The Economy of Libya is centrally planned. It depends primarily upon revenues from the petroleum sector, which contributes practically all export earnings and over half of GDP. These oil revenues and a small population have given Libya the highest nominal per capita GDP in Africa. Since 2000, Libya has recorded favourable growth rates with an estimated 10.6% growth of GDP in 2010.
Read more about Economy Of Libya: Macro-economic Trend, Oil Sector, Diversification, Labor Market, External Trade and Finance, Statistics, International Rankings
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