Part 123
The Libyan economy depends primarily upon revenues from the oil sector, which contribute about 95% of export earnings, 25% of GDP, and 80% of government revenue. The weakness in world hydrocarbon prices in 2009 reduced Libyan government tax income and constrained economic growth. Substantial revenues from the energy sector coupled with a small population give Libya one of the highest per capita GDPs in Africa, but little of this income flows down to the lower orders of society. Libyan officials in the past five years have made progress on economic reforms as part of a broader campaign to reintegrate the country into the international fold. This effort picked up steam after UN sanctions were lifted in September 2003 and as Libya announced in December 2003 that it would abandon programs to build weapons of mass destruction. The process of lifting US unilateral sanctions began in the spring of 2004; all sanctions were removed by June 2006, helping Libya attract greater foreign direct investment, especially in the energy sector. Libyan oil and gas licensing rounds continue to draw high international interest; the National Oil Corporation (NOC) set a goal of nearly doubling oil production to 3 million bbl/day by 2012. In November 2009, the NOC announced that that target may slip to as late as 2017. Libya faces a long road ahead in liberalizing the socialist-oriented economy, but initial steps - including applying for WTO membership, reducing some subsidies, and announcing plans for privatization - are laying the groundwork for a transition to a more market-based economy. The non-oil manufacturing and construction sectors, which account for more than 20% of GDP, have expanded from processing mostly agricultural products to include the production of petrochemicals, iron, steel, and aluminum. Climatic conditions and poor soils severely limit agricultural output, and Libya imports about 75% of its food. Libya's primary agricultural water source remains the Great Manmade River Project, but significant resources are being invested in desalinization research to meet growing water demands.
GDP (purchasing power parity):
$89.03 billion (2010 est.) country comparison to the world: 74 $86.19 billion (2009 est.)
$86.77 billion (2008 est.)
note: data are in 2010 US dollars
GDP (official exchange rate):
$77.91 billion (2010 est.)
GDP - real growth rate:
3.3% (2010 est.) country comparison to the world: 110 -0.7% (2009 est.)
2.7% (2008 est.)
GDP - per capita (PPP):
$13,800 (2010 est.) country comparison to the world: 83 $13,600 (2009 est.)
$14,000 (2008 est.)
note: data are in 2010 US dollars
GDP - composition by sector:
agriculture: 2.6%
industry: 63.8%
services: 33.6% (2010 est.)
Labor force:
1.729 million (2010 est.) country comparison to the world: 125
Labor force - by occupation:
agriculture: 17%
industry: 23%
services: 59% (2004 est.)
Unemployment rate:
30% (2004 est.) country comparison to the world: 180
Population below poverty line:
NA
note: About one-third of Libyans live at or below the national poverty line
Household income or consumption by percentage share:
lowest 10%: NA%
highest 10%: NA%
Investment (gross fixed):
13.2% of GDP (2010 est.) country comparison to the world: 141
Public debt:
3.3% of GDP (2010 est.) country comparison to the world: 131 3.9% of GDP (2009 est.)
Inflation rate (consumer prices):
3% (2010 est.) country comparison to the world: 92 2.4% (2009 est.)
Central bank discount rate:
4% (31 December 2009) country comparison to the world: 87 5% (31 December 2008)
Commercial bank prime lending rate:
8.41% (31 December 2008) country comparison to the world: 137 6% (31 December 2007)
Stock of narrow money:
$29.85 billion (31 December 2010 est) country comparison to the world: 56 $29.82 billion (31 December 2009 est)
Stock of broad money:
$35.98 billion (31 December 2010 est.) country comparison to the world: 70 $36.2 billion (31 December 2009 est.)
Stock of domestic credit:
$55.03 billion (31 December 2010 est.) country comparison to the world: 61 $41.13 billion (31 December 2009 est.)
