E-commerce in Libya

E-commerce

E-commerce market

Libya has been in a state of turmoil since the overthrow of Mouammar Kadhafi in 2011. Consequently, the economic sectors in the country have been suffering for the past seven years, with most foreign investments leaving Libya. The crisis had a severe socioeconomic impact, affecting everyday life in multiple ways. Not only do Libyans have less cash to spend, but they also have less purchasing power given that the cost of living has increased substantially. As a result, e-commerce does not play a significant role in Libya. Informal business dealings have increased, boosting the black market, which is able to deliver certain goods and services otherwise unavailable. However, there are some e-commerce companies in the country, like Libyan Spider and Wecard - which, in collaboration with Amazon UK, allows its customers to purchase items online in Libyan dinars and have them delivered to Libya.