Espottswood
ECONOMY
editStatistics
editGDP
edit| Purchasing power parity: | US $78.79 billion (2007) |
| Real growth rate: | 5.4 percent (2007) |
| Per capita: | Purchasing power parity--US$13,100 (2007) |
| Composition by sector: | Agriculture 2.1 percent; Industry 81.7 percent; and Services 16.2 percent (2007) |
| Inflation rate (consumer prices): | 3.3 percent (2007) |
| Labor force: | 1.83 million (2007) |
| By occupation: | Industry 23 percent; Services 59 percent; Government 24 percent; and Agriculture 17 percent (2004) |
| Unemployment rate: | 20.74 percent (2009) |
| Budget: | Revenues: US$3.6 billion
Expenditures: US$5.1 billion (1998) |
| Industries: | Natural gas and oil production, iron and steel, food processing, textiles, handicrafts, and cement (2008) |
| Currency: | Libyan Dinar (LYD), 1 LYD = 1000 Dirhams; LYD = 1.2 US$ (2008); notes are .25, .50, 1, 5, and 10 dinars. Coins are seldom used, but are found in 10, 100, and 250 dirhams. |
The socialist-oriented economy depends primarily on oil revenues, which constitutes practically 95% [1][2] export earnings and a quarter of the gross domestic product (GDP). These oil revenues and a small population give Libya one of the highest per capita GDPs in Africa [1] but the revenue is disparately distributed. Libya also has the highest unemployment rate in the region despite the high GDP. The end of sanctions in 2004[1][3][4] and the increase in oil prices has allowed an increase in Libya’s export revenue.
In this statist society, import restrictions and inefficient resource allocations up until recently have led to periodic shortages of basic goods and foodstuffs. The non-oil manufacturing and construction sectors, which account for 20 percent of GDP[1][5], have expanded from processing mostly agricultural products to including the production of petrochemicals, iron, steel, as well as aluminum.
Agriculture accounts for only 2.1 percent of GDP; it employs 17 percent of the labor force. Climatic conditions and poor soil severely limit farm output, and Libya imports 75 percent of its food requirements[5][6]. The UN sanctions imposed in April 1992 did not have a major impact on the economy, although they did increase transaction and transportation costs. UN sanctions were lifted 12 September 2003[1]Cite error: A <ref> tag is missing the closing </ref> (see the help page).[2][3].
- ^ a b c d e [Libya Economic Data| http://www.intute.ac.uk/sciences/worldguide/html/941_economic.html]
- ^ a b [Country Report: Libya| http://overons.rabobank.com/content/images/Libya08_tcm64-75095.pdf]
- ^ a b [Libya Background Information| http://www.overseastraveltips.com/cache/c024/northern-africa/libya.htm?q=Economy]
- ^ [Company Focus: Libya| http://www.pipelinedubai.com/focus/cf0805.htm]
- ^ a b [Doing Business in Libya| http://www.buyusa.gov/libya/en/doingbusinessinlibya.html]
- ^ [Libya| http://www.eoearth.org/article/Libya]
The article Russian strategic threats to the United States via Latin America has been proposed for deletion because of the following concern:
- The article is synthesis of some events from 1960s (not connected to Russia of today) and other issues which the article author appears to have collated, along with some original research.
While all contributions to Wikipedia are appreciated, content or articles may be deleted for any of several reasons.
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Please consider improving the article to address the issues raised. Removing {{dated prod}} will stop the proposed deletion process, but other deletion processes exist. The speedy deletion process can result in deletion without discussion, and articles for deletion allows discussion to reach consensus for deletion. Russavia I'm chanting as we speak 00:45, 17 March 2010 (UTC)
Articles for deletion nomination of Russian strategic threats to the United States via Latin America
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I have nominated Russian strategic threats to the United States via Latin America, an article that you created, for deletion. I do not think that this article satisfies Wikipedia's criteria for inclusion, and have explained why at Wikipedia:Articles for deletion/Russian strategic threats to the United States via Latin America. Your opinions on the matter are welcome at that same discussion page; also, you are welcome to edit the article to address these concerns. Thank you for your time.
Please contact me if you're unsure why you received this message. Russavia I'm chanting as we speak 06:07, 24 March 2010 (UTC)