
Originally Posted by
strabolay
you need to make research little sis before claiming such...
"The Libyan economy depends primarily upon revenues from the
oil sector, which constitute practically all
export earnings and about one-quarter of
gross domestic product (
GDP). The discovery of the oil and
natural gas reserves in the country in 1959 led to the transformation of Libya's economy from a poor country to (then) Africa's richest. The
World Bank defines Libya as an 'Upper Middle Income Economy', along with only seven other African countries.
[162] In the early 1980s, Libya was one of the wealthiest countries in the world; its
GDP per capita was higher than that of developed countries such as
Italy,
Singapore,
South Korea,
Spain and
New Zealand.
"
so funny ang imong research... 1980's pa man diay imong data
2010 GDP per capita in $
Singapore 42,653
Italy 33,828
New Zealand 31,588
Spain 29,875
Korea, South 20,165
Libya 12,062
basin imong theory 1980s gihapon

UK and France are much interested in Libya