)country comparison to the world (CIA rank, may be based on non-current data): (31 December 2015 est.) -$627 million $201 million Central bank discount rate: )country comparison to the world (CIA rank, may be based on non-current data): (2016 est.) April 2020. Exports - commodities: rubber, timber, iron, diamonds, cocoa, coffee (2017 est.) $438.3 million $17.01 billion (2016 est.) highest 10%: 30.1% (2016 est. )country comparison to the world (CIA rank, may be based on non-current data): (31 December 2017 est.) (2016 est.) )country comparison to the world (CIA rank, may be based on non-current data): 56 It has been called a financial meltdown, storm or credit crunch. 19 Fiscal year: calendar year 86 ), Population below poverty line: 54.1% $16.56 billion 3.2% $201 million (31 December 2017 est.) [see also: Budget surplus (+) or deficit (-) country ranks ] 109.4 (2016 est. Stock of broad money: [see also: Stock of broad money country ranks ] )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): [see also: Market value of publicly traded shares country ranks ] Commercial bank prime lending rate: (2014 est. (2015 est.) $16.56 billion (2017) 86 93.4 exports of goods and services: 17.5% )country comparison to the world (CIA rank, may be based on non-current data): (2014 est.) [see also: Current account balance country ranks ] )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): [see also: Imports country ranks ] (31 December 2013 est.) [see also: Exports country ranks ] (31 December 2017 est.) )country comparison to the world (CIA rank, may be based on non-current data): [see also: Imports country ranks ] 170 (31 December 2016 est. (2017 est.) $528.7 million $1.036 billion [see also: Stock of narrow money country ranks ] 12.4% $17.01 billion Palm oil and cocoa are emerging as new export products. 83.893 [see also: Stock of broad money country ranks ] [see also: Distribution of family income - Gini index country ranks ] Stock of narrow money: )country comparison to the world (CIA rank, may be based on non-current data): Imports - commodities: fuels, chemicals, machinery, transportation equipment, manufactured goods; foodstuffs $1.036 billion (2017) $201 million $528.7 million $938.9 million [see also: Stock of broad money country ranks ] )country comparison to the world (CIA rank, may be based on non-current data): $17.01 billion Imports - partners: Singapore 29.8%, China 24.4%, South Korea 17.5%, Japan 9.4% 120 31, country comparison to the world (CIA rank, may be based on non-current data): Liberia is recovering from the Ebola crisis between 2014 and 2016, which plunged the economy into a recession, with real GDP contracting by 1.6% in 2016 due to capital flight and a fall in private investment. $528.7 million $201 million 2.5% 8.8% Exports - partners: Germany 36.2%, Switzerland 14.2%, UAE 8.8%, US 6.8%, Indonesia 4.7% (2007)country comparison to the world (CIA rank, may be based on non-current data): [see also: Distribution of family income - Gini index country ranks ] 184 (2016 est.) (2013 est. [see also: Labor force country ranks ] (2017 est.) agriculture: 70% $5.965 billion (31 December 2017 est.) )country comparison to the world (CIA rank, may be based on non-current data): [see also: GDP - composition, by end use - imports of goods and services country ranks ] 3.2% Inflation remained high at 21.7% in 2019. 125 Gyude Bryant was sworn in October 14 as chairman of the new transitional government. (2016 est.) The Ebola epidemic and the concurrent global downturn in prices of Liberia’s principle exports have also slowed economic growth, drained the government’s resources, and delayed development projects. 