Compare Libya (2008) - Libya (2007)

Compare Libya (2008) z Libya (2007)

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	Libya (2008)	Libya (2007)

Background	The Italians supplanted the Ottoman Turks from the area around Tripoli in 1911 and did not relinquish their hold until 1943 when defeated in World War II. Libya then passed to UN administration and achieved independence in 1951. Following a 1969 military coup, Col. Muammar Abu Minyar al-QADHAFI began to espouse his own political system, the Third Universal Theory. The system is a combination of socialism and Islam derived in part from tribal practices and is supposed to be implemented by the Libyan people themselves in a unique form of "direct democracy." QADHAFI has always seen himself as a revolutionary and visionary leader. He used oil funds during the 1970s and 1980s to promote his ideology outside Libya, supporting subversives and terrorists abroad to hasten the end of Marxism and capitalism. In addition, beginning in 1973, he engaged in military operations in northern Chad's Aozou Strip - to gain access to minerals and to use as a base of influence in Chadian politics - but was forced to retreat in 1987. UN sanctions in 1992 isolated QADHAFI politically following the downing of Pan AM Flight 103 over Lockerbie, Scotland. During the 1990s, QADHAFI began to rebuild his relationships with Europe. UN sanctions were suspended in April 1999 and finally lifted in September 2003 after Libya accepted responsibility for the Lockerbie bombing. In December 2003, Libya announced that it had agreed to reveal and end its programs to develop weapons of mass destruction and to renounce terrorism, and QADHAFI has made significant strides in normalizing relations with western nations since then. He has received various Western European leaders as well as many working-level and commercial delegations, and made his first trip to Western Europe in 15 years when he traveled to Brussels in April 2004. Libya has responded in good faith to legal cases brought against it in US courts for terrorist acts that predate its renunciation of violence. Claims for compensation in the Lockerbie bombing, LaBelle disco bombing, and UTA 772 bombing cases are ongoing. The US rescinded Libya's designation as a state sponsor of terrorism in June 2006. In late 2007, Libya was elected by the General Assembly to a nonpermanent seat on the United Nations Security Council for the 2008-2009 term.	The Italians supplanted the Ottoman Turks from the area around Tripoli in 1911 and did not relinquish their hold until 1943 when defeated in World War II. Libya then passed to UN administration and achieved independence in 1951. Following a 1969 military coup, Col. Muammar Abu Minyar al-QADHAFI began to espouse his own political system, the Third Universal Theory. The system is a combination of socialism and Islam derived in part from tribal practices and is supposed to be implemented by the Libyan people themselves in a unique form of "direct democracy." QADHAFI has always seen himself as a revolutionary and visionary leader. He used oil funds during the 1970s and 1980s to promote his ideology outside Libya, supporting subversives and terrorists abroad to hasten the end of Marxism and capitalism. In addition, beginning in 1973, he engaged in military operations in northern Chad's Aozou Strip - to gain access to minerals and to use as a base of influence in Chadian politics - but was forced to retreat in 1987. UN sanctions in 1992 isolated QADHAFI politically following the downing of Pan AM Flight 103 over Lockerbie, Scotland. Libyan support for terrorism appeared to have decreased after the imposition of sanctions. During the 1990s, QADHAFI also began to rebuild his relationships with Europe. UN sanctions were suspended in April 1999 and finally lifted in September 2003 after Libya resolved the Lockerbie case. In December 2003, Libya announced that it had agreed to reveal and end its programs to develop weapons of mass destruction, and QADHAFI has made significant strides in normalizing relations with western nations since then. He has received various Western European leaders as well as many working-level and commercial delegations, and made his first trip to Western Europe in 15 years when he traveled to Brussels in April 2004. QADHAFI also resolved in 2004 some of the outstanding cases against his government for terrorist activities in the 1980s by compensating some families of victims of the Pan Am 103, French airliner UTA, and La Belle disco bombings. The US resumed full diplomatic relations with Libya in May 2006 and rescinded Libya's designation as a state sponsor of terrorism in June.
