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Know MoreThe Economy of Libya depends primarily upon revenues from the petroleum sector, which represents over 95% of export earnings and 60% of GDP These oil revenues and a small population have given Libya one of the highest nominal per capita GDP in Africa...
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Know MoreSome of these minerals are present in quantities too small for commercially profitable exploitation, although there is a small-scale iron-ore mining at Sabha, and there are salt mines on the coast near the Benghazi coast and east of Tripoli, at Mellaha, which yield 30,000 tonnes per year...
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Know MoreRemaking of the economy was parallel with the attempt to remold political and social institutions Until the late 1970s, Libya's economy was mixed , with a large role for private enterprise except in the fields of oil production ,...
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