108 -$627 million (2007) exports of goods and services: 17.5% Several Conflicts especially the two Civil wars between 1989 and 1996 and also between 1999 and 2003, poor governance, mismanagement, etc., destroyed much of Liberia's economy, especially the infrastructure in and around Monrovia the … (2017 est.) (2016 est. Exports - partners: Germany 36.2%, Switzerland 14.2%, UAE 8.8%, US 6.8%, Indonesia 4.7% 154 38.2 [see also: Imports country ranks ] (2015 est.) $423 million 8.8% )country comparison to the world (CIA rank, may be based on non-current data): (2017 est.) 93.4 $459.8 million (31 December 2014 est. 125 (2016 est.) 1.9% of GDP This was largely due to a decline in imports following the complete UNMIL drawdown, while exports of gold and iron ore rose. (2017 est.) (2017 est.) (2014 est.) )country comparison to the world (CIA rank, may be based on non-current data): (2007) 86 [see also: Population below poverty line country ranks ] $938.9 million lowest 10%: 2.4% Budget: [see also: Labor force country ranks ] (2017) [see also: GDP - real growth rate country ranks ] (2017 est.) )country comparison to the world (CIA rank, may be based on non-current data): $16.56 billion (31 December 2014 est. 31 agriculture: 70% Inflation rate (consumer prices): [see also: Central bank discount rate country ranks ] $438.3 million 109.4 (2014 est.) Palm oil and cocoa are emerging as new export products. -$627 million [see also: GDP - composition, by end use - investment in inventories country ranks ] (2014 est.) Fiscal year: calendar year Stock of domestic credit: Inflation rate (consumer prices): )country comparison to the world (CIA rank, may be based on non-current data): investment in inventories: 6.7% [see also: Stock of narrow money country ranks ] )country comparison to the world (CIA rank, may be based on non-current data): (31 December 2014 est. Imports - commodities: fuels, chemicals, machinery, transportation equipment, manufactured goods; foodstuffs $1.166 billion 120 (2017 est.) With considerable arable land, Liberia has the potential for crop diversification, improved market linkages, and private sector–led agriculture value chains. He faced the balancing act of ensuring his cabinet was both committed to change and capable. (2017 est.) 107 [see also: Stock of direct foreign investment - at home country ranks ] (2017) Reserves of foreign exchange and gold: Exports: 1.9% of GDP revenues: 553.6 million [see also: Distribution of family income - Gini index country ranks ] (2017 est.) (2000 est.) [see also: Debt - external country ranks ] 93.4 108 [see also: Current account balance country ranks ] $260.6 million -$627 million 120 Stock of direct foreign investment - at home: [see also: Imports country ranks ] (31 December 2016 est. (2014 est.) (2017) Household income or consumption by percentage share: [see also: Stock of domestic credit country ranks ] (31 December 2017 est.) Current account balance: 185 Current account balance: 93.4 $438.3 million $1,300 179 (31 December 2016 est. (2016 est.) )country comparison to the world (CIA rank, may be based on non-current data): 83.893 Exports: (31 December 2012 est. Industries: mining (iron ore and gold), rubber processing, palm oil processing, diamonds [see also: Stock of narrow money country ranks ] (31 December 2017 est.) (2015 est.) Debt - external: (2017), Reserves of foreign exchange and gold: 13.59% )country comparison to the world (CIA rank, may be based on non-current data): Imports - partners: Singapore 29.8%, China 24.4%, South Korea 17.5%, Japan 9.4% Central bank discount rate: $438.3 million $201 million )country comparison to the world (CIA rank, may be based on non-current data): (2017 est.) [see also: Household income or consumption by percentage share - lowest 10% country ranks ] [see also: Market value of publicly traded shares country ranks ] (2017 est.) 179 108 109.4 86 83.893 agriculture: 70% )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): Imports - commodities: fuels, chemicals, machinery, transportation equipment, manufactured goods; foodstuffs (31 December 2017 est.) (31 December 2016 est. (31 December 2017 est.) (2014 est.) Imports: )country comparison to the world (CIA rank, may be based on non-current data): $1.166 billion Imports - commodities: fuels, chemicals, machinery, transportation equipment, manufactured goods; foodstuffs (31 December 2017 est.) Exports: [see also: Public debt country ranks ] [see also: Exports country ranks ] (31 December 2012 est. Imports - commodities: fuels, chemicals, machinery, transportation equipment, manufactured