Libya Oil Economy
Production, global prices, and oil revenues
Libya's economy relies centrally on oil and gas: the sector is the near-sole source of foreign currency and the largest funder of the public budget. This topic tracks crude production, global Brent prices, and actual oil revenues.
Following these indicators together helps gauge how sensitive public finances and the exchange rate are to any production or price shock.
Related indicators
Crude Oil Production
Average Crude Oil Selling Price
Brent Crude — Global price
Frequently asked questions
How much oil does Libya produce?
Output shifts with field conditions; the latest verified reading is available in the oil production indicator card below.