The International Monetary Fund (IMF) expects Libya to top the list of Arab countries in terms of growth in 2025, with an expected growth rate of 13.7%.
A recent report issued by the IMF expected that growth in Libya would move from 2.4% this year to 13.7% in 2025, placing Libya at the forefront of the Middle East and North Africa region in terms of growth expectations.
The international institution had previously expected that the Libyan economy would continue to achieve growth next year, supported by the recovery witnessed by the oil sector, in addition to the success of the Libyan parties in overcoming the Central Bank crisis that lasted for weeks.
The IMF warned of Libya's continued dependence on oil and gas, stressing that the country was in dire need of a clear national economic vision for the future.
The oil and gas sector accounted for 60% of the gross domestic product, 94% of exports, and 97% of government revenues, according to data published by the World Bank in 2023.
