| | With about 1,76 sq km<ref>Central Intelligence Agency (CIA) - World Factbook, Last Updated: Feb 23, 2012. Accessed: Feb 29, 2012. URL: https://www.cia.gov/library/publications/the-world-factbook/geos/ly.html</ref>, Libya is the second biggest North African country. Located between Algeria and Tunisia in the west and Egypt in the east, Libya also borders the Mediterranean Sea in the north and (from west to east) Niger, Chad and the Sudan in the south. Virtually a hundred percent of its land territory is land area. Apart from the access to the sea (about 12 nm)<ref>ibid.</ref>, Libya has no water resources on land, which consists to more than 90%<ref>ibid.</ref> of desert or semi-desert. Libyan climate ranges from Mediterranean along the coast line to extremely dry in the interior when going south. Although the barren, flat and undulating plains allow only a limited amount of land (1.03% of total territory)<ref>ibid.</ref> to be arable, Libya’s soil is hiding great richness. Most prominent natural resources are petroleum, natural gas and gypsum. Especially the first two natural resources are the main driving factor for the Libyan economy. Hydrocarbons contribute about 95% of export earning, 65% of the GDP and about 80% of government revenue.<ref>Central Intelligence Agency (CIA) - World Factbook, Last Updated: Feb 23, 2012. Accessed: Mar 14, 2012. URL: https://www.cia.gov/library/publications/the-world-factbook/geos/ly.html</ref> It also due to the fossil matter, that Libya has also always enjoyed a fairly high international interest and relevance. Although the revolution of 2011, which has brought the old regime of Colonel Muammar Gaddafi to a downfall, has empeded economic goals, it is also widely considered to be an unique opportunity entrepreneurial activity and thus economic growth. | | With about 1,76 sq km<ref>Central Intelligence Agency (CIA) - World Factbook, Last Updated: Feb 23, 2012. Accessed: Feb 29, 2012. URL: https://www.cia.gov/library/publications/the-world-factbook/geos/ly.html</ref>, Libya is the second biggest North African country. Located between Algeria and Tunisia in the west and Egypt in the east, Libya also borders the Mediterranean Sea in the north and (from west to east) Niger, Chad and the Sudan in the south. Virtually a hundred percent of its land territory is land area. Apart from the access to the sea (about 12 nm)<ref>ibid.</ref>, Libya has no water resources on land, which consists to more than 90%<ref>ibid.</ref> of desert or semi-desert. Libyan climate ranges from Mediterranean along the coast line to extremely dry in the interior when going south. Although the barren, flat and undulating plains allow only a limited amount of land (1.03% of total territory)<ref>ibid.</ref> to be arable, Libya’s soil is hiding great richness. Most prominent natural resources are petroleum, natural gas and gypsum. Especially the first two natural resources are the main driving factor for the Libyan economy. Hydrocarbons contribute about 95% of export earning, 65% of the GDP and about 80% of government revenue.<ref>Central Intelligence Agency (CIA) - World Factbook, Last Updated: Feb 23, 2012. Accessed: Mar 14, 2012. URL: https://www.cia.gov/library/publications/the-world-factbook/geos/ly.html</ref> It also due to the fossil matter, that Libya has also always enjoyed a fairly high international interest and relevance. Although the revolution of 2011, which has brought the old regime of Colonel Muammar Gaddafi to a downfall, has empeded economic goals, it is also widely considered to be an unique opportunity entrepreneurial activity and thus economic growth. |