Market value of publicly traded shares:
$NA
Agriculture - products:
wheat, barley, olives, dates, citrus, vegetables, peanuts, soybeans; cattle
Industries:
petroleum, petrochemicals, aluminum, iron and steel, food processing, textiles, handicrafts, cement
Industrial production growth rate:
2.7% (2010 est.) country comparison to the world: 118
Electricity - production:
23.98 billion kWh (2007 est.) country comparison to the world: 67
Electricity - consumption:
22.17 billion kWh (2007 est.) country comparison to the world: 66
Electricity - exports:
104 million kWh (2007 est.)
Electricity - imports:
77 million kWh (2007 est.)
Oil - production:
1.79 million bbl/day (2009 est.) country comparison to the world: 18
Oil - consumption:
280,000 bbl/day (2009 est.) country comparison to the world: 44
Oil - exports:
1.542 million bbl/day (2007 est.) country comparison to the world: 15
Oil - imports:
575 bbl/day (2007 est.) country comparison to the world: 194
Oil - proved reserves:
47 billion bbl (1 January 2010 est.) country comparison to the world: 9
Natural gas - production:
15.9 billion cu m (2008 est.) country comparison to the world: 33
Natural gas - consumption:
5.5 billion cu m (2008 est.) country comparison to the world: 57
Natural gas - exports:
10.4 billion cu m (2008 est.) country comparison to the world: 20
Natural gas - imports:
0 cu m (2008 est.) country comparison to the world: 162
Natural gas - proved reserves:
1.539 trillion cu m (1 January 2010 est.) country comparison to the world: 23
Current account balance:
$15.53 billion (2010 est.) country comparison to the world: 20 $10.06 billion (2009 est.)
Exports:
$44.89 billion (2010 est.) country comparison to the world: 58 $37.16 billion (2009 est.)
Exports - commodities:
crude oil, refined petroleum products, natural gas, chemicals
Exports - partners:
Italy 37.65%, Germany 10.11%, France 8.44%, Spain 7.94%, Switzerland 5.93%, US 5.27% (2009)
Imports:
$24.47 billion (2010 est.) country comparison to the world: 64 $22.01 billion (2009 est.)
Imports - commodities:
machinery, semi-finished goods, food, transport equipment, consumer products
Imports - partners:
Italy 18.9%, China 10.54%, Turkey 9.92%, Germany 9.78%, France 5.63%, Tunisia 5.25%, South Korea 4.02% (2009)
Reserves of foreign exchange and gold:
$107.3 billion (31 December 2010 est.) country comparison to the world: 13 $104.2 billion (31 December 2009 est.)
Debt - external:
$6.378 billion (31 December 2010 est.) country comparison to the world: 98 $5.891 billion (31 December 2009 est.)
Stock of direct foreign investment - at home:
$18.64 billion (31 December 2010 est.) country comparison to the world: 70 $15.56 billion (31 December 2009 est.)
Stock of direct foreign investment - abroad:
$15.32 billion (31 December 2010 est.) country comparison to the world: 49 $13.92 billion (31 December 2009 est.)
