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The World Bank in Libya

The situation in Libya continues to be dire. Eleven percent of schools are destroyed; lifesaving medicines are not available; there are daily blackouts; and clean water is becoming scare. The UN estimates that some 1.1 million persons need urgent humanitarian assistance.

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2018 MENA Economic Monitor

Libya's Economic Outlook

In Libya, growth is projected to rebound at around 15% in 2018 and an average 7.6% in 2019-20.

REGION

Economic Prospects

Growth in the Middle East and North Africa region is projected to fall to 2.1 percent in 2017.

Libya At-A-Glance

The cost of the political conflict has taken a severe toll on the Libyan economy, which has remained in recession for the third consecutive year in 2015. Political strife, weak security conditions, and blockaded oil infrastructures continue to constrain the supply side of the economy. Production of crude oil fell to around 0.4 million barrels per day (bpd) or the fourth of potential. The non-hydrocarb...

Overview

Data

Libya’s Economic Outlook

Hit by the ongoing conflict, the Libyan economy continued to suffer from recession in 2016. It is estimated that GDP lost half of its pre-revolution level. Budget revenues and exports proceeds reached the lowest amounts on record because of low oil production and prices.

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