The Libyan economy is primarily driven by its vast oil reserves, which account for a significant portion of the country's revenue. Oil exports contribute to over 90% of government income, making Libya one of Africa's largest oil producers. The economy has faced challenges due to political instability and conflict, impacting production and investment. In addition to oil, Libya has a small agricultural sector and some mining activities. The government has made efforts to diversify the economy, but reliance on oil remains high. Economic reforms and infrastructure development are essential for future growth and stability in the Libyan economy.