Exchange rates:
Libyan dinars (LYD) per US dollar - 1.2648 (2010), 1.2535 (2009), 1.2112 (2008), 1.2604 (2007), 1.3108 (2006)
Communications ::Libya
Telephones - main lines in use:
1.101 million (2009) country comparison to the world: 74
Telephones - mobile cellular:
5.004 million (2009) country comparison to the world: 95
Telephone system:
general assessment: telecommunications system is state-owned and service is poor, but investment is being made to upgrade; state retains monopoly in fixed-line services; mobile-cellular telephone system became operational in 1996
domestic: multiple providers for a mobile telephone system that is growing rapidly; combined fixed-line and mobile-cellular teledensity is approaching 100 telephones per 100 persons
international: country code - 218; satellite earth stations - 4 Intelsat, NA Arabsat, and NA Intersputnik; submarine cable to France and Italy; microwave radio relay to Tunisia and Egypt; tropospheric scatter to Greece; participant in Medarabtel (2009)
Broadcast media:
state controls broadcast media; state-owned terrestrial TV station and about a half-dozen state-owned satellite stations broadcast; some provinces operate local TV stations; a single, non-state-owned TV station launched in 2007; pan-Arab satellite TV stations are available; state-owned radio broadcasts on a number of frequencies, some of which carry regional programming; Voice of Africa, Libya's external radio service, can also be heard; a single, non-state-owned radio station broadcasting (2007)
Internet country code:
.ly
Internet hosts:
12,432 (2010) country comparison to the world: 120
Internet users:
353,900 (2009) country comparison to the world: 124
Transportation ::Libya
Airports:
137 (2010) country comparison to the world: 42
Airports - with paved runways:
total: 59
over 3,047 m: 24
2,438 to 3,047 m: 5
1,524 to 2,437 m: 23
914 to 1,523 m: 6
under 914 m: 1 (2010)
Airports - with unpaved runways:
total: 78
over 3,047 m: 3
2,438 to 3,047 m: 2
1,524 to 2,437 m: 14
914 to 1,523 m: 42
under 914 m: 17 (2010)
Heliports:
2 (2010)
Pipelines:
condensate 776 km; gas 2,860 km; oil 6,987 km (2009)
Roadways:
total: 100,024 km country comparison to the world: 43 paved: 57,214 km
unpaved: 42,810 km (2003)
Merchant marine:
total: 27 country comparison to the world: 89 by type: cargo 5, chemical tanker 4, liquefied gas 3, petroleum tanker 13, roll on/roll off 2
foreign-owned: 5 (Kuwait 1, Norway 1, Syria 2, UK 1)
registered in other countries: 5 (Hong Kong 1, Malta 4) (2010)
Ports and terminals:
Marsa al Burayqah, Ra's Lanuf, Tripoli
Military ::Libya
Military branches:
Armed Peoples on Duty (APOD, Army), Libyan Arab Navy, Libyan Arab Air Force (Al-Quwwat al-Jawwiya al-Jamahiriya al-Arabia al-Libyya, LAAF), Libyan Coast Guard (2008)
Military service age and obligation:
17 years of age (2004)
Manpower available for military service:
males age 16-49: 1,746,512
females age 16-49: 1,683,390 (2010 est.)
Manpower fit for military service:
males age 16-49: 1,490,011
females age 16-49: 1,436,613 (2010 est.)
Manpower reaching militarily significant age annually:
male: 59,842
female: 57,357 (2010 est.)
Military expenditures:
3.9% of GDP (2005 est.) country comparison to the world: 25
Transnational Issues ::Libya
Disputes - international:
Libya has claimed more than 32,000 sq km in southeastern Algeria and about 25,000 sq km in the Tommo region of Niger in a currently dormant dispute; various Chadian rebels from the Aozou region reside in southern Libya
Refugees and internally displaced persons:
refugees (country of origin): 8,000 (Palestinian Territories) (2007)
Trafficking in persons:
current situation: Libya is a transit and destination country for men and women from sub-Saharan Africa and Asia trafficked for the purposes of forced labor and commercial sexual exploitation
tier rating: Tier 2 Watch List - Libya is on the Tier 2 Watch List for its failure to provide evidence of increasing efforts to address trafficking in persons in 2007 when compared to 2006, particularly in the area of investigating and prosecuting trafficking offenses; Libya did not publicly release any data on investigations or punishment of any trafficking offenses (2008)
page last updated on January 25, 2011
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@Liechtenstein (Europe)
Introduction ::Liechtenstein
Background:
The Principality of Liechtenstein was established within the Holy Roman Empire in 1719. Occupied by both French and Russian troops during the Napoleonic wars, it became a sovereign state in 1806 and joined the Germanic Confederation in 1815. Liechtenstein became fully independent in 1866 when the Confederation dissolved. Until the end of World War I, it was closely tied to Austria, but the economic devastation caused by that conflict forced Liechtenstein to enter into a customs and monetary union with Switzerland. Since World War II (in which Liechtenstein remained neutral), the country's low taxes have spurred outstanding economic growth. In 2000, shortcomings in banking regulatory oversight resulted in concerns about the use of financial institutions for money laundering. However, Liechtenstein implemented anti-money-laundering legislation and a Mutual Legal Assistance Treaty with the US that went into effect in 2003.
