
The British “Economist” magazine suggested that Libya would be among the ten fastest growing countries in the world next year, with a GDP growth rate of 20.9%, supported by a recovery in oil and gas production.
In its report on growth expectations next year, the magazine emphasized that the high growth rate in Libya reflects a modest recovery from the disaster of war, as Libya ranks third after Macau, located on the southern coast of China, as the fastest growing country in GDP by 35%, followed by Guyana in second place, with expected growth rate of 23%.
It is worth noting that the “OPEC” organization announced an increase in the share of Libyan oil production by 93%, after the increase in production from 656 thousand barrels per day last month to 1.2 million barrels per day this month.