Gross Domestic Product (GDP)
Libya has the largest proven oil reserves on the African continent. However, the country’s hydrocarbon production and exports have been substantially affected by civil unrest over the past few years. In 2012, the country’s oil production recovered, but remained lower than levels prior to the civil war. In 2011, Libya has produced about 30,962 ktoe of energy, which is about 360,088.19 GWh. Clearly, crude oil is by far the most prominent energy source, making up almost 79% of energy production. Libya’s total final consumption was 22,035 GWh in 2011. Commercial and Public Services accounted for 36% whilst the residential sector amounted to 24% and the Industry to 22%.