[see also: Distribution of family income - Gini index country ranks ] (2014 est. 165 2.8% (31 December 2017 est.) 12.4% (2014 est.) 107 (2017 est. 93.4 154 Industries: mining (iron ore and gold), rubber processing, palm oil processing, diamonds )country comparison to the world (CIA rank, may be based on non-current data): -$464 million (31 December 2012 est. )country comparison to the world (CIA rank, may be based on non-current data): $528.7 million (31 December 2017 est.) $459.8 million (31 December 2016 est. [see also: Stock of direct foreign investment - abroad country ranks ] (2017 est.) Continued economic growth will depend on rising commodities prices and increased efforts to diversify the sources of growth. 174, country comparison to the world (CIA rank, may be based on non-current data): Exports: (2017 est.) (31 December 2017 est.) 13.59% (2016 est. $6.064 billion -$627 million )country comparison to the world (CIA rank, may be based on non-current data): Exports - commodities: rubber, timber, iron, diamonds, cocoa, coffee $789.4 million $17.01 billion 2.8% $438.3 million (2017) (2017 est.) Inflation rate (consumer prices): (31 December 2017 est.) [see also: Exports country ranks ] $201 million $789.4 million revenues: 553.6 million )country comparison to the world (CIA rank, may be based on non-current data): $528.7 million (2014 est.) $423 million (2016 est. note: data are in 2017 dollarscountry comparison to the world (CIA rank, may be based on non-current data): [see also: Debt - external country ranks ] ), Exports: Exchange rates: Liberian dollars (LRD) per US dollar - 56 [see also: GDP - composition, by sector of origin - industry country ranks ] $423 million $260.6 million Labor force: 1.677 million (2017 est.) 28.3% of GDP (2017) )country comparison to the world (CIA rank, may be based on non-current data): Exports: (31 December 2016 est. 185 [see also: Unemployment rate country ranks ] $423 million Reserves of foreign exchange and gold: Market value of publicly traded shares: $260.6 million Liberia Global Economic Prospects examines trends for the world economy and how they affect developing countries. 32 Exports - partners: Germany 36.2%, Switzerland 14.2%, UAE 8.8%, US 6.8%, Indonesia 4.7% 185 Imports: 107 (2016 est. [see also: Exports country ranks ] Exports - commodities: rubber, timber, iron, diamonds, cocoa, coffee Stock of broad money: $1.036 billion (2017 est. GDP - composition, by sector of origin: (31 December 2016 est. 107 (2016 est. )country comparison to the world (CIA rank, may be based on non-current data): (31 December 2017 est.) [see also: Stock of direct foreign investment - at home country ranks ] exports of goods and services: 17.5% $792.3 million 2.8% [see also: Household income or consumption by percentage share - highest 10% country ranks ] 174 107 (31 December 2013 est.) (2017), Exports - commodities: rubber, timber, iron, diamonds, cocoa, coffee, Imports: 109.4 Commercial bank prime lending rate: [see also: Stock of narrow money country ranks ] )country comparison to the world (CIA rank, may be based on non-current data): Central bank discount rate: [see also: Commercial bank prime lending rate country ranks ] 93.4 (31 December 2013 est.) 107 [see also: GDP - composition, by end use - government consumption country ranks ] )country comparison to the world (CIA rank, may be based on non-current data): (2015 est. (31 December 2017 est.) 154 $938.9 million a) They assign increasing rank number, alphabetically for countries with the same value of the ranked item, whereas we assign them the same rank. )country comparison to the world (CIA rank, may be based on non-current data): 178 179 [see also: GDP (official exchange rate) country ranks ] [see also: Market value of publicly traded shares country ranks ] $1.296 billion (2017) $169.8 million Exports - partners: Germany 36.2%, Switzerland 14.2%, UAE 8.8%, US 6.8%, Indonesia 4.7% (31 December 2016 est. 108 [see also: Budget surplus (+) or deficit (-) country ranks ] (2017 est.) Liberia. 