The Economist newspaper estimated that Libya would achieve a GDP growth rate of 20.9% by next year, making it amongst the ten fastest growing countries in the world, particularly since the recovery of oil and gas production in the country. The Economist confirmed in a report on growth for next year that the high growth rate in Libya mirrors a modest recovery from the disaster of war and ranked Libya third after Macau, which was the fastest growing country in GDP by 35%, followed by Guyana in second place with an estimated growth rate of 23%.

Source: Libya Observer December 21, 2020 08:45 UTC