Budget	revenues: $39.62 billion expenditures: $19.51 billion (2007 est.)	revenues: $35.85 billion expenditures: $16.27 billion (2006 est.)
Debt - external	$4.837 billion (31 December 2007 est.)	$4.492 billion (2006 est.)
Diplomatic representation from the US	chief of mission: Ambassador (vacant); Charge d'Affaires J. Christopher Stevens embassy: Corinthia Bab Africa Hotel, Souq At-Tlat Al-Qadim, Tripoli mailing address: US Embassy, 8850 Tripoli Place, Washington, DC 20521-8850 telephone: [218] 21-335-1848	chief of mission: Ambassador (vacant); Charge d'Affaires ad Interim William B. MILAM embassy: Corinthia Bab Africa Hotel, Souq At-Tlat Al-Qadim, Tripoli mailing address: US Embassy, 8850 Tripoli Place, Washington, DC 20521-8850 telephone: [218] 21-335-1848
Economy - overview	The Libyan economy depends primarily upon revenues from the oil sector, which contribute about 95% of export earnings, about one-quarter of GDP, and 60% of public sector wages. Substantial revenues from the energy sector coupled with a small population give Libya one of the highest per capita GDPs in Africa, but little of this income flows down to the lower orders of society. Libyan officials in the past five years have made progress on economic reforms as part of a broader campaign to reintegrate the country into the international fold. This effort picked up steam after UN sanctions were lifted in September 2003 and as Libya announced in December 2003 that it would abandon programs to build weapons of mass destruction. Almost all US unilateral sanctions against Libya were removed in April 2004, helping Libya attract more foreign direct investment, mostly in the energy sector. Libyan oil and gas licensing rounds continue to draw high international interest; the National Oil Company set a goal of nearly doubling oil production to 3 million bbl/day by 2015. Libya faces a long road ahead in liberalizing the socialist-oriented economy, but initial steps - including applying for WTO membership, reducing some subsidies, and announcing plans for privatization - are laying the groundwork for a transition to a more market-based economy. The non-oil manufacturing and construction sectors, which account for more than 20% of GDP, have expanded from processing mostly agricultural products to include the production of petrochemicals, iron, steel, and aluminum. Climatic conditions and poor soils severely limit agricultural output, and Libya imports about 75% of its food. Libya's primary agricultural water source remains the Great Manmade River Project, but significant resources are being invested in desalinization research to meet growing water demands.	The Libyan economy depends primarily upon revenues from the oil sector, which contribute about 95% of export earnings, about one-quarter of GDP, and 60% of public sector wages. Substantial revenues from the energy sector coupled with a small population give Libya one of the highest per capita GDPs in Africa, but little of this income flows down to the lower orders of society. Libyan officials in the past four years have made progress on economic reforms as part of a broader campaign to reintegrate the country into the international fold. This effort picked up steam after UN sanctions were lifted in September 2003 and as Libya announced in December 2003 that it would abandon programs to build weapons of mass destruction. Almost all US unilateral sanctions against Libya were removed in April 2004, helping Libya attract more foreign direct investment, mostly in the energy sector. Libyan oil and gas licensing rounds continue to draw high international interest; the National Oil Company set a goal of nearly doubling oil production to 3 billion bbl/day by 2010. Libya faces a long road ahead in liberalizing the socialist-oriented economy, but initial steps - including applying for WTO membership, reducing some subsidies, and announcing plans for privatization - are laying the groundwork for a transition to a more market-based economy. The non-oil manufacturing and construction sectors, which account for more than 20% of GDP, have expanded from processing mostly agricultural products to include the production of petrochemicals, iron, steel, and aluminum. Climatic conditions and poor soils severely limit agricultural output, and Libya imports about 75% of its food. Libya's primary agricultural water source remains the Great Manmade River Project, but significant resources are being invested in desalinization research to meet growing water demands.
