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Economic data and Trends in Libya


Gross domestic product (GDP) 108,5 Billion US-$ (2008)
(GDP) per inhabitant (US. $): 17.468 Dollar ( 2008)
Foreign Debt: 4,4 Dollar ( 2006)
Monetary reserves: 78,8 Dollar ( 2008)
Direct Investment abroad: 2,2 Mrd. US-$
Import cover: Ca. 15,7 / mois (2006)
Imports of goods from Germany: 17,4 Mrd. Euro (2007) 671 Mio. Euro (2007)
Exports of goods 44,5 Mrd. US-$ (2007)
Exported goods 97,3% du pétrole et du gaz, Produits pétrochimiques
Imported goods:

47,6%, des machines, des pièces de véhicules

15,2% des aliments

10,9% en fer et en acier

Industry: Industries du pétrole et du gaz naturel, la transformation alimentaire, Industries du textile et du ciment
Agriculture: Blé, orge, Olives, Dattes, Agrumes, Amandes
Raw materials: Pétrole, Gaz Naturel, le Gypse, Sel
Hard currency: 1 euro = 1,67 Dinar libyen (DL)


Macro-economic estimates
Index 2008 2009 2010
Growth of the real GDP: 7,1% 8,1% 10,5%
Growth of GDP (Oil not included) 11,0% 12,0% 9,0%
Imports if goods FOB Billion. US $: 23,0 29,5 37,6
Exports of goods FOB Billion US $: 73,6 82,3 91,8
Foreign exchange reserves US $ Billion: 123,5 171,6 224,5
Inflation rate %: 12,0 10,0 8,0

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Auto industry The positive investment climate has proven its success in 2006-2007 in terms of the engine vehicle registration. In 2007, vehicle registrations of nearly 180 000 new cars in the order of 6 figures been broadly outdated for the first time.

Vehicle Registration in Libya (per unit)

2006

2007
Motorcycles: 660 730
Cars: 1.106.894 1.287.309
Public Taxi: 61.360 72.827
Tracks: 289.718 334.134
Trailers: 24.288 27.931
Locomotives / engines: 13.496 15.493
Tractors: 2.165 k. A.
Buses: k. A. k. A.
Total: 1.508.662 1.826.533

Source: Jahrbuch 2006, 2007

 

Libyan petrochemical industry produces very year these different products.

Production in the sector of petrochemical in Libya

Sites

Products

Capacity (tones) par an

Ras Lanuf:


Ethylene

330.000

Ethylene

170.000

C4

130.000

Pyrolysebenzin

130.000

LLDPE

80.000

HDPE

80.000

Marsa Al-Brega

Ammoniac

700.000

Urée

900.000

Abu Kammash

Ethylenechlorid

104.000

Vinylchloridmonomer

60.000

PVC

60.000

Source: MEED


The recent figures of the huge industrial firms outside the oil sector in Libya are not available. However, in the field of steel, Libyan Iron and Steel Co. (Lisco) could benefit recently from the good international iron and steel economic situation.

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National Firms working in the field of metals and mechanics 2005/2006 ( million of LD)

Companies

Production

2005

Production

2006

Charges

2005

Sales

2005

Export

Libyan Iron and Steel Co:

398,3

477,4

68%

806,6

424,7

General Co. for Piping

19,7

21,0

30%

21,6

1,5

General Co. for Scrap

14,9

12,3

-

13,2

0

National Trailers Co.

11,3

8,1

43%

9,3

0

Source: Industrieministerium

 

The steel plant in Musurata has been for a long period of time engaged in an expansion process. In August 2007, a Plan of study was fixed and envisages an increase in the capacity of 4.14 million tones of liquid steel per year

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LISCO: Steel supplies abroad (tons)

Products

2004

2005

2006

HBI 1)

76.675

427.785

384.435

DRI 2)

68.117

Bars

19.935

Profiles:

20.437

10.542

25.301

Coil and flat rolled steel:

257.123

337.464

438.831

Navy coils:

2.570

1.214

Coils and flat products for cold-rolled:

271

124

Coils and galvanized flat products:

2.778

772

1) the agglomerated iron hot, 2) the iron of direct reduction

Source: LISCO

 

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Export of the Republic of Germany to the Libyan Arab Jamahiriya Milion.EUR)
SITC-Pos. Product Description 2006 2007 1. Hj. 08 Changement
0 bis 9 Total 591,9 671,0 388,4 15,0
0 Food Products: 62,4 62,9 57,6 102,4
51+52 Chemical Products 2,1 2,8 2,2 101,2
54 Medical Drugs: 13,1 13,7 9,6 24,8
57+58 Plastics: 3,0 5,1 3,8 249,5
64 Paper, cartoon: 5,5 10,9 3,9 -14,7
65+84 Textiles and clothes: 5,6 4,9 3,6 -6,3
67 Iron and Steel: 19,2 56,5 18,8 22,9
68 Nonferrous Metals: 0,0 0,6 0,6
69 Metals 20,1 20,8 17,9 61,9
71 bis 74 Machines: 126,4 158,7 106,1 47,6
75+76+776 Electronics 17,7 16,8 5,5 -30,1
77 minus 776 Electrotechnic: 49,2 49,4 26,9 1,5
78 Cars and spare parts: 110,2 115,2 50,2 -25,7
87 Measure and of control of technology: 27,5 53,0 27,0 19,1
88 Optic: 3,7 2,7 1,9 32,0
Source: DeStatis; gtai-Berechnung

Main Suppliers (countries)

2006 (Million Euro)

Italy 784
Germany 674
Republic of Korea 519
Japan 449
USA 418
Tunisia 377
Egypte 334
UK 291
France 233
China Information not available
India Information not available


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