Why does Libya have such a high average wealth although it is surrounded by poorer countries?

Jan

Dan G asked:

It has the same wealth as USA!

ANTWAN

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Comments

Pale Rider on 5 January, 2008 at 11:32 am #

Because the US bombed Khadafi’s house in the 80’s. It must have knocked some sense into him.

sdn90036 on 7 January, 2008 at 3:50 am #

One word, oil. Libya has a lot of oil.

Nick on 9 January, 2008 at 5:29 am #

you said today ‘no natural resources’, does that include oil?

this is why GDP is inaccurate. Saudi Arabia is similar

bear in mind, USA is an extremely populous country.