Exchange rates	Libyan dinars per US dollar - 1.2604 (2007), 1.3108 (2006), 1.3084 (2005), 1.305 (2004), 1.2929 (2003)	Libyan dinars per US dollar - 1.3108 (2006), 1.3084 (2005), 1.305 (2004), 1.2929 (2003), 1.2707 (2002)
Exports - partners	Italy 36.7%, Germany 14.3%, Spain 8.7%, US 6.1%, France 5.6%, Turkey 5.3% (2006)	Italy 37.1%, Germany 14.6%, Spain 7.7%, US 6.1%, France 5.6%, Turkey 5.4% (2006)
GDP - composition by sector	agriculture: 2.1% industry: 81.7% services: 16.2% (2007 est.)	agriculture: 2.2% industry: 79.5% services: 18.3% (2006 est.)
GDP - real growth rate	5.4% (2007 est.)	5.8% (2006 est.)
Imports - partners	Italy 18.9%, Germany 7.9%, China 7.5%, Tunisia 6.3%, France 5.8%, Turkey 5.2%, US 4.7%, South Korea 4.3%, UK 4% (2006)	Italy 18.9%, Germany 7.8%, China 7.6%, Tunisia 6.3%, France 5.8%, Turkey 5.3%, US 4.7%, South Korea 4.3%, UK 4% (2006)
Industrial production growth rate	5.6% (2007 est.)	NA%
Inflation rate (consumer prices)	3.3% (2007 est.)	2.7% (2006 est.)
International organization participation	ABEDA, AfDB, AFESD, AMF, AMU, AU, CAEU, COMESA, FAO, G-77, IAEA, IBRD, ICAO, ICRM, IDA, IDB, IFAD, IFC, IFRCS, ILO, IMF, IMO, IMSO, Interpol, IOC, IOM, IPU, ISO, ITSO, ITU, LAS, MIGA, NAM, OAPEC, OIC, OPCW, OPEC, PCA, UN, UN Security Council (temporary), UNCTAD, UNESCO, UNIDO, UNWTO, UPU, WCL, WCO, WFTU, WHO, WIPO, WMO, WTO (observer)	ABEDA, AfDB, AFESD, AMF, AMU, AU, CAEU, COMESA, FAO, G-77, IAEA, IBRD, ICAO, ICRM, IDA, IDB, IFAD, IFC, IFRCS, ILO, IMF, IMO, IMSO, Interpol, IOC, IOM, IPU, ISO, ITSO, ITU, LAS, MIGA, NAM, OAPEC, OIC, OPCW, OPEC, PCA, UN, UNCTAD, UNESCO, UNIDO, UNWTO, UPU, WCL, WCO, WFTU, WHO, WIPO, WMO, WTO (observer)
Labor force	1.82 million (2007 est.)	1.748 million (2006 est.)
Pipelines	condensate 882 km; gas 3,425 km; oil 6,956 km (2007)	condensate 882 km; gas 3,481 km; oil 6,916 km (2006)
Railways	0 km note: Libya has announced plans to build seven lines totaling 2,757 km of 1.435-m gauge track (2006)	0 km note: Libya is working on seven lines totaling 2,757 km of 1.435-m gauge track; it hopes to have trains running by 2008 (2006)
Telephone system	general assessment: telecommunications system is being modernized; mobile cellular telephone system became operational in 1996; combined fixed line and mobile telephone density reached 75 telephones per 100 persons in 2006 domestic: microwave radio relay, coaxial cable, cellular, tropospheric scatter, and a domestic satellite system with 14 earth stations international: country code - 218; satellite earth stations - 4 Intelsat, NA Arabsat, and NA Intersputnik; submarine cables to France and Italy; microwave radio relay to Tunisia and Egypt; tropospheric scatter to Greece; participant in Medarabtel (1999)	general assessment: telecommunications system is being modernized; mobile cellular telephone system became operational in 1996 domestic: microwave radio relay, coaxial cable, cellular, tropospheric scatter, and a domestic satellite system with 14 earth stations international: country code - 218; satellite earth stations - 4 Intelsat, NA Arabsat, and NA Intersputnik; submarine cables to France and Italy; microwave radio relay to Tunisia and Egypt; tropospheric scatter to Greece; participant in Medarabtel (1999)

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