Libya

Libya holds Africa's largest proven oil reserves, and petroleum is virtually the entire economy, but a decade of civil war and division since the 2011 fall of Muammar Gaddafi has repeatedly disrupted production.

Rival governments and armed factions have splintered the country, and oil output — its lifeline — swings with the conflict, leaving a potentially wealthy nation mired in instability.

Key Sectors

The economy is overwhelmingly based on oil and natural gas, which provide nearly all exports and government revenue; almost everything else is imported, and non-oil activity is minimal.