In 2019, oil rents in Libya constituted 43.89 percent of the Gross Domestic Product (GDP). From 2000 onwards, the trend has not been constant, with the share of oil rents rising and declining multiple times. The lowest share was attained in 2016 at 21.01 percent, while the peak was observed in 2006. In that year, the Libyan economy was substantially dependent on oil, with oil rents accounting for over 67.5 percent of the country’s GDP.
Oil rents as a percentage of Gross Domestic Product (GDP) in Libya from 2000 to 2019
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World Bank. (September 15, 2021). Oil rents as a percentage of Gross Domestic Product (GDP) in Libya from 2000 to 2019 [Graph]. In Statista. Retrieved June 27, 2022, from https://www.statista.com/statistics/1199703/oil-rents-as-a-share-of-gdp-in-libya/
World Bank. "Oil rents as a percentage of Gross Domestic Product (GDP) in Libya from 2000 to 2019." Chart. September 15, 2021. Statista. Accessed June 27, 2022. https://www.statista.com/statistics/1199703/oil-rents-as-a-share-of-gdp-in-libya/
World Bank. (2021). Oil rents as a percentage of Gross Domestic Product (GDP) in Libya from 2000 to 2019. Statista. Statista Inc.. Accessed: June 27, 2022. https://www.statista.com/statistics/1199703/oil-rents-as-a-share-of-gdp-in-libya/
World Bank. "Oil Rents as a Percentage of Gross Domestic Product (Gdp) in Libya from 2000 to 2019." Statista, Statista Inc., 15 Sep 2021, https://www.statista.com/statistics/1199703/oil-rents-as-a-share-of-gdp-in-libya/
World Bank, Oil rents as a percentage of Gross Domestic Product (GDP) in Libya from 2000 to 2019 Statista, https://www.statista.com/statistics/1199703/oil-rents-as-a-share-of-gdp-in-libya/ (last visited June 27, 2022)