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Laboratoire de la finance africaine

Libya

Preview 2018
Projected Real GDP Growth (% Change) : 4
GDP (current, USD Bn) : 48.40
Projected Consumer Prices (% Change) : 10
Country Population : 6.64 million
Economic performance and outlook

Real GDP growth slowed to an estimated 4% in 2019, due to lower oil prices. Inflation, after declining in 2018 and the first quarter of 2019, rebounded to an average above 10% in 2019 because of the intensified conflict in Tripoli. The fiscal deficit worsened to 10.9% of GDP in 2019 from 7.4% in 2018 (but still much improved from 43% in 2017). The fiscal stance was slightly worse in 2019 due to lower oil prices despite higher oil production, at 1.15 million barrels a day in the second quarter of 2019, up from 0.97 million in 2018.

(Download detailed Analysis Source : Report African Economic Outlook 2020 ; AfDB)

Financial markets

In June 2017, the banking sector of Libya represented a total asset of $ 4.1 billion.

Credit distributed to private sector in June 2017 represents $ 8.7 billion.