Geography ::Liechtenstein
Location:
Central Europe, between Austria and Switzerland
Geographic coordinates:
47 16 N, 9 32 E
Map references:
Europe
Area:
total: 160 sq km country comparison to the world: 218 land: 160 sq km
water: 0 sq km
Area - comparative:
about 0.9 times the size of Washington, DC
Land boundaries:
total: 76 km
border countries: Austria 34.9 km, Switzerland 41.1 km
Coastline:
0 km (doubly landlocked)
Maritime claims:
none (landlocked)
Climate:
continental; cold, cloudy winters with frequent snow or rain; cool to moderately warm, cloudy, humid summers
Terrain:
mostly mountainous (Alps) with Rhine Valley in western third
Elevation extremes:
lowest point: Ruggeller Riet 430 m
highest point: Vorder-Grauspitz 2,599 m
Natural resources:
hydroelectric potential, arable land
Land use:
arable land: 25%
permanent crops: 0%
other: 75% (2005)
Irrigated land:
NA
Natural hazards:
NA
Environment - current issues:
NA
Environment - international agreements:
party to: Air Pollution, Air Pollution-Nitrogen Oxides, Air Pollution-Persistent Organic Pollutants, Air Pollution-Sulfur 85, Air Pollution-Sulfur 94, Air Pollution-Volatile Organic Compounds, Biodiversity, Climate Change, Climate Change-Kyoto Protocol, Desertification, Endangered Species, Hazardous Wastes, Ozone Layer Protection, Wetlands
signed, but not ratified: Law of the Sea
Geography - note:
along with Uzbekistan, one of only two doubly landlocked countries in the world; variety of microclimatic variations based on elevation
People ::Liechtenstein
Population:
35,002 (July 2010 est.) country comparison to the world: 211
Age structure:
0-14 years: 16.6% (male 2,877/female 2,901)
15-64 years: 69.4% (male 11,917/female 12,220)
65 years and over: 13.9% (male 2,085/female 2,761) (2010 est.)
Median age:
total: 41.4 years
male: 40.8 years
female: 41.9 years (2010 est.)
Population growth rate:
0.683% (2010 est.) country comparison to the world: 143
Birth rate:
9.69 births/1,000 population (2010 est.) country comparison to the world: 200
Death rate:
7.49 deaths/1,000 population (July 2010 est.) country comparison to the world: 117
Net migration rate:
4.63 migrant(s)/1,000 population (2010 est.) country comparison to the world: 19
Urbanization:
urban population: 14% of total population (2008)
rate of urbanization: 0.5% annual rate of change (2005-10 est.)
Sex ratio:
at birth: 1.006 male(s)/female
under 15 years: 0.98 male(s)/female
15-64 years: 0.97 male(s)/female
65 years and over: 0.77 male(s)/female
total population: 0.94 male(s)/female (2010 est.)
Infant mortality rate:
total: 4.2 deaths/1,000 live births country comparison to the world: 201 male: 5.45 deaths/1,000 live births
female: 2.94 deaths/1,000 live births (2010 est.)
Life expectancy at birth:
total population: 80.19 years country comparison to the world: 24 male: 76.73 years
female: 83.66 years (2010 est.)
