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Liberia GDP and Economic Data

Includes Liberia real Gross Domestic Product growth rate, with latest forecasts and historical data, GDP per capita, GDP composition and breakdown by sector.

Browse additional economic indicators and data sets, selected by Global Finance editors, to learn more about Liberia economic outlook, debt to GDP ratio, international trade performance and population trends. Rankings of Liberia best banks and safest banks are also available.

Frontier Markets Report: Côte d’Ivoire

RETURN TO GLORY?
​Côte d’Ivoire has the opportunity to regain its status as a leading African economy. Blessed with a wealth of natural resources, a pleasant climate, a strategical location and a level of infrastructure unrivaled in West Africa, Côte d’Ivoire was long recognized as one of the continent postcolonial stars.

 
 
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Central bank

Central Bank of Liberia

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International Reserves

USD 0.5 billion (2015)

International Monetary Fund (IMF), data retrieved January 2017

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Gross Domestic Product - GDP

USD 2.3 billion (2017, estimate)

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GDP (Purchasing Power Parity)

Intl$ 4.1 billion (2017, estimate)

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Real GDP growth
2006 2007 2008 2009 2010 2011 2012
8.2% 12.7% 6% 5.1% 6.1% 7.4% 8.3%
2013 2014 2015* 2016* 2017*    
8.7% 0.7% 0% 2% 4%    

*Estimate

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GDP per capita - current prices

USD 518.4 (2017, estimate)

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GDP per capita - PPP

Intl$ 915.3 (2017, estimate)

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GDP (PPP) - share of world total
1980 1990 2000 2010 2017*
N/A N/A 0% 0% 0.003%

*Estimate

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GDP - composition by sector
  • agriculture: 35.4% 
  • industry: 14.4% 
  • services: 50.2%

(2016 estimate)

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Gross domestic expenditure on R&D; (% of GDP)

N/A

 

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Inflation
2013 2014 2015 2016* 2017*
7.6% 9.9% 7.7% 8.6% 8.5%

*Estimate

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Unemployment rate
2013 2014 2015 2016 2017
N/A N/A N/A N/A N/A

*Estimate

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Household saving rates

N/A

 

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Public debt (General government gross debt as a % of GDP)
2013 2014 2015 2016* 2017*
27.5% 33.3% 39.2% 42.8% 46.2%

*Estimate

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Public deficit (General government net lending/borrowing as a % of GDP)
2013 2014 2015 2016* 2017*
-4.7% -1.8% -11.4% -7.1% -8.4%

*Estimate

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Government bond ratings

Standard & Poor's: N/A

Moody's: N/A

Standard & Poor's / Moody's (Updated January 2017)

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Market value of publicly traded shares
2013 2014 2015
N/A N/A N/A
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Largest companies

N/A

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Current account balance

USD -0.6 billion (2017 estimate)

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Current account balance by percentage of GDP

-26.6% (2017 estimate)

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Exports as percent of GDP (Exports of goods and services)

23.5% (2015)

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Shares in world total merchandising export

0.002% (2015)

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Shares in world total commercial services export

0.005% (2015)

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Total exports

USD 363.9 million (2016 estimate)

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Export commodities

Rubber, timber, iron, diamonds, cocoa, coffee

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Total imports

USD 1.3 billion (2016 estimate)

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Import commodities

Fuels, chemicals, machinery, transportation equipment, manufactured goods; foodstuffs

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Exports - major partners

Poland 32.9%, China 20.7%, India 9.3%, US 5.1%, Greece 4.7%, France 4.3% (2015)

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Imports - major partners

Singapore 28.7%, China 16%, South Korea 15.3%, Japan 10.3%, Philippines 6.6% (2015)

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FDI inflows
2013 2014 2015
USD 1,061 million USD 277 million USD 512 million
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FDI outflows
2013 2014 2015
USD 698 million N/A N/A
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Value of cross-border M&A, by country of purchaser
2012 2013 2014 2015
N/A N/A N/A N/A
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Cross-border M&A deals worth over $3 billion completed in 2014

N/A

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Cross-border M&A deals worth over $3 billion completed in 2015

N/A

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Best countries for doing business

Economies are ranked on their ease of doing business. A high ease of doing business ranking means the regulatory environment is more conducive to the starting and operation of a local firm.

Overall ranking: 174 out of 190 countries (2017)

Subcategories:

Starting a business: 37 out of 190 countries

Enforcing Contracts: 176 out of 190 countries

Registering Property: 179 out of 190 countries

Getting Credit: 101 out of 190 countries

Protecting Minority Investors: 179 out of 190 countries

Trading Across Borders: 185 out of 190 countries

Paying Taxes: 72 out of 190 countries

Dealing with Construction Permits: 175 out of 190 countries

Getting Electricity: 177 out of 190 countries

Resolving Insolvency: 168 out of 190 countries

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Global competitiveness ranking

131 out of 138 countries

(2016-2017)

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Index of Economic Freedom

Ranking: 143 / Score: 52.19 (Mostly unfree) (2016)

(100=totally free 0=totally repressed)

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Time zone

UTC 0

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Total area

111,369 sq km

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Capital

Monrovia

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Currency

Liberian dollars (LRD)

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Government type

Presidential republic

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Languages

English 20% (official), some 20 ethnic group languages few of which can be written or used in correspondence

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Religions

Christian 85.6%, Muslim 12.2%, Traditional 0.6%, other 0.2%, none 1.4% (2008 Census)

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Total population
1990 2000 2010* 2016* 2021*
N/A 3.065 million 3.778 million 4.399 million 4.944 million

*Estimate   

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Urban population as % of total population
1960 1980 2000 2016
19% 35% 44% 50%
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Population median age

18.3 years (2016 estimate)

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Population growth rate

2.44% (2016 estimate)

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Life expectancy

59 years (2016 estimate)

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Literacy

Total population: 47.6%
Male: 62.4%
Female: 32.8% (2015 est.)

(age 15 and over can read and write)

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% of population living on less than $3.10 a day

N/A

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Inequality of wealth distribution (Gini index)

N/A

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Freedom House rating

Political Rights: 3
Civil Liberties: 4 (2017)                         

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

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Total telephone subscribers as % of population

Fixed 0.20%   Mobile 81.09% (2015)
(fixed-telephone subscribers and mobile-cellular subscribers)

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Internet users as % of total population

5.9% (2015)

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Mercer Cost of living index

N/A

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CO2 emissions

0.2 (2013)

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