Agriculture > products
rubber, coffee, cocoa, rice, cassava, palm oil, sugarcane, bananas; sheep, goats; timber |
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Budget > Revenues
|
$85,400,000.00 |
|
[42nd of 166]
|
|
Source: CIA World Factbook, 28 July 2005 |
|
Consumer price index
|
130.64 %
|
|
[1st of 165]
|
|
Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
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Current account balance
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-$224,000,000.00 |
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[95th of 181]
|
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Source: World Development Indicators database |
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Debt > External
|
$3,200,000,000.00 |
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[108th of 136]
|
|
Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
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Debt service
|
0.55 |
|
[128th of 128]
|
|
Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
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) |
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Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
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Exports
|
$1,197,000,000.00 |
|
[135th of 189]
|
|
Source: CIA World Factbook, 28 July 2005 |
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Exports to US
|
$20,500,000.00 |
|
[122nd of 224]
|
|
Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
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GDP
|
$631,000,000.00 |
|
[154th of 203]
|
|
Source: US Census Bureau |
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GDP (purchasing power parity)
|
$1,525,000,000.00 |
|
[174th of 187]
|
|
Source: World Development Indicators database and CIA World Factbook |
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GDP > Real growth rate
|
9.4% |
|
[19th of 198]
|
|
Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
|
GDP growth > annual %
|
5.3 annual %
|
|
[70th of 187]
|
|
Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
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Gross National Income
|
$459,128,000.00 |
|
[154th of 172]
|
|
Source: World Development Indicators database |
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Imports of goods, services and income > BoP, current US$
|
574,199,900 BoP $
|
|
[110th of 156]
|
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Inflation rate (consumer prices)
|
11.2% |
|
[23rd of 192]
|
|
Source: World Development Indicators database |
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Population below poverty line
|
80% |
|
[1st of 46]
|
|
Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
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Total reserves minus gold > current US$
|
25,395,460 $
|
|
[173rd of 178]
|
|
Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
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Trade balance with US
|
-$13,300,000.00 |
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[138th of 224]
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Source: World Development Indicators database |
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