Libya's Economy Set for 14.3% Growth in 2025
Despite this positive outlook, the AMF warned that political instability and weak institutional capacity remain obstacles to structural reforms. Inflation has stayed low, dropping from 2.4% in 2023 to 2.1% in 2024, helped by a stable exchange rate.
The broader Arab economy is forecast to grow by 3.8% in 2025, up from 2.2% in 2024, before reaching 4.3% in 2026. Improved macroeconomic conditions and economic reforms are key drivers.
In a separate development, Libya's National Oil Corporation (NOC) announced a commercial oil discovery in the Ghadames Basin. Algeria's Sonatrach made the find, with expected output of 4,200 barrels per day. Libya's total crude production has now surpassed 1.3 million barrels per day. Tags: AMFeconomyHydrocarbonlibyaoil
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