Libya is a North African dictatorship, ruled by Muammar al-Gaddafi since 1969. Libya borders Algeria and Tunisia to the west, Niger and Chad to the south, Sudan to the southeast, Egypt to the east, and the Mediterranean Sea to the north. Most of the population is concentrated in cities, with nearly 90 percent of Libyans living in either Tripoli or Benghazi, leaving the rural areas especially sparsely populated.

The Libyan economy is heavily dependent on oil revenues, which constitute about a quarter of the gross domestic product. The next largest sector of the economy is the production of manufacturing materials like petrochemicals and metals. Poor soil and water access limit agricultural possibilities, and Libya imports most of its food. It also means drug production in the ...

  • Loading...
locked icon

Sign in to access this content

Get a 30 day FREE TRIAL

  • Watch videos from a variety of sources bringing classroom topics to life
  • Read modern, diverse business cases
  • Explore hundreds of books and reference titles