Libya
Libya facts and figures
Libya's National Day
24 December
Situated in the north of Africa, and sharing a border to the west with fellow OPEC Member Country Algeria, Libya is the 16th largest country in the world in terms of land mass, comprising around 1,760 thousand square kilometres. More than a quarter of the country’s six million plus inhabitants live in its capital city, Tripoli. Arabic is the main language.
Apart from petroleum, Libya's other natural resources are natural gas and gypsum. Its economy depends primarily on the oil sector. Substantial revenues from the energy sector, coupled with a small population, give Libya one of the highest per capita GDPs in Africa. The national currency is the dinar.
The country joined OPEC in 1962.
Did you know?
- Libya's huge man-made river is the largest water transportation project ever undertaken and carries more than five million cubic metres of water per day across the desert to coastal areas.
- Libya's first productive oil well was struck in 1959 at Amal and Zelten, now known as Nasser. The country began exporting oil in 1961.
Below data covers 2023
| Population (million inhabitants) | 6.85 |
|---|---|
| Land area (1,000 sq km) | 1,760 |
| GDP per capita ($) | 6,576 |
| Nominal GDP at market prices (million $) | 45,011 |
| Value of exports (million $) | 36,343 |
| Value of petroleum exports (million $) | 30,689 |
| Current account balance (million $) | 5,110 |
| Proven crude oil reserves (million barrels) | 48,363 |
| Proven natural gas reserves (billion cu. m.) | 1,505 |
| Crude oil production (1,000 b/d) | 1,189 |
| Marketed production of natural gas (million cu. m.) | 11,750 |
| Refinery capacity (1,000 b/cd) | 634 |
| Output of petroleum products (1,000 b/d) | 112 |
| Oil demand (1,000 b/d) | 200 |
| Crude oil exports (1,000 b/d) | 1,024 |
| Exports of petroleum products (1,000 b/d) | 91 |
| Natural gas exports (million cu. m.) | 1,066 |
- b/d (barrels per day)
- cu. m. (cubic metres)
- b/cd (barrels per calendar day)
Source: Annual Statistical Bulletin 2024
-
HE Dr. Khalifa Rajab Abdulsadek
Minister of Oil and Gas
Head of Delegation -
Mr. Mustafa Abdulla Almukhtar Benisa
Governor for OPEC
Chairman of the Board of Governors -
Mr. Asaad Khalifa
National Representative