International organization participation: ABEDA, AfDB, AFESD, AL, AMF,
AMU, CAEU, CCC, ECA, FAO, G-77, IAEA, IBRD, ICAO, ICRM, IDA, IDB,
IFAD, IFC, IFRCS, ILO, IMF, IMO, Intelsat, Interpol, IOC, ISO, ITU,
NAM, OAPEC, OAU, OIC, OPEC, PCA, UN, UNCTAD, UNESCO, UNIDO, UPU, WFTU,
WHO, WIPO, WMO, WToO, WTrO (observer)
Diplomatic representation in the US: Libya does not have an embassy in the US
Diplomatic representation from the US: the US suspended all embassy activities in Tripoli on 2 May 1980
Flag description: plain green; green is the traditional color of Islam (the state religion)
@Libya:Economy
Economy-overview: The socialist-oriented economy depends primarily upon revenues from the oil sector, which contributes practically all export earnings and about one-third of GDP. Per capita GDP is the highest in Africa at $6,700, but disproportionately little of national income flows down to the lower orders of society. GDP growth fluctuates sharply in response to changes in the world oil market; GDP has either contracted or grown very sluggishly since 1992. Import restrictions and inefficient resource allocations have led to periodic shortages of basic goods and foodstuffs. The nonoil manufacturing and construction sectors, which account for about 20% of GDP, have expanded from processing mostly agricultural products to include the production of petrochemicals, iron, steel, and aluminum. Although agriculture accounts for only 5% of GDP, it employs 18% of the labor force. Climatic conditions and poor soils severely limit farm output, and Libya imports about 75% of its food requirements. The UN sanctions imposed in April 1992 do not have a major impact on the economy although they have increased transaction and transportation costs.
GDP: purchasing power parity-$38 billion (1997 est.)
GDP-real growth rate: 0.5% (1997 est.)
GDP-per capita: purchasing power parity-$6,700 (1997 est.)
GDP-composition by sector: agriculture: 5% industry: 55% services: 40% (1996 est.)