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ECON FACTBOOK

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Economy of Liberia

Population: 4.29 million in 20131

GDP: $1.95 billion in 20132

GDP per capita: $454 nominal3 ($878 PPP4) in 2013

GDP growth rate: 11.3% in 20135

Industries

GDP by Industry 20126

Industry sectorValue added ($ millions) 2012Percent of total
Agriculture, hunting, forestry, fishing74570.7%
Other activities787.4%
Manufacturing615.8%
Transport, storage and communication585.5%
Wholesale, retail trade, restaurants and hotels535.0%
Mining and utilities313.0%
Construction282.6%
Total value added1,053100%

Employment

Unemployment rate: 3.7% in 20137

Employment by Industry 20008

Employment sectorPercent of total
Agriculture70%
Services22%
Industry8%
Total100%

Corporations

Top 10 Corporations by Revenue 20139

N/A

Households

Household Wealth: $4 billion (205% of GDP) in 201410

Household Wealth per Adult: $1,827 in 201410

Gini Coefficient: .382 in 201311

Government

Central Government

Central Government Revenue: $465 million (24% of GDP) in 201312

Central Government Expenditure: $522 million (27% of GDP) in 201312

Central Government Budget Balance: -$57 million (-3% of GDP) in 201312

Central Government Public Debt: $694 million (36% of GDP) in Sept 2014* 13

Central Government 10 Year Bond Interest Rate: N/A

* Public debt calculated using the exchange rate 92.5 LRD = 1 USD

Government Funds

N/A

Tax Structure

Individual Income Tax Rates and Thresholds in 2014* 14

Corporate Tax Rate: 25% in 201415

* Individual thresholds calculated using the exchange rate 92.5 LRD = 1 USD

Monetary Policy

Money Supply (M1): $106 million in Nov 2014* (% of GDP)16

Benchmark Interest Rate: Lending Rate 13.5% in Nov 201417

Total Reserves: $493 million (26% of GDP) in 201318

Exchange Rate: 92.5 Liberian Dollars = 1 U.S. Dollar on Feb 23, 201519

Inflation: 7.6% in 201320

* Money supply calculated using the exchange rate 92.5 LRD = 1 USD

Financial Institutions

Top 10 Financial Institutions by Assets 201321

N/A (data not available at Relbanks.com)

International Accounts

Exports: $930 million (48% of GDP) in 201322

Imports: $775 million (40% of GDP) in 201322

Trade Balance: +$155 million (+8% of GDP) in 201322

Foreign Direct Investment Inflow: $700 million (36% of GDP) in 201323

Foreign Direct Investment Outflow: N/A

Foreign Aid Inflow: $571 million (29% of GDP) in 201224

Foreign Aid Outflow: N/A

References

1. Source: World Bank Indicators (Population) Go back
2. Source: World Bank Indicators (GDP) Go back
3. Source: World Bank Indicators (GDP per capita) Go back
4. Source: World Bank Indicators (GDP per capita PPP) Go back
5. Source: World Bank Indicators (GDP growth rate) Go back
6. Source: United Nations Statistics Division (GDP by industry) Go back
7. Source: World Bank Indicators (Unemployment rate) Go back
8. Source: CIA World Factbook (Employment by economic activity) Go back
9. Source: Annual reports (Corporate data) Go back
10. Source: Credit Suisse Global Wealth Databook (Household wealth) Go back
11. Source: UN Human Development Report (Gini coefficient) Go back
12. Source: CIA World Factbook (Government budget) Go back
13. Source: Republic of Liberia, Documents, Annual Reports (Public debt) Go back
14. Source: KPMG Fiscal Guide (Individual tax rates) Go back
15. Source: KPMG Fiscal Guide (Corporate tax rate) Go back
16. Source: Central Bank of Liberia, Research, Major Economic Indicators, Factsheet on Key Indicators (Money supply) Go back
17. Source: Central Bank of Liberia, Research, Major Economic Indicators, Factsheet on Key Indicators (Benchmark interest rate) Go back
18. Source: World Bank Indicators (Total reserves) Go back
19. Source: xe.com (Exchange rate) Go back
20. Source: World Bank Indicators (Inflation rate) Go back
21. Source: Relbanks.com (Financial institutions by assets) Go back
22. Source: CIA World Factbook (Trade data) Go back
23 Source: World Bank Indicators (FDI data) Go back
24. Source: World Bank Indicators (Aid data) Go back