Libya’s economic outlook relies heavily on the oil and gas sector, which constitutes a significant portion of its GDP, government revenue, and exports. With oil production expected to average 1.1 mbpd in 2024, GDP is anticipated to shrink by 2.7 percent this year. As oil output recovers in 2025 and 2026, reaching 1.2 and 1.3 mbpd, respectively; GDP growth is expected to rebound to 9.6 percent and 8.4 percent in 2026. Meanwhile, non-oil GDP growth...
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2024/12/13
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Rapport
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195579
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1
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2024/12/17
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Disclosed
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Libya Economic Monitor : Stabilizing Growth and Boosting Productivity - Fall 2024
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