a proposal to issue its first Islamic bond

Wider Middle East ripe for Islamic finance Subscription

18 September 2014 | By Richard Nield

Sharia-compliant banking has yet to take off across most of the Levant and North Africa. But growing support from governments could soon lead to a boom in demand

Top 100 projects, Q2 2014

Top 100 projects index dips Subscription

14 August 2014 | By

Small fall in the total value of the Middle East’s biggest projects, but further pressure expected due to fighting in Iraq

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MEED comment

Offshore oil

A glimmer of hope for Libya’s projects market

26 May 2015 | By

Bahr Essalam contract awarded to OneSubsea

Detained illegal immigrants in Tripoli, Libya on 21 April

Unified action needed to end Libya chaos Subscription

22 April 2015 | By

More support is needed to help Libya’s neighbours

Wil Crisp

Libya’s worsening crisis Subscription

4 March 2015

Jihadist threat changes the dynamic of Libya’s conflict

Libya upheaval

Greater coordination needed on Libya Subscription

3 March 2015 | By

Miscalculations by Europe and the US have led to anarchy in North Africa

Oil price erosion forms cracks between Opec members

Oil price erosion forms cracks between Opec members Subscription

23 October 2014 | By

Prospect of lower prices ahead triggers call for action from group’s fragile economies

Libya

Political rivalry threatens Libya’s oil recovery Subscription

25 September 2014 | By

A tale of two parliaments

The Pentagon in the US

UAE cuts out the middle man in Libya Subscription

28 August 2014 | By

By bombing Libya, the UAE and Egypt open the door to backlash from both allies and enemies

Libya

Recovery in Libyan oil exports Subscription

21 August 2014 | By

The country is further than ever from being able to form a unified military force to resist the militias

More MEED commentary

Special reports

Libya

Libya: Country faces financial crisis Subscription

7 May 2014

Blockades of Libya’s 4 main oil terminals have caused the country’s export revenues to plummet over the last year

More Libya special reports

Market presentations

Middle East Outlook 2013

A region in transition: Middle East outlook 2013 and beyond Subscription

18 August 2013

Insight and analysis on the economic and projects outlook for the Middle East

After the Uprisings webinar

After the Uprisings: The outlook for business in the Middle East in 2013 and beyond Subscription

4 March 2013

A webinar on the region’s business environment, providing current data and exclusive expert analysis drawn from MEED’s team of experts

More MEED webinars

Top 10 projects

Rank

Rank Project Name Sector Budget ($m)
1 Tripoli Harbour Breakwater Reconstruction Transport 222
Click through to the full data table on Libya's biggest projects, including project status
Click through to MEED's Q4 2014 Top 100 Projects report
Source: MEED Projects; Data compiled: April 2015; All projects are in execution

Tenders & project awards

Subsea oil production

Bahr Essalam contract awarded to OneSubsea Subscription

20 May 2015 | By

Source says the Libyan offshore deal is worth around $450m

Libya: Pipeline, tubing and casing Subscription

5 May 2015 | By

Supply of pipelines, tubing and casing for an oil company

Libya: UPS units Subscription

24 February 2015 | By

Replacement of uninterrupted power supply (UPS) units

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All companies

Afriqiyah Airways logo

Afriqiyah Airways Subscription

11 June 2010

The Tripoli-based airline was established by the Libyan government when western economies began discussing the lifting of sanctions on the country

National Oil Corporation Subscription

13 November 2013

The National Oil Corporation (NOC) is the national oil company of Libya

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People

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