The Minister of Planning in the Government of National Unity, Fakher Boufarna, said that the Libyan economy witnessed a significant growth last year, with a rate of 31.4% in the gross domestic product.
Boufarna, during a speech at the ceremony organized by the ministry today, Monday, in the presence of Prime Minister Abdul Hamid Dbeibeh, to launch the electronic dashboard for development projects and programs for the year 2021, stated that the non-oil GDP grew by 15.9% last year, in isolation from oil activities and at fixed prices.
The Director of the National Accounts Department at the Ministry of Planning, Nasser Salama, stated, by presenting the results of the income and national product accounts from 2006 to 2021, that the inflation rate at the level of the economy in Libya decreased from 28.2% in the year 2020 to 4.4% in relation to the last year 2021, adding that the increase in consumer prices reached 3.8%.
Nasser Salameh added that « the investment spending in the national economy in relation to the gross domestic product amounted to 21.5% in 2020 with a total value of 17.7 billion dinars, while the percentage in 2021 reached 13.2% with a total value of 22.6 billion dinars ».