Middle East Economic Survey

VOL. LIV

No 8

21-Feb-2011

LIBYA

IMF Says Libyas Real GDP Growth Rose 10% In 2010

Libyas real GDP growth surged by an estimated 10% in 2010 as a result of an increase in oil production, with non-hydrocarbons rising by 7%, the IMF said on 15 February after its Article IV consultation with the North African country. The rise follows a fall in real GDP by an estimated 1.6% in 2009, despite a rise in non-hydrocarbon growth by 6% mainly driven by investments in...