38.2 (2016 est. 93.4 83.893 [see also: Taxes and other revenues country ranks ] [see also: Population below poverty line country ranks ] (31 December 2017 est.) Stock of narrow money: 161 ), Labor force: 1.677 million [see also: Stock of direct foreign investment - at home country ranks ] 125 Stock of broad money: [see also: Distribution of family income - Gini index country ranks ] 8.8% )country comparison to the world (CIA rank, may be based on non-current data): [see also: Stock of direct foreign investment - abroad country ranks ] (31 December 2016 est. [see also: Stock of domestic credit country ranks ] Central bank discount rate: Distribution of family income - Gini index: Economy - overview: Commercial gold exports, commercial palm oil production, and cocoa and fisheries investment have expanded. (2017) (2017 est. )country comparison to the world (CIA rank, may be based on non-current data): [see also: GDP - composition, by end use - exports of goods and services country ranks ] (2013 est. 207, country comparison to the world (CIA rank, may be based on non-current data): (2014 est.) Liberia is a low-income country that relies heavily on foreign assistance and remittances from the diaspora. $789.4 million (2017 est.) (2015 est.) (2016 est. 83.893 (2014 est.) (2017 est.) )country comparison to the world (CIA rank, may be based on non-current data): [see also: Stock of direct foreign investment - abroad country ranks ] Commercial bank prime lending rate: (31 December 2014 est. 154 Imports - partners: Singapore 29.8%, China 24.4%, South Korea 17.5%, Japan 9.4% (31 December 2016 est. $17.01 billion -$464 million (2013 est. (31 December 2016 est. )country comparison to the world (CIA rank, may be based on non-current data): $789.4 million industry: 8% 3.2% 109.4 85.3 exports of goods and services: 17.5% (2017 est.) )country comparison to the world (CIA rank, may be based on non-current data): Market value of publicly traded shares: The mining sector alone employs more than 100,000 people and has the potential to generate income and help reduce unemployment, estimated at 25%. $17.01 billion (31 December 2016 est. What is the current situation in Liberia? 174 [see also: Exports country ranks ] (2007)country comparison to the world (CIA rank, may be based on non-current data): (2015 est.) 86 A new development plan, the Pro-Poor Agenda for Prosperity and Development 2018–23, has prioritized infrastructure development and job creation. Household income or consumption by percentage share: Distribution of family income - Gini index: Stock of direct foreign investment - at home: Stock of direct foreign investment - abroad. (2000 est.) (2017) “Liberia’s economic situation is challenging, and strong policy actions will be required to maintain as favorable an outlook as anticipated at this time last year. )country comparison to the world (CIA rank, may be based on non-current data): $169.8 million )country comparison to the world (CIA rank, may be based on non-current data): 174 Commercial bank prime lending rate: industry: 8% (2017) Corruption Rank in Liberia averaged 107.43 from 2005 until 2019, reaching an all time high of 150 in 2007 and a record low of 75 in 2012. 83.893 (2017) 108 )country comparison to the world (CIA rank, may be based on non-current data): Stock of direct foreign investment - abroad: )country comparison to the world (CIA rank, may be based on non-current data): The epidemic forced the government to divert scarce resources to combat the spread of the virus, reducing funds available for needed public investment. Stock of direct foreign investment - at home: $423 million Exports - commodities: rubber, timber, iron, diamonds, cocoa, coffee Real GDP growth, after declining to 0.4% in 2019, is expected to recover to 1.6% in 2020, underpinned by mining, forestry, and agriculture. Distribution of family income - Gini index: $1.296 billion (2017 est. 179 93.4 revenues: 553.6 million 6 Jan 2020 Liberia discontent: More anti-government protests expected [see also: Budget surplus (+) or deficit (-) country ranks ] (31 December 2016 est. Central bank discount rate: $423 million 19 (31 December 2017 est.) Industrial production growth rate: 9% (31 December 2016 est. $459.8 million Industries: mining (iron ore and gold), rubber processing, palm oil processing, diamonds )country comparison to the world (CIA rank, may be based on non-current data): $201 million )country comparison to the world (CIA rank, may be based on non-current data): [see also: Stock of direct foreign investment - abroad country ranks ] Market value of publicly traded shares: government consumption: 16.7% (2017 est.) Imports - commodities: fuels, chemicals, machinery, transportation equipment, manufactured goods; foodstuffs (2017 est.) )country comparison to the world (CIA rank, may be based on non-current data): (2016 est. (2013 est. )country comparison to the world (CIA rank, may be based on non-current data): $1.036 billion 93.4 (31 December 2014 est. Public debt: Stock of direct foreign investment - abroad: )country comparison to the world (CIA rank, may be based on non-current data): $423 million Stock of direct foreign investment - abroad: 93.4 Exports - commodities: rubber, timber, iron, diamonds, cocoa, coffee $1.166 billion (2017 est.) 165 [see also: Debt - external country ranks ] Current account balance: $1.036 billion household consumption: 128.8% [see also: Exports country ranks ] -$464 million Industries: mining (iron ore and gold), rubber processing, palm oil processing, diamonds [see also: Industrial production growth rate country ranks ] [see also: GDP - per capita country ranks ] 13.59% )country comparison to the world (CIA rank, may be based on non-current data): [see also: Debt - external country ranks ] 93.4 13.3% [see also: Reserves of foreign exchange and gold country ranks ] Fiscal year: calendar year )country comparison to the world (CIA rank, may be based on non-current data): (2007) $1,300 86 $17.01 billion 165, country comparison to the world (CIA rank, may be based on non-current data): (2016 est. 93.4 (31 December 2014 est. (2016 est. 185, country comparison to the world (CIA rank, may be based on non-current data): $938.9 million Exports - partners: Germany 36.2%, Switzerland 14.2%, UAE 8.8%, US 6.8%, Indonesia 4.7% 108 $16.56 billion [see also: Stock of domestic credit country ranks ] )country comparison to the world (CIA rank, may be based on non-current data): NA (2015 est.) Liberia’s current account deficit narrowed to 21.1% in 2019 from 23.4% of GDP in 2018. (2017) -$464 million )country comparison to the world (CIA rank, may be based on non-current data): $17.01 billion Stock of direct foreign investment - at home: [see also: Exports country ranks ] 13.59% (2017 est. [see also: Stock of broad money country ranks ] This is reflected in the reporting of the unemployment data gap for 2008 and 2009. Exports - commodities: rubber, timber, iron, diamonds, cocoa, coffee )country comparison to the world (CIA rank, may be based on non-current data): (2016 est. (2017 est.) (31 December 2015 est.) Fiscal year: calendar year (2017 est.) [see also: GDP - composition, by end use - imports of goods and services country ranks ] GDP - composition, by end use: $201 million [see also: Stock of direct foreign investment - at home country ranks ] [see also: Current account balance country ranks ] Commercial bank prime lending rate: All suggestions for corrections of any errors about Liberia Economy 2020 should be addressed to the CIA or the source cited on each page. (2014) (31 December 2012 est. )country comparison to the world (CIA rank, may be based on non-current data): (2016 est. )country comparison to the world (CIA rank, may be based on non-current data): 93.4 (2016 est. Exports: $438.3 million Stock of narrow money: )country comparison to the world (CIA rank, may be based on non-current data): [see also: Stock of direct foreign investment - abroad country ranks ] [see also: Imports country ranks ] (2016 est. Exchange rates: Liberian dollars (LRD) per US dollar - (2017 est.) (2016 est.) (31 December 2014 est. [see also: Imports country ranks ] (2017 est.) (31 December 2016 est. (31 December 2016 est. )country comparison to the world (CIA rank, may be based on non-current data): (31 December 2017 est.) )country comparison to the world (CIA rank, may be based on non-current data): (2015 est.) Gross national saving: [see also: Stock of broad money country ranks ] investment in fixed capital: 19.5% 125 85.3 household consumption: 128.8% industry: 13.8% Taxes and other revenues: 16.9% (of GDP) [see also: Public debt country ranks ] [see also: Stock of direct foreign investment - at home country ranks ] [see also: Market value of publicly traded shares country ranks ] [see also: Stock of direct foreign investment - abroad country ranks ] Stock of domestic credit: $260.6 million ), Gross national saving: )country comparison to the world (CIA rank, may be based on non-current data): (2014 est.) (31 December 2012 est. $1.166 billion [see also: GDP - composition, by sector of origin - services country ranks ] [see also: Household