Prior to the February 17, 2011, “Day of Rage,” Libya had a national budget surplus of 8.7 percent of GDP in 2010, with oil production at 1.8 million barrels per day, on track to reach its goal of 3 million barrels per day. Currently, oil production has decreased by over 80 percent. Following the revolution, the Libyan economy contracted by an estimated 41.8 percent, with a national deficit of 17.1 percent GDP in 2011.