
Libya

Libya
Population
7,458,555 (2025)
Average Monthly Net Salary (USD)
315
Average Mortgage Rate
7.00%
Annual GDP (USD)
48,098,909,614 (2025)
National Debt (USD)
8,328,000,000 (2022)
Unemployment Rate
18.76% (2025)
Armed Forces (active & reserve)
N/A
Military Expenditure (% GDP)
5.29% (2023)
Fertility Rate
2.30 (2024)
Life Expectancy at birth
71.1 years (2024)
Population Growth
1.04% (2025)
Net Migration
-172 (2025)
Notable Facts
Libya’s geography is dominated by the Sahara Desert, which covers more than 90% of the total land area. The country is divided into three historical regions: Tripolitania in the northwest, Cyrenaica in the east, and Fezzan in the southwest. The coastal strip along the Mediterranean Sea provides the only fertile land capable of supporting significant agriculture and dense human settlement. To the south, the terrain transitions into vast sand seas (ergs), gravel plains (serirs), and rugged volcanic mountains like the Tibesti Massif on the border with Chad. This hyper-arid environment has historically dictated the settlement patterns of the Libyan people, with the majority of the population residing within a few dozen kilometers of the sea, where the Mediterranean climate offers milder temperatures and seasonal rainfall.
The political structure of Libya is currently defined by an ongoing transition following the 2011 revolution and the collapse of the decades-long Jamahiriya system. Since then, the country has been governed by a series of interim authorities, including the Government of National Unity (GNU) based in Tripoli and the House of Representatives (HoR) situated in the east. This bifurcated political landscape is the result of complex domestic negotiations and international mediation aimed at unifying the nation’s institutions. The legal framework is largely based on civil law principles with significant influences from Islamic Sharia. Legislative power is theoretically vested in the parliament, but the practical administration of the country is often divided between rival executive bodies and local municipal councils, making the central state's authority a subject of continuous political dialogue.
Libya’s economy is overwhelmingly dominated by the hydrocarbon sector, which accounts for approximately 95% of export earnings and 60% of the national Gross Domestic Product. The country possesses the largest proven oil reserves in Africa and the ninth-largest globally. These vast resources are primarily located in the Sirte Basin, which contains about 80% of the nation's recoverable oil. The National Oil Corporation (NOC) oversees the exploration, production, and marketing of crude oil and natural gas. Because of this heavy reliance on a single commodity, the Libyan economy is highly susceptible to fluctuations in global energy prices and domestic production interruptions. Revenues from oil exports are the primary source of funding for the national budget, public sector salaries, and extensive state subsidies on fuel and basic food items.