Econom�a - descripci�n: The socialist-oriented economy depends primarily upon revenues from the oil sector, which contributes 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. In this statist society, import restrictions and inefficient resource allocations have led to periodic shortages of basic goods and foodstuffs. The nonoil 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 farm output, and Libya imports about 75% of its food requirements. Higher oil prices in 1999 led to an increase in export revenues and helped to stimulate the economy. Following the suspension of UN sanctions in 1999, Libya has been trying to increase its attractiveness to foreign investors, and several foreign companies have visited in search of contracts.

Producto Bruto Interno (PBI): purchasing power parity - $39.3 billion (1999 est.)

PBI - Indice de Incremento real: 2% (1999 est.)

PBI - por capital: purchasing power parity - $7,900 (1999 est.)

PBI - Composici�n por Sector:
agriculture: 7%
industry: 47%
services: 46% (1997 est.)

Poblaci�n bajo linea de pobertad: NA%

Ingreso en casa o porcentage de consumci�n:
lowest 10%: NA%
highest 10%: NA%

Indice de Inflaci�n (precios del consumidor): 18% (1999 est.)

Fuerza Laboral: 1.2 million (1997 est.)

Fuerza Laboral - por ocupaci�n: services and government 54%, industry 29%, agriculture 17% (1997 est.)

Indice de desempleo: 30% (1998 est.)

Presupuesto:
revenues: $3.6 billion
expenditures: $5.1 billion, including capital expenditures of $NA (1998 est.)

Industrias: petroleum, food processing, textiles, handicrafts, cement

Industrial production growth rate: NA%

Electricidad - Producci�n: 16.92 billion kWh (1998)

Electricidad - producci�n por fuente:
fossil fuel: 100%
hydro: 0%
nuclear: 0%
other: 0% (1998)

Electricidad - consumci�n: 15.736 billion kWh (1998)

Electricidad - exportaciones: 0 kWh (1998)

Electricidad - importaciones: 0 kWh (1998)

Agricultura - productos: wheat, barley, olives, dates, citrus, vegetables, peanuts; beef, eggs

Exportaciones: $6.6 billion (f.o.b., 1998 est.)

Exporationes - comodidades: crude oil, refined petroleum products, natural gas

Exportaciones - socios: Italy 40%, Germany 17%, Spain 12%, France 4%, Sudan 4%, UK 3% (1997)

Importaciones: $7 billion (f.o.b., 1998 est.)

Importaciones - comodidades: machinery, transport equipment, food, manufactured goods

Importaciones - socios: Italy 23%, Germany 12%, UK 9%, France 7%, Tunisia 5%, Belgium 4% (1997)

Deuda - externa: $4 billion (1998 est.)

Ayuda economica - recipiente: $8.4 million (1995)

Moneda: 1 Libyan dinar (LD) = 1,000 dirhams

Indice de intercambio: Libyan dinars (LD) per US$1 - 0.4687 (January 2000), 0.4616 (1999), 0.3785 (1998), 0.3891 (1997), 0.3651 (1996), 0.3532 (1995); official rate: 0.45 (December 1998)

A�o Fiscal: calendar year