Country Economic Forecasts > Libya - Oxford Economics Services

Country Economic Forecasts > Libya

Country Economic Forecasts > Libya - Oxford Economics Services
Country Economic Forecasts > Libya
Published Sep 01, 2016
4 pages — Published Sep 01, 2016
Price US$ 185.00  |  Buy this Report Now

About This Report

  
Abstract:

The Government of National Accord (GNA) has recently made progress in bringing some semblance of order to the political and economic environment. The rival National Oil Corporations have agreed to work together to increase oil exports, the Petroleum Facilities Guard has agreed to open the ports of Es Sider and Ras Lanuf, and the fight against IS militants in Sirte appears to be succeeding. The authority of the GNA is still resisted by the House of Representatives government, however, and significant political risks remain.Oil production remained low in the first seven months of the year, averaging 340,714 b/d, down 15% from the 2015 average of 402,000 b/d and less than a quarter of pre-crisis levels. At the same time, Brent crude prices have remained subdued, averaging about US$40pb for the same period compared to US$52pb last year. As a result, GDP is expected to contract by just over 3% in 2016 its fourth consecutive year of decline but not as severe as the last three years. Sliding reserves have heightened the risk of currency devaluation. The parallel exchange rate has exceeded LYD5 to the US$, compared with the official rate of LYD1.38, and this has put upward pressure on inflation, seen at about 23% this year compared with some 6% in 2015.

  
Source:
Document ID
342739
Country
Format:
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Sections

Title
Libya:
The following represents a general Table of Contents outline for the Country Economic
Forecast. The actual report may cover any or all of the topics listed below.
- Highlights and Key Issues - four/five paragraphs of analysis covering the
main economic and political issues contained in the subsequent Economic Overview
- Forecast Table showing % changes for the country - with 2 years of historical
data and 4 years of forecast data for the following:
- Domestic demand
- Private consumption
- Fixed investment
- Stockbuilding (% of GDP)
- Government consumption
- Exports of goods and services
- Imports of goods and services
- Unemployment
- Consumer prices
- Current account balance (US$ and % of GDP)
- Government budget (% of GDP)
- Short-term interest rates (%)
- Long-term interest rates (%)
- Exchange rate (vs. US dollar)
- Exchange rate (vs. euro)
- Economic Overview - two pages of events-driven analysis highlighting the
most recent economic activity and, where relevant, political developments of the
country, detailing significant changes to Oxford Economics' forecasts
- Charts and Tables - covering a full range of economic developments relevant
to the time period covered. These could include such topics as:
- Contributions to GDP growth
- Monthly industrial output
- Business and consumer confidence
- Unemployment rate
- Retail sales
- Prices and earnings
- Consumption and investment
- Government balance and debt
- GDP and industrial production
- Monetary policy and bond yields
- Background Information on the country
- One or two pages of text covering the main historical political and economic factors
that determine the country's current position
- Key Facts on the country
- Map of the country
- Key political facts
- Long-term economic and social development - changes since 1980
- Structure of GDP by output - latest year
- Long-term sovereign credit ratings and outlook
- Corruption perceptions index- latest year
- Structural economic indicators - changes since 1990
- Destination of goods' exports -prior years - latest year
- Composition of goods & services exports - latest year

Table Of Contents

Oxford Economics Services—Oxford Economics is a leading economic forecasting consultancy, producing macroeconomic and industry forecasts, analysis and data on 175 countries.

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Cite this Report

  
MLA:
Oxford Economics Services. "Country Economic Forecasts > Libya" Sep 01, 2016. Alacra Store. May 15, 2025. <http://www.alacrastore.com/storecontent/Oxford-Economics-Services/Country-Economic-Forecasts-Libya-2111-6138>
  
APA:
Oxford Economics Services. (2016). Country Economic Forecasts > Libya Sep 01, 2016. New York, NY: Alacra Store. Retrieved May 15, 2025 from <http://www.alacrastore.com/storecontent/Oxford-Economics-Services/Country-Economic-Forecasts-Libya-2111-6138>
  
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