income or consumption by percentage share - lowest 10% country ranks ] 174 $792.3 million [see also: Imports country ranks ] (2017 est.) $423 million [see also: Central bank discount rate country ranks ] GDP (official exchange rate): $3.285 billion 86, country comparison to the world (CIA rank, may be based on non-current data): [see also: Inflation rate (consumer prices) country ranks ] 34.4% of GDP [see also: Imports country ranks ] (31 December 2013 est.) (31 December 2014 est. -$464 million [see also: Debt - external country ranks ] 34.4% of GDP [see also: Household income or consumption by percentage share - lowest 10% country ranks ] 83.893 165 (2017 est.) (2016 est.) (31 December 2017 est.) [see also: Debt - external country ranks ] [see also: Central bank discount rate country ranks ] Stock of direct foreign investment - abroad: highest 10%: 30.1% (2016)country comparison to the world (CIA rank, may be based on non-current data): 128 32 (31 December 2016 est. (31 December 2016 est. Exports - commodities: rubber, timber, iron, diamonds, cocoa, coffee $1.166 billion Inflation remained high at 21.7% in 2019. The cost of addressing the Ebola epidemic coincided with decreased economic activity reducing government revenue, although higher donor support significantly offset this loss. (31 December 2015 est.) $528.7 million For example, it assigns unemployment rates in increasing order, whereas we rank them in decreasing order. 83.893 -21.9% of GDP Budget: highest 10%: 30.1% -$627 million [see also: Imports country ranks ] [see also: Central bank discount rate country ranks ] Exports - commodities: rubber, timber, iron, diamonds, cocoa, coffee 185 85.3 128 Fiscal year: calendar year $1.036 billion Commercial bank prime lending rate: Imports - partners: Singapore 29.8%, China 24.4%, South Korea 17.5%, Japan 9.4% )country comparison to the world (CIA rank, may be based on non-current data): -$627 million (2013 est. )country comparison to the world (CIA rank, may be based on non-current data): [see also: Commercial bank prime lending rate country ranks ] 109.4 [see also: Budget - revenues country ranks ] )country comparison to the world (CIA rank, may be based on non-current data): $789.4 million $459.8 million 13.59% (31 December 2016 est. [see also: GDP (official exchange rate) country ranks ], GDP - real growth rate: 170 Inflation rate (consumer prices): $938.9 million [see also: Exports country ranks ] CURRENT SITUATION OUTLOOK Liberia is in reality a country with very high security risks, economic uncertainties and social disorder at varying levels. -$627 million $1.296 billion 85.3 Exports: government consumption: 16.7% government consumption: 16.7% )country comparison to the world (CIA rank, may be based on non-current data): (31 December 2017 est.) )country comparison to the world (CIA rank, may be based on non-current data): $16.56 billion services: 52.2% Population below poverty line: 54.1% Liberia, traditionally, has relied on forestry (rubber and timber) and mining (gold, diamonds, and iron ore) as major sources of income. (2016 est.) Exchange rates: Liberian dollars (LRD) per US dollar - (2015 est.) 85.3 $438.3 million (2017 est. [see also: Labor force - by occupation - services country ranks ] Liberia is a very poor country with a market-based economy that is only beginning to recover from the ravages of civil war. 93.4 However, we can see from the chart that the crisis did have an impact on Liberia as it did with every country. Gyude Bryant was sworn in October 14 as chairman of the new transitional government. 128 )country comparison to the world (CIA rank, may be based on non-current data): (2016 est.) Industrial production growth rate: 9% 19 [see also: Market value of publicly traded shares country ranks ] $789.4 million 93.4 $201 million 56 108 Unemployment rate: [see also: Budget - expenditures country ranks ], Taxes and other revenues: 16.9% (of GDP) [see also: Stock of broad money country ranks ] 93.4 )country comparison to the world (CIA rank, may be based on non-current data): 93.4 (2017 est.) (2017) 125 )country comparison to the world (CIA rank, may be based on non-current data): (31 December 2013 est.) Exports: (31 December 2017 est.) 161 $1.166 billion (31 December 2017 est.) 107, country comparison to the world (CIA rank, may be based on non-current data): Exports - partners: Germany 36.2%, Switzerland 14.2%, UAE 