benjamingonzales
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pm | | Economy of Libya (18th Dec 22 at 9:45am UTC) | | The country's currency is the Libyan dinar. The symbol used for this currency is ل.د and is abbreviated as LYD. 17.7% of the country's population is unemployed. The total number of unemployed in Libya is 1,145,359. Libya exports about US$38.45 billion and imports about US$27.15 billion each year. The country's Gini Index is 36. Libya has a Human Development Index (HDI) of 0.784. The Global Peace Index (GPI) for Libya stands at 2,819. Libya has a public debt of 61.5% of the country's gross domestic product (GDP) as estimated in 2012. Libya is considered a developing country. A nation's level of development is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality and quality of life. The country's main industries are petroleum, petrochemicals, aluminum, iron and steel, food processing, textiles, handicrafts, cement.
The total Gross Domestic Product (GDP) valued as Purchasing Power Parity (PPP) in Libya is US$97,938 billion. Every year, consumers spend around $21,510 million. The ratio of consumer spending to GDP in Libya is 0%, and the ratio of consumer spending to world consumer market is 0.0621. Corporate tax in Libya is 20%. Personal income tax ranges from 5% to 10% depending on your specific situation and income level. VAT in Libya is 0%. In 2013, Libya received $87 million in foreign aid. In 2014, foreign aid totaled $642.1.
https://www.confiduss.com/en/jurisdictions/libya/economy/ | |
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