The Socialist People’s Libyan Arab Jamahiriya: 2005 Article IV Consultation: Staff Report; and Public Information Notice on the Executive Board Discussion
Electronic Access:
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Summary:
This 2005 Article IV Consultation underlies that in 2004, Libya’s macroeconomic performance was satisfactory, owing mainly to higher oil prices and increased oil output. Real GDP grew 4½ percent while consumer prices declined. The favorable developments in the oil market contributed to a significant improvement in the external current account surplus, which reached some 24 percent of GDP. In 2005, macroeconomic performance remained relatively strong. Real GDP growth was about 3½ percent, and inflation low. In contrast to previous years, economic growth is estimated to have been generated mainly in the non-oil economy.
Series:
Country Report No. 2006/136
Subject:
Commercial banks Commodities Exchange rates Expenditure Financial institutions Foreign exchange Imports International trade Oil
Notes:
Also available online in Arabic
English
Publication Date:
April 10, 2006
ISBN/ISSN:
9781451823073/1934-7685
Stock No:
1LBYEA2006001
Pages:
46
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