Research and consulting in Libya


Research and consulting in Libya

Country Overview:

IOA has considerable experience in research and consulting projects on Libya. Our political and economic analysts have worked hand in hand, documenting the revival of the desert country’s oil industry as the post-civil war governance has brought signs of stability. Oil is the basis of the national economy, but its profitability is subject to global price fluctuations. However, the economy has greater potential than the fossil fuel industry, if Libya cares to harness its sunlight for solar power like other North African countries.

Agriculture, livestock and tourism all have promising futures in the country. While IOA economists consider Libya’s economic growth rate of 177% achieved in 2021 to be an anomaly, stable growth seems assured now that peace has been restored. Libya’s oil resources and oil industry infrastructure are intact and exporting revenue-earning oil. The rebuilding of infrastructure damaged by civil war will boost the construction, industrial and investment sectors for years to come.

Key opportunities in Libya:

  • The country’s large oil reserves will remain viable well into the future
  • Solar energy production is an investment with potential, while post-civil war infrastructure rebuilding will engage several industries for the immediate future
  • Once travel advisories are removed, tourists will bring a revival to the tourism sector

Key concerns/risks in Libya:

  • Armed groups – still desirous for power or national governance conducted on their own terms – are an obstacle to the complete return of security
  • Much national infrastructure rebuilding is required for normal economic life to resume
  • Poverty remains a primary societal ill

A sample IOA research report on Libya: