Africa > Liberia > Economy

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Agriculture > products rubber, coffee, cocoa, rice, cassava, palm oil, sugarcane, bananas; sheep, goats; timber
Budget > Revenues	$85,400,000.00		[42nd of 166]
Consumer price index	130.64 %		[1st of 165]
Current account balance	-$224,000,000.00		[95th of 181]
Debt > External	$3,200,000,000.00		[108th of 136]
Debt service	0.55		[128th of 128]
Economy > Overview Civil war and government mismanagement destroyed much of Liberia's economy, especially the infrastructure in and around the capital, Monrovia. Many businesses fled the country, taking capital and expertise with them, but with the conclusion of fighting and the installation of a democratically-elected government in 2006, some have returned. Richly endowed with water, mineral resources, forests, and a climate favorable to agriculture, Liberia had been a producer and exporter of basic products - primarily raw timber and rubber. Local manufacturing, mainly foreign owned, had been small in scope. President JOHNSON SIRLEAF, a Harvard-trained banker and administrator, has taken steps to reduce corruption, build support from international donors, and encourage private investment. Embargos on timber and diamond exports have been lifted, opening new sources of revenue for the government. The reconstruction of infrastructure and the raising of incomes in this ravaged economy will largely depend on generous financial and technical assistance from donor countries and foreign investment in key sectors, such as infrastructure and power generation.
Exchange rates Liberian dollars per US dollar - 54.906 (2004), 59.379 (2003), 61.754 (2002), 48.583 (2001), 40.953 (2000)
Exports	$1,197,000,000.00		[135th of 189]
Exports to US	$20,500,000.00		[122nd of 224]
GDP	$631,000,000.00		[154th of 203]
GDP (purchasing power parity)	$1,525,000,000.00		[174th of 187]
GDP > Real growth rate	9.4%		[19th of 198]
GDP growth > annual %	5.3 annual %		[70th of 187]
Gross National Income	$459,128,000.00		[154th of 172]
Imports of goods, services and income > BoP, current US$	574,199,900 BoP $		[110th of 156]
Inflation rate (consumer prices)	11.2%		[23rd of 192]
Population below poverty line	80%		[1st of 46]
Total reserves minus gold > current US$	25,395,460 $		[173rd of 178]
Trade balance with US	-$13,300,000.00		[138th of 224]

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