Market Research In Libya

Libya Profile:

  • Libya, officially the State of Libya is a sovereign state in the Maghreb region of North Africa and has been divided into three provinces and 22 districts.
  • Libya is the fourth largest country in Africa, and is the 16th largest country in the world. Libya has the 10th-largest proven oil reserves of any country in the world.
  • Libya holds the largest proven oil reserves in Africa and is an important contributor to the global supply of light, sweet crude. Apart from petroleum, the other natural resources are natural gas and gypsum.
  • Libya is a member of the United Nations (since 1955), the Non-Aligned Movement, Arab League, OIC, and OPEC.
  • Libya has very low rank in the 2015 press freedom index as it occupied 154 out of 180 countries

Libya Economy:

  • The Libyan economy depends primarily upon revenues from the oil sector, which accounts for 80% of GDP and 97% of exports.
  • Substantial revenues from the energy sector, coupled with a small population, give Libya one of the highest per capita GDPs in Africa.
  • Libya’s economy, almost entirely dependent on oil and gas exports, has struggled since 2014 as the country plunged into civil war and world oil prices dropped to seven-year lows.
  • The Central Bank of Libya continued to pay government salaries to a majority of the Libyan workforce and to fund subsidies for fuel and food, resulting in an estimated budget deficit of about 20% of GDP in 2016.
  • Living conditions, including access to clean drinking water, medical services and safe housing, have all declined as the civil war has forced more people to become internally displaced, further straining local resources

Libya Facts:

  • Population: 6.7 million
  • Capital: Tripoli
  • Largest city: Tripoli
  • Area: 1,759,540 sq km
  • Major language: Arabic (official), Italian, English, Berber
  • Major religion: Muslim 96.6%, Christian 2.7%, Buddhist 0.3%, Hindu <0.1, Jewish <0.1, folk religion <0.1
  • Life expectancy: 74.9 years (Male), 78.5 years (Female)
  • Monetary unit: 1 Libyan Dinar(LD, LYD) = 1,000 Dirhams
  • Main exports: Crude oil, refined petroleum products, natural gas, chemicals
  • GNI per Capita: $13,501

Our Market Research Services in Libya:

We Employ A Wide Range of Research Techniques in Libya:

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