The New Palgrave Dictionary of Economics

2018 Edition
| Editors: Macmillan Publishers Ltd

Libya, Economics of

  • Barry Turner
Reference work entry


Libya enjoyed solid growth performance in the first decade of the century. In 2003 UN sanctions were lifted after Libya admitted complicity in the 1988 Lockerbie aircraft bombing. In 2004 the USA lifted almost all of its unilateral sanctions after Libya agreed to give up its nuclear weapons programmes.


Libyan dinar Millemes UN Sanctions 

JEL Classifications

O53 R11 
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Copyright information

© Macmillan Publishers Ltd. 2018

Authors and Affiliations

  • Barry Turner
    • 1
  1. 1.