Liberia


Liberia Country Report: GDP data and GDP forecasts; economic, financial and trade information; the best banks in Liberia; country and population overview

DATA ON GDP AND ECONOMIC INFORMATION
Central bank N/A
International Reserves N/A
Gross Domestic Product - GDP US$ 1.353 billion (2011 estimate)
GDP (Purchasing Power Parity) 1.95 billion of International dollars (2011 estimate)
Real GDP growth
2001 2002 2003 2004 2005 2006 2007 2008
2.8% 3.8% -31.3% 2.6% 5.3% 7.8% 9.4% 4.7%
2009 2010 2011 2012*
2.8% 5% 6.4% 8.8%

*Estimate

GDP per capita - current prices US$ 340 (2009 estimate)
GDP per capita - PPP $490 International Dollars (2009 estimate)
GDP (PPP) - share of world total
1980 1990 2000 2010 2015**
N/A N/A 0% 0% 0%

**Forecast

GDP - composition by sector
  • agriculture: 76.9% 
  • industry: 5.4% 
  • services: 17.7% (2002 estimate)
  • (Data released on February 2012)

Gross domestic expenditure on R&D (% of GDP) N/A

(Data released on March 2012)

Inflation
2009 2010 2011 2012*
7.4%(2008) 7.3% 8.5% 5.2%

*Estimate

Unemployment rate
2009 2010 2011 2012*
N/A N/A N/A(2009) N/A

*Estimate

Household saving rates N/A

(Data released on December 2011)

Public debt (General government gross debt as a % of GDP)
2008 2009 2010 2011 2012*
388.9% 202.2% 15% 13.9% 14.5%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2008 2009 2010 2011* 2012**
-13.2% -13.7% -8.5% -3.4% -3.9%

*Estimate    **Forecast

Government bond ratings

Standard & Poor's: N/A

Moody's rating: N/A

Moody's outlook: N/A

(Foreign Currency Government Bond Ratings; Data last updated Dec 2011 and Nov 2012)

Market value of publicly traded shares
2009 2010 2011
N/A N/A N/A
Largest companies in Liberia Royal Caribbean Cruises (Hotels & Motels) (2012)
DATA ON TRADE AND COMPETITIVENESS
Current account balance US$ -818 million (2009 estimate)(After 2008)
Current account balance by percentage of GDP -60.5% of GDP (2009 estimate)(2009)
Exports as percent of GDP

(Exports of goods and services)

N/A

(Data released on April 2012)

Shares in world total merchandising export N/A(2007)

(Data were released in 2012 and refer to 2011)

Shares in world total commercial services export N/A(2007)

(Data were released in 2012)

Total exports US$506.5 million (2012 estimate) 
Export commodities rubber, timber, iron, diamonds, cocoa, coffee
Total imports US$785.3 million (2012 estimate) 
Import commodities fuels, chemicals, machinery, transportation equipment, manufactured goods; foodstuffs
Exports - major partners South Africa 29.9%, US 15.7%, Spain 7.6%, Cote dIvoire 4.9%, Germany 4.2%, Japan 4.1%, China 4% (2011)
Imports - major partners South Korea 42.4%, China 28.6%, Japan 18.9% (2011)
FDI inflows
2009 2010 2011
US$218 million US$450 million(2009) US$508 million(2009)
FDI outflows
2009 2010 2011
US$364 million US$369 million US$372 million
Value of cross-border M&A, by country of purchaser
2008 2009 2010 2011
N/A N/A(2009) N/A(2009) N/A
Cross-border M&A deals worth over $3 billion completed in 2010

(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A

(for a monthly update on M&A click here )

Cross-border M&A deals worth over $3 billion completed in 2011

(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A(2008 estimate)

(for a monthly update on M&A click here )

Best countries for doing business

World Bank/IFC Doing Business Project

(Economies are ranked on their ease of doing business, from 1 - 185. A high ranking means the regulatory environment is more conducive to the starting and operation of a local firm.)

Overall ranking: 149 out of 185 countries(2009) (2013)

Subcategories:

Starting a business: 38 out of 185 countries(2009)

Enforcing Contracts: 163 out of 185 countries

Registering Property: 178 out of 185 countries

Getting credit: 104 out of 185 countries

Protecting investors: 150 out of 185 countries

Trading across border: 137 out of 185 countries

Paying Taxes: 45 out of 185 countries

Dealing with Construction Permits: 126 out of 185 countries

Getting Electricity: 145 out of 185 countries

Resolving Insolvency: 159 out of 185 countries

(2013)

Global competitiveness ranking
(ranking by country on a basis of 144, the first is the best)
111

(2012)

Index of Economic Freedom

WSJ and Heritage Foundation

Ranking: 154 Score: 48.6 (Repressed) (2009)

(100=totally free 0=totally repressed )

COUNTRY AND POPULATION OVERVIEW
Time zone UTC 0
Total area 111,369 km2 (2006)
Capital Monrovia (2009)
Currency Liberian dollars (LRD) (2009)
Government type republic (2009)
Languages English 20% (official), some 20 ethnic group languages, of which a few can be written and are used in correspondence
Religions Christian 40%, Muslim 20%, indigenous beliefs 40%
Total population
1980 1990 2000 2012* 2017**
N/A N/A 3.07 million 3.98 million 4.51 million

*Estimate    **Forecast

Urban population as % of total population
1960 1980 2000 2011
18.6% 35.2% 54.3% 48.2%
Population median age 18 years (2010)
Population growth rate 3.3% (2011)
Life expectancy 56 years (2010)
Adult literacy 59% (2005/2010)
% of population living on less than $2 a day 94.84% (2011)
Inequality of wealth distribution (Gini index)

38.16 (2007)

(Data were released in 2011, 0=perfect equality, 100=absolute inequality)

Freedom House rating

Political Rights:3
Civil Liberties:4 (2011)

(1 represents the most free, 7 the least free)

Total telephone subscribers as % of population

49.25% (2011)

(sum of fixed telephone lines and mobile cellular subscribers)

Internet users as % of total population 3% (Data were released in 2012 and refer to 2011)
Cost of living - Mercer index

(ranking by city on a basis of 214; the 1st is the most expensive and the 214th is the least expensive)

N/A

CO2 emissions
(Metric tons of CO2 per capita)

0.1366 (Data were released in 2012 and refer to 2009)

GLOBAL FINANCE RANKINGS AND AWARDS
ARTICLES AND COUNTRIES REPORTS FROM GLOBAL FINANCE ARCHIVE