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Is Libya a developed country

Updated: 11/4/2022
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13y ago

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Libya is a developed country and not a developing country. It is considered as the most developed country in Africa because of the oil that is produced. So many countries in the world depend on Libyan oil for example America gets about 90,000 barrels of oil per day and uses about 20 million dollars per year. Libya is also an OPEC member (Organization of the Petroleum Exporting Countries). This organization has been widely criticized because most oil-rich countries the determine the prices and oil production. Libya is also ranked number 5 most developed country in Africa on 2007 and number 81 globally because of its oil sector.

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13y ago
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