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Libya Market Research
Libya, country located in North Africa. Most of the country lies in the Sahara desert, and much of its population is concentrated along the coast and its immediate hinterland, where Tripoli (Ṭarābulus), the de facto capital, and Banghāzī (Benghazi), another major city, are located.
Libya comprises three historical regions—Tripolitania in the northwest, Cyrenaica in the east, and Fezzan in the southwest. The Ottoman authorities recognized them as separate provinces. Under Italian rule, they were unified to form a single colony, which gave way to independent Libya. For much of Libya’s early history, both Tripolitania and Cyrenaica were more closely linked with neighboring territories than with one other.
The Libyan economy depends primarily upon revenues from the oil sector, which account for over half of GDP and 97% of exports. Libya holds the largest proven oil reserves in Africa and is an important contributor to the global supply of light, sweet crude.
The World Bank defines Libya as an ‘Upper Middle Income Economy’, along with only seven other African countries. Substantial revenues from the energy sector, coupled with a small population, give Libya one of the highest per capita GDPs in Africa. This allowed the Libyan Arab Jamahiriya state to provide an extensive level of social security, particularly in the fields of housing and education.
Libya faces many structural problems including a lack of institutions, weak governance, and chronic structural unemployment. The economy displays a lack of economic diversification and significant reliance on immigrant labor. Libya has traditionally relied on unsustainably high levels of public sector hiring to create employment.
Libya Market Research – 1+1 Research ( 1Plus1 Research ) is one of the top market research company in Libya providing quantitative and qualitative research services. We are committed to providing high-quality data collection, opinion mining, and sentiment analysis to companies worldwide. 1+1 Research is considered as one of the best market research company in Libya to work with because of our in-house capabilities including the recruitment team which can recruit difficult to reach target audiences from different geographies, cultures, and business sectors.