The Socialist People’s Libyan Arab Jamahiriya : 2005 Article IV Consultation: Staff Report; and Public Information Notice on the Executive Board Discussion

Author/Editor:

International Monetary Fund

Publication Date:

April 10, 2006

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. 06/136

Subject:

Notes:

Also available online in Arabic

English

Publication Date:

April 10, 2006

ISBN/ISSN:

9781451823073/1934-7685

Stock No:

1LBYEA2006001

Price:

$15.00 (Academic Rate:$15.00)

Format:

Paper

Pages:

46

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