The Mudcat Café TM
Thread #136495   Message #3166115
Posted By: The Sandman
06-Jun-11 - 03:25 PM
Thread Name: BS: Bombing of Tripoli March-April, 2011
Subject: RE: BS: Bombing of Tripoli March-April, 2011
Economy

The Economy of Libya is centrally planned and follows Gadaffi's Socialist ideals. It depends primarily upon revenues from the petroleum sector, which contributes practically all export earnings and over half of GDP. These oil revenues and a small population have given Libya the highest nominal per capita GDP in Africa.[29] Since 2000, Libya has recorded favourable growth rates with an estimated 10.6% growth of GDP in 2010.