Total fertility rate:
1.53 children born/woman (2010 est.) country comparison to the world: 185
HIV/AIDS - adult prevalence rate:
NA
HIV/AIDS - people living with HIV/AIDS:
NA
HIV/AIDS - deaths:
NA
Nationality:
noun: Liechtensteiner(s)
adjective: Liechtenstein
Ethnic groups:
Liechtensteiner 65.6%, other 34.4% (2000 census)
Religions:
Roman Catholic 76.2%, Protestant 7%, unknown 10.6%, other 6.2% (June 2002)
Languages:
German (official), Alemannic dialect
Literacy:
definition: age 10 and over can read and write
total population: 100%
male: 100%
female: 100%
School life expectancy (primary to tertiary education):
total: 15 years
male: 16 years
female: 14 years (2008)
Education expenditures:
NA
Government ::Liechtenstein
Country name:
conventional long form: Principality of Liechtenstein
conventional short form: Liechtenstein
local long form: Fuerstentum Liechtenstein
local short form: Liechtenstein
Government type:
constitutional monarchy
Capital:
name: Vaduz
geographic coordinates: 47 08 N, 9 31 E
time difference: UTC+1 (6 hours ahead of Washington, DC during Standard Time)
daylight saving time: +1hr, begins last Sunday in March; ends last Sunday in October
Administrative divisions:
11 communes (Gemeinden, singular - Gemeinde); Balzers, Eschen, Gamprin, Mauren, Planken, Ruggell, Schaan, Schellenberg, Triesen, Triesenberg, Vaduz
Independence:
23 January 1719 (Principality of Liechtenstein established); 12 July 1806 (independence from the Holy Roman Empire)
National holiday:
Assumption Day, 15 August
Constitution:
5 October 1921; amended 15 September 2003
Legal system:
local civil and penal codes based on civil law system; accepts compulsory ICJ jurisdiction with reservations
Suffrage:
18 years of age; universal
Executive branch:
chief of state: Prince HANS ADAM II (since 13 November 1989, assumed executive powers on 26 August 1984); Heir Apparent Prince ALOIS, son of the monarch (born 11 June 1968); note - on 15 August 2004, HANS ADAM transferred the official duties of the ruling prince to ALOIS, but HANS ADAM retains status of chief of state
head of government: Head of Government Klaus TSCHUETSCHER (since 25 March 2009)
cabinet: Cabinet elected by the Parliament, confirmed by the monarch (For more information visit the World Leaders website ) elections: the monarchy is hereditary; following legislative elections, the leader of the majority party in the Landtag usually appointed the head of government by the monarch and the leader of the largest minority party in the Landtag usually appointed the deputy head of government by the monarch if there is a coalition government
Legislative branch:
unicameral Parliament or Landtag (25 seats; members elected by popular vote under proportional representation to serve four-year terms)
elections: last held on 8 February 2009 (next to be held in February 2013)
election results: percent of vote by party - VU 47.6%, FBP 43.5%, FL 8.9%; seats by party - VU 13, FBP 11, FL 1
Judicial branch:
Supreme Court or Oberster Gerichtshof; Court of Appeal or Obergericht
Political parties and leaders:
Die Freie Liste (The Free List) or FL [Wolfgang MARXER]; Fortschrittliche Buergerpartei (Progressive Citizens' Party) or FBP [Alexander BATLINER]; Vaterlaendische Union (Fatherland Union) or VU [Adolf HEEB]
Political pressure groups and leaders:
NA
International organization participation:
CE, EBRD, EFTA, IAEA, ICCt, ICRM, IFRCS, Interpol, IOC, IPU, ITSO, ITU, ITUC, OPCW, OSCE, PCA, Schengen Convention (de facto member), UN, UNCTAD, UPU, WIPO, WTO
Diplomatic representation in the US:
chief of mission: Ambassador Claudia FRITSCHE
chancery: 2900 K Street, NW, Suite 602B, Washington, DC 20007
telephone: [1] (202) 331-0590
FAX: [1] (202) 331-3221
Diplomatic representation from the US:
the US does not have an embassy in Liechtenstein; the US Ambassador to Switzerland is accredited to Liechtenstein
Flag description:
two equal horizontal bands of blue (top) and red with a gold crown on the hoist side of the blue band; the colors may derive from the blue and red livery design used in the principality's household in the 18th century; the prince's crown was introduced in 1937 to distinguish the flag from that of Haiti
