a imports about 75% of its food requirements.
The UN sanctions imposed in April 1992 do not have a major impact on
the economy although they have increased transaction and
transportation costs.

GDP: purchasing power parity--$38 billion (1998 est.)

GDP--real growth rate: -1% (1998 est.)

GDP--per capita: purchasing power parity?$6,700 (1998 est.)

GDP--composition by sector:
agriculture: 5%
industry: 55%
services: 40% (1996 est.)

Population below poverty line: NA%

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

Inflation rate (consumer prices): 24.2% (1998 est.)

Labor force: 1 million

Labor force--by occupation: industry 31%, services 27%, government
24%, agriculture 18%

Unemployment rate: 30% (1998 est.)

Budget:
revenues: $3.6 billion
expenditures: $5.1 billion, including capital expenditures of $NA
(1998 est.)

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

Industrial production growth rate: NA%

Electricity--production: 17 billion kWh (1996)

Electricity--production by source:
fossil fuel: 100%
hydro: 0%
nuclear: 0%
other: 0% (1996)

Electricity--consumption: 17 billion kWh (1996)

Electricity--exports: 0 kWh (1996)

Electricity--imports: 0 kWh (1996)

Agriculture--products: wheat, barley, olives, dates, citrus,
vegetables, peanuts; beef, eggs

Exports: $6.8 billion (f.o.b., 1998 est.)

Exports--commodities: crude oil, refined petroleum products,
natural gas

Exports--partners: Italy, Germany, Spain, France, Turkey, Greece,
Egypt

Imports: $6.9 billion (c.i.f., 1998 est.)

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

Imports--partners: Italy, Germany, UK, France, Spain, Turkey,
Tunisia, Eastern Europe

Debt--external: $4 billion (1998 est.)

Economic aid--recipient: $8.4 million (1995)

Currency: 1 Libyan dinar (LD) = 1,000 dirhams

Exchange rates: Libyan dinars (LD) per US$1--0.3799 (November
1998), 0.3891 (1997), 0.3651 (1996), 0.3532 (1995), 0.3596 (1994);
official rate: 0.45 (December 1998)

Fiscal year: calendar year

Communications

Telephones: 411,000 (1999 est.)

Telephone system: telecommunications system is being modernized;
cellular telephone system became operational in 1996
domestic: microwave radio relay, coaxial cable, cellular,
tropospheric scatter, and a domestic satellite system w