LIBYA
Country risk rating
D4
HIGH RISK for enterprise
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Economic risk
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Business environment risk
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Political risk
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Commercial risk
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Financing risk
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Economic risk
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Business environment risk
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Political risk
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Commercial risk
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Financing risk
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| GDP | USD 25.42bn (World ranking 102, World Bank 2020) |
| Population | 6.87mn (World ranking 107, World Bank 2020) |
| Form of state | Transitional government |
| Head of government | Mohamed Al-Menfi |
| Next elections |
2021 |
- Large gas and oil reserves
- Government open to foreign investment
- Strategic location on the Mediterranean sea, which facilitates trade
- Security concerns and political crisis are structural
- Large current account deficit
- Economy strongly affected by security conditions, especially when it comes to oil fields
- Although it is declining, there is still a strong inflation rate
- Due to its high dependency on oil exports, the country’s economy is very sensitive to changes in the oil price
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