Liberia Economic Statistics and Indicators

21, Nov 2019, EST. Welcome to the Liberia economic statistics pages provided by the beta version of EconomyWatch.com's Econ Stats database.

Economic Indicators For: Liberia › Change country
National or Regional Currency: Liberian Dollar, LRD
Year of data: 2015 › Change year
Number of Indicators Listed: 33
Full Dataset: From Year 1980 to 2019
Date of Last Update: 17th March 2015
Population: 4,092,310 (July 2014 est.)
Area: total: 111,369 sq km ; land: 96,320 sq km ; water: 15,049 sq km
Natural Resources: iron ore, timber, diamonds, gold, hydropower
Capital: name: Monrovia ; geographic coordinates: 6 18 N, 10 48 W ; time difference: UTC 0 (5 hours ahead of Washington, DC, during Standard Time)

Liberia is a low income country that relies heavily on foreign assistance. 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, several have returned. Liberia is richly endowed with water, mineral resources, forests, and a climate favorable to agriculture, and iron ore and rubber have driven growth in recent years. Liberia is also reviving its raw timber sector and is encouraging oil exploration. President JOHNSON SIRLEAF, a Harvard-educated banker and administrator, has taken steps to reduce corruption, build support from international donors, and encourage private investment. Rebuilding infrastructure and raising incomes will depend on financial and technical assistance from donor countries and foreign investment in key sectors, such as infrastructure and power generation. The country achieved high growth during 2010-13 due to favorable world prices for its commodities. In the future, growth will depend on global commodity prices, on sustained foreign aid, trade, investment, and remittances, on the development of infrastructure and institutions, but mostly on maintaining political stability and security.
More on the Liberia Economy
More on the Liberia Export, Import and Trade

GDP (Constant Prices, National Currency) for Liberia in year 2015 is LRD 0.897 Billion.

GDP Growth (Constant Prices, National Currency) for Liberia in year 2015 is 0.02 %.

GDP (Current Prices, National Currency) for Liberia in year 2015 is LRD 2.035 Billion.

GDP (Current Prices, US Dollars) for Liberia in year 2015 is US$ 2.035 Billion.

GDP Deflator for Liberia in year 2015 is 226.941 (Index, Base Year as per country's accounts = 100).

GDP Per Capita (Constant Prices, National Currency) for Liberia in year 2015 is LRD 208.705 .

GDP Per Capita (Current Prices, National Currency) for Liberia in year 2015 is LRD 473.636 .

GDP Per Capita (Current Prices, US Dollars) for Liberia in year 2015 is US$ 473.636 .

GDP (PPP), US Dollars for Liberia in year 2015 is US$ 3.749 Billion.

GDP Per Capita (PPP), US Dollars for Liberia in year 2015 is US$ 872.754 .

GDP Share of World Total (PPP) for Liberia in year 2015 is 0.003 %.

Implied PPP Conversion Rate for Liberia in year 2015 is 0.543 .

Inflation, Average Consumer Prices (Indexed to Year 2000) for Liberia in year 2015 is 381.375 (Index, Base Year 2000 = 100).

Inflation (Average Consumer Price Change %) for Liberia in year 2015 is 7.742 %.

Inflation, End of Year (Indexed to Year 2000) for Liberia in year 2015 is 392.113 (Index, Base Year 2000 = 100).

Inflation (End of Year Change %) for Liberia in year 2015 is 8.039 %.

Import Volume of All Items Including Goods and Services (Percent Change) for Liberia in year 2015 is -12.434 %.

Import Volumes of Goods Only (Percent Change) for Liberia in year 2015 is 11.112 %.

Export Volume of All Items Including Goods and Services (Percent Change) for Liberia in year 2015 is -13.169 %.

Export Volumes of Goods Only (Percent Change) for Liberia in year 2015 is -23.015 %.

Population for Liberia in year 2015 is 4.296 Million .

General government revenue (National Currency) for Liberia in year 2015 is LRD 0.661 Billions.

General government revenue (% of GDP) for Liberia in year 2015 is 32.496 %.

General government total expenditure (National Currency) for Liberia in year 2015 is LRD 0.905 Billions.

General government total expenditure (% of GDP) for Liberia in year 2015 is 44.493 %.

Total Government Net Lending/ Borrowing (National Currency) for Liberia in year 2015 is LRD -0.244 Billions.

Total Government Net Lending/ Borrowing (% of GDP) for Liberia in year 2015 is -11.997 %.

Fiscal Year Gross Domestic Product, Current Prices for Liberia in year 2015 is LRD 2.035 Billions.

Current Account Balance (US Dollars) for Liberia in year 2015 is US$ -0.801 Billion.

Current Account Balance (% GDP) for Liberia in year 2015 is -39.346 %.