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Oil
Share of global reserves: 3.1%
Share of global production (2003): 1.9%
Share of petroleum sector in the economy: Oil export revenues account for about 80% of GDP and about 95% of Libya's hard currency earnings.
Demographics
Population: 5.5 million
Population growth rate: 2.37% (2004 est.)
GDP per capita: $6,400 (2004 est.)
Government type: military dictatorship
Religions: Sunni Muslim 97%
Literacy: 82.6%
Freedom House Ranking: not free
Terrorism and political unrest:
Libya's relations with the international community have been strained since 270 people were killed in the 1988 bombing of Pan Am flight 103 over Lockerbie, Scotland.
April 1992: U.N. Resolution 748 imposed economic sanctions on Libya for refusing to extradite two Libyan nationals accused of carrying out the attack, and for not cooperating in the investigations of other bombings.
November 1993: U.N. Resolution 883 extended the sanctions to include a freeze on Libyan funds overseas, a ban on the sale of oil equipment for oil and gas export terminals and refineries, and tougher restrictions on civil aviation and the supply of arms.
August 1996: the U.S. imposed additional sanctions on Libya as part of the Iran-Libya Sanctions Act.
Additional information
U.S. Dept. of Energy country analysis brief
MBendi Oil and Gas Industry profile
CIA World Factbook
Library of Congress
CFR: Libya and terror
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