focus africa
Focus : Africa
Helping Indian companies do business with Africa
INDIA
INDIA
Africa
AFRICA
INDIA : India’s Trade with the African Region notched US$ 38.96 Billion in the year 2009-10 (DGCI&S provisional figures) constituting 8.37% share in India’s total trade. Trade with the region has grown at a CAGR of 18.10% from US$ 4.48 Billion in 1996-97.
AFRICA : 54 Countries, 1 billion people, US$ 1.01 Billion of trade. Imports worth US$ 468 billion include Mineral Fuels, Oils, Machinery, Vehicles including Boats, Ships, Aircrafts, Electronics & Electricals, Iron & Steel & Articles thereof, Cereals, Plastics, Pharmaceuticals, etc.

Top 20 product groups imported by select African countries ............. [More].
Country at a Glance

Region
Northern Africa   

Country
 Libya          

Country Head
Secretary General of the General People’s Congress: Mohamed Abdul Quasim al-Zwai     

Prime Minister: Baghdadi Mahmudi        

Capital
Tripoli

Population
6,324,357       

GDP(PPP)
$ 92.46 billion (2008 est.)

GDP Per Capita
$ 15,200 (2009)           

Main Language
 Arabic

 

 

Libya

Libya

Libya is located in the northern part of Africa with a total area of 1,759,540 sq km. The country has a coastline of 1770 km and is bordered by Algeria, Chad, Egypt, Niger, Sudan and Tunisia. Libya is further divided into 22 districts. The following table shows the 22 districts:

22 districts

The main revenue generator of the Libyan economy is the oil sector which contributes to 25% of GDP and 95% of the export earnings. The region has proven reserves of 41.46Bn bbls of oil and ranks 12th in the world for its exports. Substantial revenue generated from the energy sector coupled with a small population gives Libya one of the highest per capita GDPs in Africa, though only little of which flows down to the lower orders of society.

The agriculture sector accounts for only 2.1% of the GDP and employs 17% of the total work force. The poor soil and climatic conditions severely limit the agricultural output. Libya imports about 75% of the food, access to water is also a problem. The Great Manmade River project is tapping the vast underground water which intends to country’s agricultural output.

The tourism sector is on a rise and thus there is an increased demand for hotels, resorts and other accommodations. The sector accounts for 9.4% of the GDP and provides employment to people in the same ratio. The country has various tourist attraction spots like the Roman sites like the Leptis Magna ruins, the Greek sites like the temple of Zeus in Cyrene. Libya also has 90% of the Saharan Desert which has many tourist attractions like historic arts, habitation in oases and desert lakes.  A multi-million dollar renovation of Libyan airports has recently been approved by the government to meet the demand of the tourists.

Apex Bodies

Libyan Export Promotion Center

Benghazi Chamber of Commerce, Industry and Agriculture

Derna Chamber of Commerce, Industry and Agriculture

 

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Useful Information

Government Website

Government Portal: http://www.gpc.gov.ly/html/home.php#
Ministry of Economy and Trade: www.ect.gov.ly
Ministry of Finance:  http://www.mof.gov.ly

Industry Association

The Libyan Business Council: http://www.lybc-ly.org/

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