Libya Economy - 1986

GEOGRAPHICAL NAMES 

GDP: roughly $26 billion (1985 est), $7,180 per capita

Natural resources: petroleum, natural gas, gypsum

Agriculture: main crops—wheat, barley, olives, dates, citrus fruits, peanuts; 65% of food is imported

Major industries: petroleum, food processing, textiles, handicrafts

Electric power: 4,070,100 kW capacity (1985); 12.478 billion kWh produced (1985), 3,325 kWh per capita

Exports. $10.0 billion (f.o.b., 1985); petroleum

Imports- $7.0billion (f.o.b., 1985); manufactures, food

Major trade partners: imports—Italy, FRG; exports—Italy, FRG, Spain, France, Japan, UK

Budget: (1985 est.) revenues, $10 billion; expenditures, $9.9 billion, including development expenditure of $5 7 billion

Monetary conversion rate: 2961 Libyan dinar=US$l (February 1984)

Fiscal year: calendar year

NOTE: The information regarding Libya on this page is re-published from the 1986 World Fact Book of the United States Central Intelligence Agency and other sources. No claims are made regarding the accuracy of Libya 1986 information contained here. All suggestions for corrections of any errors about Libya 1986 should be addressed to the CIA or the source cited on each page.