Names: conventional long form: Great Socialist People's Libyan Arab Jamahiriya conventional short form: Libya local long form: Al Jumahiriyah al Arabiyah al Libiyah ash Shabiyah al Ishtirakiyah al Uzma local short form: none
Capital City: Tripoli
Population: 5,900,754 note: includes 166,510 non-nationals (July 2006 est.)
GDP Per Capita: $12,700 (2006 est.)
Currency: Libyan dinar (LYD)
Languages: Arabic, Italian, English, all are widely understood in the major cities
Total Area: total: 1,759,540 sq km land: 1,759,540 sq km water: 0 sq km slightly larger than Alaska
Region: Africa
Industries: petroleum, iron and steel, food processing, textiles, handicrafts, cement
Agriculture: wheat, barley, olives, dates, citrus, vegetables, peanuts, soybeans; cattle
Resources: petroleum, natural gas, gypsum
Labor Force:
1.787 million (2006 est.)
agriculture: 17% industry: 23% services: 59% (2004 est.)
Exports:
$37.02 billion f.o.b. (2006 est.)
crude oil, refined petroleum products, natural gas, chemicals
Imports:
$14.47 billion f.o.b. (2006 est.)
machinery, semi-finished goods, food, transport equipment, consumer products
Overview:
The Libyan economy depends primarily upon revenues from the oil sector, which contribute about 95% of export earnings, about one-quarter of GDP, and 60% of public sector wages. Substantial revenues from the energy sector coupled with 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 four 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. Almost all US unilateral sanctions against Libya were removed in April 2004, helping Libya attract more foreign direct investment, mostly in the energy sector. Libyan oil and gas licensing rounds continue to draw high international interest. 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 more than 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.
In 2007 Missouri exported $1,353,982 in goods to Libya. This ranks Libya 136th among the 223 international buyers of Missouri goods. Missouri exports to Libya increased from the previous year by $1,235,674 a change of 1,044.46%. State exports to Libya have increased over the last 5 years by 1,347,384 a change of 20421.10%. Missouri exports account for .01%. of all 2007 US exports to Libya.
| NAICS Industry | Annual | ||||||
|---|---|---|---|---|---|---|---|
| 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | ||
| 000 - Total All Industries MO | 6,598 | NA | NA | 762,018 | 118,308 | 1,353,982 | |
| 000 - Total All Industries US | 18,270,411 | 225,546 | 39,190,139 | 83,822,103 | 434,856,106 | 510,498,645 | |