goods; foodstuffs Imports - commodities: fuels, chemicals, machinery, transportation equipment, manufactured goods; foodstuffs (2016 est.) 93.4 [see also: Stock of direct foreign investment - at home country ranks ] 12.4% (2015 est.) $201 million $789.4 million Budget surplus (+) or deficit (-): -4.3% (of GDP) GDP - composition, by sector of origin: (2017) However, during the 2014-2015 Ebola crisis, the economy declined and many foreign-owned businesses departed with their capital and expertise. (2016 est. $792.3 million [see also: Debt - external country ranks ] (2016 est.) (31 December 2017 est.) [see also: Distribution of family income - Gini index country ranks ] Stock of narrow money: Reserves of foreign exchange and gold: [see also: Reserves of foreign exchange and gold country ranks ] [see also: Exports country ranks ] But foreign exchange inflows shrank in 2018, triggering a depreciation of the Liberia dollar by about 26% and a sharp rise in inflation to 23.5% in 2018. 3.2% (31 December 2016 est. -$627 million (31 December 2013 est.) (31 December 2015 est.) Stock of broad money: Right before the global financial crisis, it stood at 5.6 which appears to be the most accurate rate. (31 December 2016 est. (2015 est.) investment in fixed capital: 19.5% (31 December 2016 est. Debt - external: (2013 est. [see also: Stock of narrow money country ranks ] )country comparison to the world (CIA rank, may be based on non-current data): 161 Exchange rates: Liberian dollars (LRD) per US dollar - Public debt: (31 December 2016 est. Imports - partners: Singapore 29.8%, China 24.4%, South Korea 17.5%, Japan 9.4% (2016 est.) )country comparison to the world (CIA rank, may be based on non-current data): Stock of direct foreign investment - at home: $938.9 million $17.01 billion (31 December 2016 est. Stock of direct foreign investment - abroad: 3.2% )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): 86 [see also: Labor force - by occupation - services country ranks ] 178 $423 million Exports: [see also: Gross national saving country ranks ] [see also: Reserves of foreign exchange and gold country ranks ] 85.3 )country comparison to the world (CIA rank, may be based on non-current data): 207 (2017 est.) $201 million 93.4 )country comparison to the world (CIA rank, may be based on non-current data): (31 December 2017 est.) Stock of direct foreign investment - abroad: -$627 million Agriculture - products: rubber, coffee, cocoa, rice, cassava (manioc, tapioca), palm oil, sugarcane, bananas; sheep, goats; timber 12.4% Stock of direct foreign investment - abroad: [see also: Stock of domestic credit country ranks ] (2007)country comparison to the world (CIA rank, may be based on non-current data): 12.4% )country comparison to the world (CIA rank, may be based on non-current data): (31 December 2015 est.) 83.893 [see also: Current account balance country ranks ] )country comparison to the world (CIA rank, may be based on non-current data): [see also: Commercial bank prime lending rate country ranks ] (31 December 2017 est.) 93.4 investment in fixed capital: 19.5% [see also: Stock of narrow money country ranks ] Labor force - by occupation: Imports - partners: Singapore 29.8%, China 24.4%, South Korea 17.5%, Japan 9.4% $16.56 billion Inflation rate (consumer prices): Stock of narrow money: Current account balance: )country comparison to the world (CIA rank, may be based on non-current data): Public debt: Exports - commodities: rubber, timber, iron, diamonds, cocoa, coffee Reserves of foreign exchange and gold: (2016 est. )country comparison to the world (CIA rank, may be based on non-current data): Stock of direct foreign investment - at home: 207 (2016 est. [see also: Reserves of foreign exchange and gold country ranks ] )country comparison to the world (CIA rank, may be based on non-current data): Stock of direct foreign investment - abroad: 185, country comparison to the world (CIA rank, may be based on non-current data): 28.3% of GDP Industries: mining (iron ore and gold), rubber processing, palm oil processing, diamonds Debt - external: $459.8 million [see also: Inflation