s Arab nationalist movements
with almost negligible memberships may be functioning clandestinely,
as well as some Islamic elements

Member of: ABEDA, AfDB, AFESD, AL, AMF, AMU, CAEU, CCC, ECA, FAO,
G-77, IAEA, IBRD, ICAO, ICRM, IDA, IDB, IFAD, IFC, IFRCS, ILO, IMF,
IMO, INTELSAT, INTERPOL, IOC, ISO, ITU, NAM, OAPEC, OAU, OIC, OPEC,
UN, UNCTAD, UNESCO, UNIDO, UNITAR, UPU, WFTU, WHO, WIPO, WMO, WTO

Diplomatic representation in US: none

US diplomatic representation: none

Flag: plain green; green is the traditional color of Islam (the state
religion)

@Libya:Economy

Overview: The socialist-oriented economy depends primarily upon
revenues from the oil sector, which contributes practically all export
earnings and about one-third of GDP. In 1990 per capita GDP was the
highest in Africa at $5,410, but GDP growth rates have slowed and
fluctuated sharply in response to changes in the world oil market.
Import restrictions and inefficient resource allocations have led to
periodic shortages of basic goods and foodstuffs. Windfall revenues
from the hike in world oil prices in late 1990 improved the foreign
payments position and resulted in a current account surplus through
1992. The nonoil manufacturing and construction sectors, which account
for about 20% of GDP, have expanded from processing mostly
agricultural products to include petrochemicals, iron, steel, and
aluminum. Although agriculture accounts for only 5% of GDP, it employs
18% of the labor force. Climatic conditions and poor soils severely
limit farm output, and Libya imports about 75% of its food
requirements. The UN sanctions imposed in April 1992 have not yet had
a major impact on the economy because Libya's oil revenues generate
sufficient foreign exchange which sustains imports of food, consumer
goods, and equipment for the oil industry and ongoing development
projects.

National product: GDP - purchasing power parity - $32.9 billion (1994
est.)

National product real growth rate: -0.9% (1994 est.)

National product per capita: $6,510 (1994 est.)

Inflation rate (consumer prices): 25% (1993 est.)

Unemployment rate: NA%

Budget:
revenues: $8.1 billion
expenditures: $9.8 billion, including capital expenditures of $3.1
billion (1989 est.)

Exports: $7.2 billion (f.o.b., 1994 est.)
commodities: crude oil, refined petroleum products, natural gas
partners: Italy, Germany, Spain, France, UK, Turkey, Greece,