Libya’s economy is hugely dependent on the nation’s energy sector, which generates about 65% of GDP and 96% of government revenue. Income from the sale of crude oil and natural gas, coupled with a small population, give Libya one of the highest nominal per capita GDPs in Africa. The state sector is large and growing, with the majority of the Libyan workforce receiving a government salary in 2014.
Name Libya
Capital Tripoli
Name of parliament National Transitional Council
Parliament website www.ntc.gov.ly
Languages Arabic, Italian, English, Berber
Area 1 759 540 km2
Population 6 244 174 (July 2014 est)
Imports Machinery, semi-finished goods, food, transport equipment, consumer products
Exports Crude oil, refined petroleum products, natural gas, chemicals
Currency Libyan dinar
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