Bayda is one of the major cities in eastern Libya, and one of its major economic centers. It is also the industrial and commercial center in Libya. The major manufactured goods include food products, fertilizers and agricultural products, food processing, and imported goods, and produce from villages near the city in the Akhdar region, including cereals, dates, olives, wool, and meat. Bayda also has one of the most important markets of vegetables and fruits in Libya, because of the naturally fertile lands.
Financing is also important, and the city's National Commercial Bank is the second largest bank in Libya. It also has a number of other large banks, including the Office of the Central Bank of Libya in the city center. There is also the Agricultural Research Centre and the main animal and large national firms, such as Brega Oil Marketing Company and Gulf Oil, are important to the city's economy. Coupled with an increase in consumer prices, is an increase in the importance of the retail sector in the economy of the city. In recent years, international companies such as United Colors of Benetton, H & M, and Nike, have opened in Bayda
