ricultural products to include the production
of petrochemicals, iron, steel, and aluminum. Climatic conditions and
poor soils severely limit agricultural output, and Libya imports about
75% of its food. Higher oil prices in 1999 and 2000 led to an increase
in export revenues, which improved macroeconomic balances and helped
to stimulate the economy. The suspension of UN sanctions in 1999 also
boosted growth. Libya's January 2002 51% devaluation of the official
exchange rate of the dinar is another fiscal plus, although it will also
bring higher inflation.

GDP: purchasing power parity - $40 billion (2001 est.)

GDP - real growth rate: 3% (2001 est.)

GDP - per capita: purchasing power parity - $7,600 (2001 est.)

GDP - composition by sector: agriculture: 7% industry: 47% services: 46%
(1997 est.)

Population below poverty line: NA%

Household income or consumption by percentage share: lowest 10%: NA%
highest 10%: NA%

Inflation rate (consumer prices): 13.6% (2001 est.)

Labor force: 1.5 million (2000 est.)

Labor force - by occupation: services 54%, industry 29%, agriculture 17%
(1997 est.)

Unemployment rate: 30% (2000 est.)

Budget: revenues: $9.3 billion expenditures: $9.2 billion, including
capital expenditures of $NA (2001 est.)

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

Industrial production growth rate: NA%

Electricity - production: 19.4 billion kWh (2000)

Electricity - production by source: fossil fuel: 100% hydro: 0% other: 0%
(2000) nuclear: 0%

Electricity - consumption: 18.042 billion kWh (2000)

Electricity - exports: 0 kWh (2000)

Electricity - imports: 0 kWh (2000)

Agriculture - products: wheat, barley, olives, dates, citrus, vegetables,
peanuts, soybeans; cattle

Exports: $13.1 billion (f.o.b., 2001 est.)

Exports - commodities: crude oil, refined petroleum products

Exports - partners: Italy 42%, Germany 19%, Spain 13%, Turkey 6%,
France 4%, Switzerland 3%, Tunisia 2% (2000)

Imports: $8.7 billion (f.o.b., 2001 est.)

Imports - commodities: machinery, transport equipment, food, manufactured
goods

Imports - partners: Italy 25%, Germany 10%, UK 8%, France 7%, Tunisia
7%, South Korea 4% (2000)

Debt - external: $4.7 billion (2001 est.)

Economic aid - recipient: $7 million (1999 est.)

Currency: Libyan dinar (LYD)

Currency code: LYD

Exchange rates: Libyan dinars per US dollar - 0.6501 (December 2001),