The Socialist People’s Libyan Arab Jamahiriya: 2005 Article IV Consultation: Staff Report; and Public Information Notice on the Executive Board Discussion
IMF Staff Country Reports, April 10, 2006
Source details
- Canonical URL
- The Socialist People’s Libyan Arab Jamahiriya: 2005 Article IV Consultation: Staff Report; and Public Information Notice on the Executive Board Discussion
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Bibliographic details
- Published: April 10, 2006
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451823073.002
Summary findings
- In 2004, Libya’s macroeconomic performance was satisfactory, owing mainly to higher oil prices and increased oil output.
- Real GDP grew 4½ percent in 2004 while consumer prices declined.
- The external current account surplus reached some 24 percent of GDP in 2004, reflecting favorable developments in the oil market.
- In 2005, macroeconomic performance remained relatively strong:
- Real GDP growth was about 3½ percent.
- Inflation was low.
- Economic growth in 2005 is estimated to have been generated mainly in the non-oil economy, in contrast to previous years.
Macroeconomic themes and indicators
- Growth drivers:
- 2004: higher oil prices and increased oil output.
- 2005: predominance of non-oil economy growth.
- Prices and inflation:
- 2004: consumer prices declined.
- 2005: inflation described as low (no numeric inflation rate provided).
- External sector:
- 2004 external current account surplus: some 24 percent of GDP.
Coverage and metadata (as presented on the page)
- Series: Country Report No. 2006/136
- Issue: 136
- Volume: 2006
- Pages: 46
- DOI: https://doi.org/10.5089/9781451823073.002
- ISBN: 9781451823073
- ISSN: 1934-7685
- Date on page: April 10, 2006
International Monetary Fund. "The Socialist People’s Libyan Arab Jamahiriya: 2005 Article IV Consultation: Staff Report; and Public Information Notice on the Executive Board Discussion".
Content in this bundle
- _cr06136
- _cr06136a