Libya: Economic and Political Overview
Under Muammar Gaddafi, Libya's political and economic system was based on the Green Book, which outlined his "Third Universal Theory"—a proposed synthesis of liberalism and Marxism.
After Gaddafi’s fall in 2011, the UN recognised the Transitional National Council (TNC) as the interim authority. It was succeeded in 2015 by the Government of National Accord (GNA), which faced opposition from the eastern-based Libyan National Army (LNA), led by Khalifa Haftar.
In March 2021, a Government of National Unity (GNU) was formed to unify rival administrations, with Abdul Hamid Dbeibeh as Prime Minister. However, political divisions persisted, and in 2022 the eastern House of Representatives appointed a rival government under Fathi Bashagha.
As of 2025, Libya remains divided between the Tripoli-based GNU and the eastern-based Government of National Stability, with ongoing UN-led efforts to organise national elections and reunify institutions.
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Latest Update: March 2026