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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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  • International Monetary Fund

Abstract

This 2005 Article IV Consultation underlies that in 2004, Libya’s macroeconomic performance was satisfactory, owing mainly to higher oil prices and increased oil output. Real GDP grew 4½ percent while consumer prices declined. The favorable developments in the oil market contributed to a significant improvement in the external current account surplus, which reached some 24 percent of GDP. In 2005, macroeconomic performance remained relatively strong. Real GDP growth was about 3½ percent, and inflation low. In contrast to previous years, economic growth is estimated to have been generated mainly in the non-oil economy.

Suggested Citation

  • International Monetary Fund, 2006. "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 2006/136, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2006/136
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    Cited by:

    1. Pantea Vaziri & Rachel Davidson & Linda Nozick & Mahmood Hosseini, 2010. "Resource allocation for regional earthquake risk mitigation: a case study of Tehran, Iran," Natural Hazards: Journal of the International Society for the Prevention and Mitigation of Natural Hazards, Springer;International Society for the Prevention and Mitigation of Natural Hazards, vol. 53(3), pages 527-546, June.
    2. Rochelle Belkar & Lynne Cockerell & Christopher Kent, 2008. "Current Account Deficits: Tha Australian Debate," Central Banking, Analysis, and Economic Policies Book Series, in: Kevin Cowan & Sebastián Edwards & Rodrigo O. Valdés & Norman Loayza (Series Editor) & Klaus Schmidt- (ed.),Current Account and External Financing, edition 1, volume 12, chapter 13, pages 491-535, Central Bank of Chile.

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