The Problem of Poverty and Its Impact on Sustainable Development in Developing Countries: A Case Study of Libya (2000–2024)

Abstract

This study aims to analyze the impact of poverty on the achievement of sustainable development goals in Libya during the period (2000–2024). The study is based on the problem of the contradiction between the country's abundant oil revenues and the erosion of real income, accompanied by rising poverty rates due to structural imbalances in the economy. The research adopts a descriptive-analytical approach combined with a quantitative econometric method, utilizing a Multiple Linear Regression model estimated via Ordinary Least Squares (OLS) and data processing through EViews 13 software. The econometric analysis reveals a statistically significant negative effect of both inflation and unemployment on per capita gross domestic product (GDP), with the explanatory power of the model reaching 84%. The study recommends strengthening monetary policies and accelerating economic diversification as essential strategies to break the cycle of poverty in accordance with Libya's Vision 2030.