PEC, OAU, OIC, OPEC, UN, UNCTAD, UNESCO, UNIDO, UNITAR,
UPU, WFTU, WHO, WIPO, WMO, WToO, WTrO (observer)

Diplomatic representation in US: Libya does not have an embassy in
the US

US diplomatic representation: the US suspended all embassy
activities in Tripoli on 2 May 1980

Flag: plain green; green is the traditional color of Islam (the
state religion)

Economy
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Economic overview: The socialist-oriented economy depends
primarily upon revenues from the oil sector, which contributes
practically all export earnings and about one-third of GDP. In 1990
per capita GDP was the highest in Africa at $5,410, but subsequently
GDP growth has slowed on average and has fluctuated sharply in
response to changes in the world oil market. Import restrictions and
inefficient resource allocations have led to periodic shortages of
basic goods and foodstuffs. The nonoil manufacturing and
construction sectors, which account for about 20% of GDP, have
expanded from processing mostly agricultural products to include the
production of petrochemicals, iron, steel, and aluminum. Although
agriculture accounts for only 5% of GDP, it employs 18% of the labor
force. Climatic conditions and poor soils severely limit farm
output, and Libya imports about 75% of its food requirements. The UN
sanctions imposed in April 1992 have not yet had a major impact on
the economy because Libya's oil revenues generate sufficient foreign
exchange to sustain imports of food, consumer goods, and equipment
for the oil industry and ongoing development projects.

GDP: purchasing power parity - $32.9 billion (1994 est.)

GDP real growth rate: -0.9% (1994 est.)

GDP per capita: $6,510 (1994 est.)

GDP composition by sector:
agriculture: NA%
industry: NA%
services: NA%

Inflation rate (consumer prices): 25% (1993 est.)

Labor force: 1 million (includes about 280,000 resident foreigners)
by occupation: industry 31%, services 27%, government 24%,
agriculture 18%

Unemployment rate: NA%

Budget:
revenues: $8.1 billion
expenditures: $9.8 billion, including capital expenditures of $3.1
billion (1989 est.)

Industries: petroleum, food processing, textiles, handicrafts,
cement

Industrial production growth rate: NA%

Electricity:
capacity: 4,600,000 kW
production: 16.1 billion kWh
consumption per capita: 3,078 kWh (1993)

Agriculture: wheat, barley, olives, dates, citrus,