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 48.3196bn (World ranking 87, World Bank 2018) |
| Population | 6.68mn (World ranking 108, World Bank 2018) |
| Form of state | Transitional government |
| Head of government | Fayez al-Sarraj (Chairman of the Presidential Council) |
| Next elections | N/A |
- 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