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Home >> World Economy >> Economy of Liberia

Liberia Economy




Liberia is a Lower Income Country comes under Sub Saharan African region, according to the classification made by the World Bank on the basis of income and region for year 2006. The country has a total surface area of 111.4 thousand square kilometers in 2004 with a forest area of 34,550.0 square kilometers.


The country has a total surface area of 64,590.0 square kilometers as in 2004 with a forest area of 28,850.0 square kilometers.

Liberia Economy Social Indicators

Country's demographic and social indicators are as follows:

Social Indicators 2000 2003 2004
Population, total 3.1 million 3.2 million 3.2 million
Population growth (annual %) 5.2 0.5 0.6
Life expectancy at birth, total (years) 42.2 42.5 42.5
Fertility rate, total (births per woman) 6.8 6.8 6.8
Mortality rate, infant (per 1,000 live births) 157.0 .. 157.0
Mortality rate, under-5 (per 1,000) 235.0 .. 235.0

Population Growth(Annual %)


Economic Indicators: Liberia Economy

Growth rate of Gross Domestic Product of Liberia's Economy is as follows:

GDP Growth(Annual %) Major Exports of Iron Ore in the world market has made the country's economy stronger in the past. In today's era lower demand for the same product has hampered the over all economic growth.

Important economic indicators of the country are as follows:


Econmic Indicator 2000 2003 2004
GNI, Atlas method (current US$) 384.7 million 335.6 million 374.4 million
GNI per capita, Atlas method (current US$) 130.0 100.0 120.0
GDP (current US$) 560.9 million 435.3 million 492.1 million
GDP growth (annual %) 25.7 -31.3 2.4
Inflation, GDP deflator (annual %) -1.3 8.9 2.1

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