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

Dan G asked:


It has the same wealth as USA!

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This entry was posted on Saturday, March 28th, 2009 at 7:01 pm and is filed under Other - Business & Finance. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

4 Responses to “Why does Libya have such a high average wealth although it is surrounded by poorer countries?”

1. Cleopatra on April 1st, 2009 at 3:57 am

   Create a video blog…instantly.

   Oil

2. Pale Rider on April 4th, 2009 at 12:45 pm

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

3. sdn90036 on April 7th, 2009 at 6:20 pm

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

4. Nick on April 8th, 2009 at 5:38 pm

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   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.

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