National anthem:
name: "Oben am jungen Rhein" (High Above the Young Rhine)
lyrics/music: Jakob Joseph JAUCH/unknown
note: adopted 1850, revised 1963; the anthem uses the tune of "God Save the Queen"
Economy ::Liechtenstein
Economy - overview:
Despite its small size and limited natural resources, Liechtenstein has developed into a prosperous, highly industrialized, free-enterprise economy with a vital financial service sector and the highest per capita income in the world. The Liechtenstein economy is widely diversified with a large number of small businesses. Low business taxes - the maximum tax rate is 20% - and easy incorporation rules have induced many holding companies to establish nominal offices in Liechtenstein providing 30% of state revenues. The country participates in a customs union with Switzerland and uses the Swiss franc as its national currency. It imports more than 90% of its energy requirements. Liechtenstein has been a member of the European Economic Area (an organization serving as a bridge between the European Free Trade Association (EFTA) and the EU) since May 1995. The government is working to harmonize its economic policies with those of an integrated Europe. In 2008, Liechtenstein came under renewed international pressure - particularly from Germany - to improve transparency in its banking and tax systems. In December 2008, Liechtenstein signed a Tax Information Exchange Agreement with the US. Upon Liechtenstein's conclusion of 12 bilateral information-sharing agreements, the OECD in October 2009 removed the principality from its "grey list" of countries that had yet to implement the organization's Model Tax Convention.
GDP (purchasing power parity):
$4.16 billion (2007) country comparison to the world: 168 $4.035 billion (2006 est.)
GDP (official exchange rate):
$4.603 billion (2007)
GDP - real growth rate:
3.1% (2007 est.) country comparison to the world: 116
GDP - per capita (PPP):
$122,100 (2007 est.) country comparison to the world: 2
GDP - composition by sector:
agriculture: 8%
industry: 39%
services: 54% (2007)
Labor force:
32,440 of whom 16,200 commute from Austria, Switzerland, and Germany to work each day (2008) country comparison to the world: 202
Labor force - by occupation:
agriculture: 1.7%
industry: 43.5%
services: 55.4% (December 2006)
Unemployment rate:
1.5% (31 December 2007) country comparison to the world: 8 1.3% (September 2002)
Population below poverty line:
NA%
Household income or consumption by percentage share:
lowest 10%: NA%
highest 10%: NA%
Inflation rate (consumer prices):
0.5% (2009) country comparison to the world: 12
Market value of publicly traded shares:
$NA
Agriculture - products:
wheat, barley, corn, potatoes; livestock, dairy products
Industries:
electronics, metal manufacturing, dental products, ceramics, pharmaceuticals, food products, precision instruments, tourism, optical instruments
Industrial production growth rate:
NA%
Exports:
$3.92 billion (2008) country comparison to the world: 117
Exports - commodities:
small specialty machinery, connectors for audio and video, parts for motor vehicles, dental products, hardware, prepared foodstuffs, electronic equipment, optical products
Imports:
$2.59 billion (2008) country comparison to the world: 145
Imports - commodities:
agricultural products, raw materials, energy products, machinery, metal goods, textiles, foodstuffs, motor vehicles
Debt - external:
$0 (2001) country comparison to the world: 196
Exchange rates:
Swiss francs (CHF) per US dollar - 1.0723 (2010), 1.0881 (2009), 1.0774 (2008), 1.1973 (2007), 1.2539 (2006)
Communications ::Liechtenstein
Telephones - main lines in use:
19,600 (2009) country comparison to the world: 195
Telephones - mobile cellular:
35,000 (2009) country comparison to the world: 200
Telephone system:
general assessment: automatic telephone system
domestic: fixed-line and mobile-cellular services widely available; combined telephone service subscribership exceeds 150 per 100 persons
international: country code - 423; linked to Swiss networks by cable and microwave radio relay (2008)
Broadcast media: