 |
|
| |
|
|
|
at Global Oneness Community.
Share your dreams and let others help you with the interpretation!
Dream Sharing Forum
|
|
Libya - Economy | | Libya - Economy: Encyclopedia II - Libya - Economy | | The Libyan economy depends primarily upon revenues from the oil sector, which contribute practically all export earnings and about one-quarter of GDP. These oil revenues and a small population give Libya one of the highest per capita GDPs in Africa, but little of this income flows down to the lower orders of society. Libyan officials in the past three years have made progress on economic reforms as part of a broader campaign to reintegrate the country into the international fold. This effort picked up steam after UN sanctions were lifted in ...
See also:Libya, Libya - History, Libya - Politics, Libya - Municipalities, Libya - Geography, Libya - The Libyan Desert, Libya - Economy, Libya - Demographics, Libya - Culture, Libya - Religion, Libya - Miscellaneous topics | | | Libya, Libya - Culture, Libya - Demographics, Libya - Economy, Libya - Geography, Libya - History, Libya - Miscellaneous topics, Libya - Municipalities, Libya - Politics, Libya - Religion, Libya - The Libyan Desert | | |
| | | Libya: Encyclopedia II - Libya - Economy
Libya - Economy
Main article: Economy of Libya
The Libyan economy depends primarily upon revenues from the oil sector, which contribute practically all export earnings and about one-quarter of GDP. These oil revenues and a small population give Libya one of the highest per capita GDPs in Africa, but little of this income flows down to the lower orders of society. Libyan officials in the past three years have made progress on economic reforms as part of a broader campaign to reintegrate the country into the international fold. This effort picked up steam after UN sanctions were lifted in September 2003 and as Libya announced in December 2003 that it would abandon programs to build weapons of mass destruction. Libya faces a long road ahead in liberalizing the socialist-oriented economy, but initial steps - including applying for WTO membership, reducing some subsidies, and announcing plans for privatization - are laying the groundwork for a transition to a more market-based economy. The non-oil manufacturing and construction sectors, which account for about 20% of GDP, have expanded from processing mostly agricultural products to include the production of petrochemicals, iron, steel, and aluminum. Climatic conditions and poor soils severely limit agricultural output, and Libya imports about 75% of its food.
The Libyan economy is viewed as ripe for modernisation and foreign investment. Under the current Prime Minister (Ghanem), it is undergoing an incredible business boom. Many socialist-era government-run industries are being privatized. As well as the lifting of UN sanctions, US sanctions have also, for the most part, been lifted. For example, Continental Airlines now offers code-share travel to Libya. Many international oil complanies have now returned to Libya, including the recent return of oil giant Shell. Tourism is also on the rise which has brought demand for the building of more hotels and increasing capacity in airports such as Tripoli International.
Other related archivesAfrica, Ajdabiya, Al Butnan, Al Hizam Al Akhdar, Al Jufrah, Al Kufrah, Al Marj, Algeria, Anglican, Arab, Arabic, Arabic language, Arabs, Az Zawiyah, Bedouin, Benghazi, Berber, Berbers, British, Byzantines, Cabinet, Cairo, Carthaginians, Chad, Christian, Communications in Libya, Culture of Libya, Cyrenaica, Cyrene, Darnah, Demographics of Libya, Economy of Libya, Egypt, Egyptians, English, Fezzan, Flag of Libya, Foreign relations of Libya, French, GDP, Geography of Libya, Ghadames, Ghat, Greek, Greeks, HIV trial in Libya, History of Libya, Indians, Islam, Islam in Libya, Italian, Italian invasion, Italians, Italy, Jamahiriya, King Idris I, Kufra, Leptis Magna, Libya (mythology), Libyan Arab Republic, List of cities in Libya, Maltese, Mediterranean Sea, Middle East, Middle East conflict, Military of Libya, Municipalities of Libya, Murzuq, Music of Libya, Mu’ammar Abu Minyar al-Qadhafi, Nasserism, Niger, Nile, North Africa, Ottoman, Pakistanis, Phoenicians, Political parties, Politics of Libya, Qadhafi, Roman Catholics, Romans, Sabha, Sabratha, Sahara, Shell, Sub-Saharan, Sudan, Sufism, Sunni Muslim, Surt, Switzerland, Tebu, The English Patient, Transportation in Libya, Tripoli, Tripoli International, Tripolitania, Tuareg, Tunisia, Tunisians, Turks, UN General Assembly, UN sanctions, Unions, Vandals, WTO, acclamation, agriculture, aluminum, ancient Greece, apartment blocks, capital, colloquial form of Arabic, coup d’etat, depression, dialects, dust storms, executive, export, foreign investment, government, granite, highlands, industry, iron, legislative, market-based economy, monarchy, nomadic, oil reserves, petrochemicals, petroleum, plateaus, population density, privatization, rain, rainfall, reforms, sandstorms, services, sirocco, steel, subsidies, transliterated, vegetation, wadis, weapons of mass destruction
 Adapted from the Wikipedia article "Economy", under the G.N U Free Docmentation License. Please also see http://en.wikipedia.org/wiki |
|
|
|
More material related to Libya can be found here:
|
|
|
« Back
|
Search the Global Oneness web site |
|
|
|
|
|
Sneak-Peek of Global Oneness Community
Hi friend! The Global Oneness Community, the place for information and sharing about Oneness is not really launched yet (you will see there is still some clean up to do) ...but it is now open for a sneak-peek! And if you wish - please register and become one of the very first members to do so! Jonas
Forum Home,
Articles,
Photo Gallery,
Videos,
News,
Sitemap
...and much more!
|
