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.
"