9. Libya: GDP – $49.341 billion
The Libyan economy depends primarily upon revenues from the oil sector, which accounts for 80% of GDP and 97% of exports. Libya holds the largest proven oil reserves in Africa and is an important contributor to the global supply of light, sweet crude.Apart from petroleum, the other natural resources are natural gas and gypsum.The International Monetary Fund estimated Libya’s real GDP growth at 122% in 2012 and 16.7% in 2013, after a 60% plunge in 2011.
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