Economic Activities in Libya: Primary, Secondary, Tertiary, and Quaternary

Key Economic Insights: The economy of Libya generates an estimated GDP of $46.6 billion ($7,510 per capita) supporting a population of 7,417,134. Productive output is anchored by 46.4% services, 52.3% industry and manufacturing, and 1.3% agriculture and natural resource extraction. Key merchandise exports include Manufactured goods, mineral resources, and agricultural commodities, directed primarily toward Italy (26%), Spain (10%), Germany (9%), China (7%), and France (6%).

Libya, with a population of approximately 7,417,134 (as of 2024), is ranked 102 in population size, just behind Nicaragua. Located in North Africa, it covers a total area of 1,759,540 square kilometers, ranking 16 in size, just below Sudan.

As of 2024, Libya had a GDP of approximately $46.6 billion (World Bank estimate), reflecting an oil-dependent and historically volatile economy. In terms of GDP per capita, Libya stood at roughly $7,510 as of 2024, or about $12,300 when adjusted for purchasing power parity (PPP).

Despite challenges, Libya’s economy shows potential for growth and development, with opportunities for diversification and stability in the future.

Table of Contents

Libya Economic Structure & Sector Analysis

Economic Dimension	Official Indicator (2024–2026)	Authoritative Source
GDP & Macro Output	Nominal GDP: $46.6 billion \| Per Capita: $7,510	World Bank WDI / IMF
Sector Breakdown	Services: 46.4% \| Industry: 52.3% \| Agriculture: 1.3%	World Bank National Accounts
Trade & Commodities	Top Exports: Manufactured goods, mineral resources, and agricultural commodities (Total: $20.5 billion)	UN Comtrade / OEC
Demographics & Labor	Population: 7,417,134 \| Distributed workforce across formal & primary sectors	ILO / UN Population Division
Strategic Trade Corridors	Leading Trade Partners: Italy (26%), Spain (10%), Germany (9%), China (7%), and France (6%)	World Bank WITS / IMF DOTS

Primary activities (agriculture): approximately 1.3% of GDP (2017 estimate).
Secondary activities (industry): approximately 52.3% of GDP (2017 estimate), dominated by the oil and gas sector.
Tertiary activities (services): approximately 46.4% of GDP (2017 estimate).

Primary Sector of Libya

With 8.72% of the land dedicated to agriculture, the country produces a variety of crops and animal products, including potatoes, watermelons, tomatoes, onions, dates, milk, olives, chicken, wheat, and vegetables.

Despite contributing only 1.3% to the GDP, agriculture plays a crucial role in providing food security and employment. The diverse range of agricultural products underscores the sector’s significance in sustaining the country’s agricultural economy.

With a diverse geological landscape, the primary sector thrives on abundant natural resources like petroleum, natural gas, and gypsum. These resources play a crucial role in driving the economy through exports and revenue generation.Libya’s gas production reached 11.6 billion m³ in 2020, securing its position as the 39th largest natural gas producer globally. This significant output contributes substantially to the country’s economic activity, further bolstering its export potential and revenue streams.

Secondary Sector of Libya

In Libya, key industrial products include petroleum, petrochemicals, aluminum, iron and steel, food processing, textiles, handicrafts, and cement. These goods are manufactured for domestic use and export, contributing significantly to the country’s economy.In 2023, Libya’s manufactures exports accounted for a minimal percentage of the country’s total exports, indicating their limited significance in driving the economy.

Tertiary sector of Libya

Tripoli illustrating Libya's tertiary service sector

This sector involves intangible goods such as advice, expertise, and attention, catering to both consumer and business-to-business services. Key tertiary activities in Libya include healthcare and medical care, education and training, banking and finance, communication and information exchange, tourism and hospitality, and transportation and logistics.Highlighting these, Libya’s tourism sector is relatively insignificant, with a low number of annual arrivals compared to its population. The country’s challenging security situation, underdeveloped infrastructure, and limited touristic attractions have hindered tourism growth, making it a minor contributor to the overall economy.Another example of tertiary economic activity is the mobile cellular sector, which boasts approximately 14 million subscriptions, equating to over 200 per 100 inhabitants. This extensive connectivity fosters technological growth and innovation.

International Trade of Libya

Import Activities of Libya

As of 2023, Libya’s import activities accounted for a significant share of its economy, with goods imports totaling roughly $20.5 billion.Libya’s major import activities include refined petroleum, cars, garments, broadcasting equipment, and tobacco. The country’s top import partners are Turkey (15%), China (12%), Italy (12%), Greece (10%), and UAE (7%).

Exports Activities of Libya

As of 2023, Libya’s total goods exports reached roughly $35.2 billion, reflecting a high level of dependence on hydrocarbon exports, which account for over 95% of export earnings.Libya’s export activities are primarily focused on exporting crude petroleum, natural gas, gold, refined petroleum, and scrap iron. The country’s main export partners include Italy (26%), Spain (10%), Germany (9%), China (7%), and France (6%).

Libya economy challenges as of 2025

Libya, an upper middle-income country in North Africa, continues to face economic challenges driven by political division, oil-production disruptions, and heavy dependence on hydrocarbon revenues. Periodic oil blockades and field shutdowns cause sharp swings in output and GDP, while a large public-sector wage bill and subsidies dominate government spending. The state-owned National Oil Corporation (NOC) remains the country’s largest enterprise and the backbone of the economy.

Sources

Last updated: August 2026

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Post Author

Juan David Montoya

Economist & Senior Economic Researcher. Editorial Director of EconomicActivity.org. Specializes in macroeconomic indicators, international trade flows, and economic sector taxonomy (ISIC Rev. 4). Analyzes multilateral data from the World Bank, IMF, UN Comtrade, and OECD.