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GDP per person is around 550 dollars and life expectancy is only at 35 years old
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From around 1800 to 1819, the GDP growth stayed very much the same, however, in 1820 we see the beggining of a increase in income.
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Better medical advances in the world
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Libya holds the largest proven oil reserves in Africa. By having oil, a country's wealth is easily brought up. Look, for example, at Dubai, which is one of the 7 arab emirates. It is a very wealthy city, with many rich people coming from there.
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Libya holds the largest proven oil reserves in Africa. By having oil, a country's wealth is easily brought up. Look, for example, at Dubai, which is one of the 7 arab emirates. It is a very wealthy city, with many rich people coming from there.
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Falling world oil prices in the early 1980s and economic sanctions caused a serious decline in economic activity.
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Today oil exports continue to generate about 95% of export earnings and 25% of the country's GDP