10/14

In Pictures: 12 Fastest Growing Economies for 2012

Liberia

4. Liberia

Throughout history, Liberia has been rated as one of the most prosperous economies in all of Africa – primarily because of strong cultural relations with America, as well as close trade. Unfortunately, in 1980 this changed dramatically due to a military coup.

The good news is that in 2006, Liberia’s GDP started to turn around. Coupled with favourable climate and a significant mineral reserve, Liberal is forecasted to enjoy double-digit growth in 2012.

2012 GDP Forecast: $1.32 billion

GDP Growth: 10.496%

Related: Liberia Fast Facts

Related: Liberia Economic Statistics and Indicators

Related: Liberia Economy, Economic Structure, Economic Forecast, Trade Overview and Industry Sectors

Photo Credit: EFA Report