The international economy has been affected by Libya's situation. Military activity in Libya led to international economic losses that hit Libya and neighboring states, such as Tunisia, Egypt and Algeria, as well as U.S. and EU economies. An economic report said military action against Libya caused around U.S. $50 billion in losses for foreign companies. The report said southern European states benefit from Libyan oil imports, which make up 15 percent of total imports. Foreign investment in Libya reaches U.S. $ 200 billion. In the first three months of 2011 Libyan imports dropped 35 percent. Imports include cement, beauty products and metals. In 2010, Libyan imports reached 6.8 million Libyan dinars (U.S. $5.6 million) but now do not exceed one million dinars (U.S $800 thousand). Libyan imports were suspended from February 20 to March 3. Libya's exports declined in early 2011 by 26.5 percent compared to the same period last year despite growing demand in the international markets due to the suspension of exports. Inflation rate in early 2011 is 3.1 percent while the same period in 2010 was about 4.9 percent. Arabic here.