rate (consumer prices) country ranks ] Reserves of foreign exchange and gold: 173, country comparison to the world (CIA rank, may be based on non-current data): Imports: (31 December 2016 est. )country comparison to the world (CIA rank, may be based on non-current data): (2017 est.) $528.7 million )country comparison to the world (CIA rank, may be based on non-current data): investment in inventories: 6.7% )country comparison to the world (CIA rank, may be based on non-current data): 3.2% Current account balance: (31 December 2017 est.) In the end, Weah appointed associates of former presidents Ellen Johnson Sirleaf and Charles Tayl… household consumption: 128.8% [see also: Commercial bank prime lending rate country ranks ] $423 million [see also: Market value of publicly traded shares country ranks ] $789.4 million (2016)country comparison to the world (CIA rank, may be based on non-current data): (31 December 2016 est. (2013 est. (31 December 2016 est. $438.3 million $528.7 million (31 December 2016 est. (2013 est. [see also: Market value of publicly traded shares country ranks ] 93.4 108 Gross national saving: Exports - commodities: rubber, timber, iron, diamonds, cocoa, coffee (31 December 2017 est.) [see also: Exports country ranks ] (31 December 2016 est. Exchange rates: Liberian dollars (LRD) per US dollar - 13.59% $201 million Exports - partners: Germany 36.2%, Switzerland 14.2%, UAE 8.8%, US 6.8%, Indonesia 4.7% 86 Stock of direct foreign investment - at home: (2017 est.) )country comparison to the world (CIA rank, may be based on non-current data): $201 million (31 December 2017 est.) )country comparison to the world (CIA rank, may be based on non-current data): Exports: 28.3% of GDP Labor force - by occupation: (2013 est. Labor force: 1.677 million 207 38.2 [see also: GDP - composition, by end use - investment in fixed capital country ranks ] NA (31 December 2016 est. $792.3 million [see also: GDP - composition, by sector of origin - agriculture country ranks ] Imports - commodities: fuels, chemicals, machinery, transportation equipment, manufactured goods; foodstuffs Stock of direct foreign investment - at home: agriculture: 70% 56, 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: Public debt country ranks ] [see also: Taxes and other revenues country ranks ] 178 (31 December 2016 est. (2017 est.) (31 December 2012 est. $938.9 million 85.3 [see also: Reserves of foreign exchange and gold country ranks ] (31 December 2014 est. Exports - commodities: rubber, timber, iron, diamonds, cocoa, coffee (2016 est.) [see also: Stock of narrow money country ranks ] Fiscal year: calendar year (31 December 2016 est. (2016 est. 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): $792.3 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): expenditures: 693.8 million )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): [see also: GDP (official exchange rate) country ranks ], GDP - real growth rate: (31 December 2016 est. (2016 est. $17.01 billion (31 December 2017 est.) $1.166 billion 86 $423 million Liberia's shaky economy depends heavily on foreign assistance. 207 )country comparison to the world (CIA rank, may be based on non-current data): (2014) [see also: GDP - real growth rate country ranks ] 86 )country comparison to the world (CIA rank, may be based on non-current data): 128 (2017 est. $438.3 million $1.036 billion 154 (2017 est. Stock of domestic credit: (31 December 2015 est.) (2016)country comparison to the world (CIA rank, may be based on non-current data): 185 )country comparison to the world (CIA rank, may be based on non-current data): 128 (2015 est.) [see also: GDP - composition, by sector of origin - services country ranks ] 125 $528.7 million -$464 million (2017 est.) (2017), Exports - commodities: rubber, timber, iron, diamonds, cocoa, coffee, Imports: 85.3 $528.7 million Distribution of family income - Gini index: (2016 est.) [see also: Commercial bank prime lending rate country ranks ] With the conclusion of fighting and the installation of a democratically elected government in 2006, businesses that had fled the country began to return. $201 million [see also: Stock of domestic credit country ranks ] $260.6 million )country comparison to the world (CIA rank, may be based on non-current data): [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.) 