Tag Archives | growth

Libya GDP Growth of 4% this yr, 6% next

By John Lee. A new report from the World Bank Group forecasts real GDP growth (at constant market prices) of 4 percent this year in Libya, increasing to 6 percent next year: As the oil sector is the major source of growth, economic activities remain constrained by recurrent clashes around oil infrastructure aiming to control […]

Libya: 6.8% Growth Forecast

The World Bank has forecast GDP growth in Libya of 6.8 percent in 2019. In its latest Economic Outlook, it says: Given its high reliance on hydrocarbon activities, the performance of the Libyan economy remains strongly affected by security conditions, especially around the main oil fields and terminals. Improved political and security arrangements reached during […]

World Bank Expects Strong Libyan Recovery

The World Bank expects the Libyan economy to recover rapidly in 2016, growing by 35.7 percent, according its flagship "Global Economic Prospects" report released on Wednesday. This follows an estimated fall of 5.2 percent last year, and of nearly 50% over the past three years. Growth rates of 27.6 percent and 8.4 percent are predicted […]

Libyan Economy to Shrink Further

War-torn countries are projected to be among the worst performers in terms of GDP growth in 2016, with Libya forecasted to be in last place. According to the data from the Economist Intelligence Unit, the Libyan economy is expected to shrink by 8.3 percent this year. This comes against a backdrop of 2.7 percent global […]

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Libyan Economy to Shrink in 2014

By John Lee. A new report from the International Monetary Fund says that Libya's economy is expected to shrink by 19.8 percent this year as a result of the security crisis in the country. This follows a 13.6 percent fall in GDP in 2013. A growth rate of 15 percent is predicted for 2015. Inflation […]

GDP to Shrink this year, then Recover

By John Lee. A new report from the International Monetary Fund (IMF) has forecast that the Libyan economy will contract dramatically this year due to continuing civil war in the country. In its October World Economic Outlook, it says that Libya's gross domestic product (GDP) is expected to shrink by 19.8 percent this year. The […]