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This study is purposing to studying the development of the growth rates in Libya’s economy, as this study is purposing to know the real reasons of the decreasing or wiggling in the rate of the economic growth, beside to know the development that’s happened in the main growth rates in the economic sector of Libya’s economy and the change that happened to it during the period (1970-2015). The economic growth is a process in which increased the real income an increase that cumulative and persistent during a period of time, where the investment according as most important factor in the investment process and the growth status materializewith a whole process of making capital, the process of expand the rate of the local production growth and that’s by using the available local source, lie in taken two kind of decisions. The first ones:Attachingin which sectors we should investing with. The second ones: Blend of factors which must be using to product goods and services which rule the production technology, where the result pointed that the investment is the most important factor in the growth process and the status of growth materialize with the whole process of making capital, as the result showed that the Libya’s economy had notice a rising with the growth rates in the product sectors during the study period. It’s arranged on it the speed of the living level improving, and that’s considered a positive indicator whichhad service the path of the economic growth in Libya. The Key Words: The Evolution of the Economy / The Rate of the Growth / The Libyan Economy.
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[AMMAR BEN ZAED. (2017); The evolution of GDP growth rate in the economy of Libya. Int. J. of Adv. Res. 5 (Mar). 584-598] (ISSN 2320-5407). www.journalijar.com
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