8.8%, US 6.8%, Indonesia 4.7% [see also: GDP - composition, by end use - investment in inventories country ranks ] (31 December 2016 est. 93.4 $423 million Imports - partners: Singapore 29.8%, China 24.4%, South Korea 17.5%, Japan 9.4% Current account balance: (31 December 2016 est. [see also: Labor force - by occupation - agriculture country ranks ] Market value of publicly traded shares: 3.2% (2017 est. Palm oil and cocoa are emerging as new export products. (2007)country comparison to the world (CIA rank, may be based on non-current data): agriculture: 70% Unemployment rate: 1.9% of GDP expenditures: 693.8 million (2017 est.) $438.3 million The House Foreign Affairs Subcommittee on Africa met to discuss the current political unrest and to consider U.S. policy towards Liberia. )country comparison to the world (CIA rank, may be based on non-current data): (2017) $201 million Stock of direct foreign investment - at home: $6.112 billion -$464 million (31 December 2016 est. (2017 est.) (31 December 2016 est. $1.036 billion $201 million 109.4 (2017 est.) Gross national saving: Central bank discount rate: $528.7 million [see also: Commercial bank prime lending rate country ranks ] 161 154 $792.3 million (2014 est.) (2014 est. (31 December 2012 est. (2016 est. (2017 est.) (2016 est. (2017 est.) investment in fixed capital: 19.5% $16.56 billion ), Market value of publicly traded shares: $423 million [see also: Debt - external country ranks ] Stock of broad money: (2014 est.) (31 December 2013 est.) Exports - partners: Germany 36.2%, Switzerland 14.2%, UAE 8.8%, US 6.8%, Indonesia 4.7% 108 Liberia itself is one of the poorest and least developed countries in the world. 2) The rank that you see is the CIA reported rank, which may have the following issues: (31 December 2017 est.) (2016)country comparison to the world (CIA rank, may be based on non-current data): (2017 est.) )country comparison to the world (CIA rank, may be based on non-current data): The economy will expand 0.2 percent in 2019 under current policies, down from an earlier estimate of 4.7 percent, the IMF said Friday. )country comparison to the world (CIA rank, may be based on non-current data): Stock of broad money: (2015 est.) (2016 est. (31 December 2016 est. (2016)country comparison to the world (CIA rank, may be based on non-current data): Reserves of foreign exchange and gold: (31 December 2017 est.) $789.4 million [see also: GDP - composition, by end use - investment in fixed capital country ranks ] )country comparison to the world (CIA rank, may be based on non-current data): (2016 est.) 93.4 [see also: Central bank discount rate country ranks ] 34.4% of GDP -$464 million (2007)country comparison to the world (CIA rank, may be based on non-current data): (2015 est.) 109.4 [see also: Market value of publicly traded shares country ranks ] 179 (2017 est.) )country comparison to the world (CIA rank, may be based on non-current data): (2016)country comparison to the world (CIA rank, may be based on non-current data): )country comparison to the world (CIA rank, may be based on non-current data): $423 million [see also: Debt - external country ranks ] $16.56 billion 28.3% of GDP (2016 est. Stock of domestic credit: [see also: Market value of publicly traded shares country ranks ] $201 million Agriculture employs an estimated 70% of the population, mainly youth and women. )country comparison to the world (CIA rank, may be based on non-current data): $169.8 million 85.3 $792.3 million Fiscal year: calendar year (31 December 2016 est. (2013 est. [see also: GDP - composition, by end use - imports of goods and services country ranks ] [see also: Reserves of foreign exchange and gold country ranks ] )country comparison to the world (CIA rank, may be based on non-current data): (2017 est.) $17.01 billion 13.59% Market value of publicly traded shares: 173 Liberia is a low-income country that relies heavily on foreign assistance and remittances from the diaspora. Debt - external: (2017 est.) Liberia is modernizing agriculture to increase productivity and reduce imports of staple foods— mainly rice. (31 December 2017 est.) 108 )country comparison to the world (CIA rank, may be based on non-current data): (31 December 2012 est. 12.4% 93.4 -$464 million $169.8 million (31 December 2016 est. 185 Labor force - by occupation: 207
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