Introduction – Libya
Located in North Africa, the fourth largest country in Africa is Libya. It has an area of 1.8 million square kilometers. Owing to its vast area, the country also stands to be the 16th largest country in the world. The population of the country is 6 million and one-sixth population resides in the largest city of Tripoli which also happens to be its capital city.
The culture of Libya is diverse due to the different countries that dominated it in the past before it finally became free. The official language of the country is Arabic and the official religion is Islam. The country is the 17th most populated country in the world. The total GDP of the country, according to the recent studies is $93.875 billion and the per capita GDP of the country is $14,854. The GDP of this country is better than many other countries of the African continent.
The growth in the country’s GDP was tremendous in the year 2012 at 12% as reported by the International Monetary Fund; although, this rapid growth in the GDP went down to 16.7% in the year 2013. The rates of unemployment in the country are also high. The country was among the top economies in the world in the 1980s with GDP greater than some of the developed countries today.
The country’s major revenue comes from industries like:
Oil: this industry accounts for 80% of the GDP and 97% of the country’s exports. Also, Libya has the 10th largest oil reserve in the world.
How can Axcel Gases help?
With the economy of Libya suffering heavily and the low rates of GDP in the 2000s, the country can receive a great deal of help from industries that manufacture premium air and engineering products. One of the leading gas cylinder manufacturer and cylinder exporters, Libya can see a great boost in its industries by importing products like:
Axcel Gases products:
Improve Sales by 300%
Improve Industrial Efficiency by 200%
Enhance Customer Satisfaction by 100%
To know how Axcel Gases can help your business, please call +91 9811080055 or Contact Us