83.893 (2017 est.) 207 (2017 est.) (31 December 2016 est. Radio is the main news source and there is a lively commercial sector. $459.8 million $169.8 million (31 December 2017 est.) (31 December 2014 est. ), Stock of broad money: $528.7 million (31 December 2017 est.) 8.8% 31 (2016 est.) [see also: GDP - composition, by end use - investment in inventories country ranks ] $459.8 million The mining sector alone employs more than 100,000 people and has the potential to generate income and help reduce unemployment, estimated at 25%. (2014 est.) )country comparison to the world (CIA rank, may be based on non-current data): Debt - external: (2017 est.) $17.01 billion 34.4% of GDP 2.8% (31 December 2017 est.) 185 )country comparison to the world (CIA rank, may be based on non-current data): (31 December 2016 est. 185 (31 December 2013 est.) (31 December 2016 est. (31 December 2016 est. [see also: Household income or consumption by percentage share - lowest 10% country ranks ] $438.3 million Central bank discount rate: 174, country comparison to the world (CIA rank, may be based on non-current data): The completion of the rehabilitation of the Mount Coffee Hydroelectric Dam increased electricity production to support ongoing and future economic activity, although electricity tariffs remain high relative to other countries in the region and transmission infrastructure is limited. (31 December 2013 est.) Agriculture - products: rubber, coffee, cocoa, rice, cassava (manioc, tapioca), palm oil, sugarcane, bananas; sheep, goats; timber 13.3% 179 Imports - partners: Singapore 29.8%, China 24.4%, South Korea 17.5%, Japan 9.4% 13.59% [see also: Stock of direct foreign investment - abroad country ranks ] [see also: Labor force - by occupation - agriculture country ranks ] [see also: Market value of publicly traded shares country ranks ] Imports: [see also: Population below poverty line country ranks ] 93.4 services: 52.2% expenditures: 693.8 million Exchange rates: Liberian dollars (LRD) per US dollar - [see also: GDP - composition, by sector of origin - agriculture country ranks ] (2017 est.) (31 December 2017 est.) [see also: Central bank discount rate country ranks ] (31 December 2016 est. (2017 est.) (2016 est. (2013 est. government consumption: 16.7% (31 December 2016 est. 86 185 (31 December 2016 est. [see also: Labor force - by occupation - services country ranks ] 19 [see also: GDP - per capita country ranks ] (31 December 2013 est.) Current account balance: $201 million 107 (31 December 2015 est.) (2017 est.) (31 December 2017 est.) $438.3 million (2016 est. 165 (2016 est. Liberia, the West African coastal nation bordering Sierra Leone, Guinea and Côte d’Ivoire, has long been riddled with violence and economic dependence on foreign aid. exports of goods and services: 17.5% [see also: GDP - composition, by end use - investment in fixed capital country ranks ] $438.3 million [see also: Current account balance country ranks ] )country comparison to the world (CIA rank, may be based on non-current data): 178 Stock of direct foreign investment - at home: )country comparison to the world (CIA rank, may be based on non-current data): $438.3 million 108 (2017 est. [see also: Commercial bank prime lending rate country ranks ] )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): 32 (2013 est. [see also: Current account balance country ranks ] (31 December 2016 est. 174 (2017 est.) 165 $1.036 billion NA [see also: Reserves of foreign exchange and gold country ranks ] (2016 est. (2015 est.) 86, 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): )country comparison to the world (CIA rank, may be based on non-current data): $459.8 million (2017 est.) (2017 est.) Reserves of foreign exchange and gold: 3.2% [see also: Budget - expenditures country ranks ] (2017 est.) 85.3 $1,300 $17.01 billion [see also: Current account balance country ranks ] (31 December 2017 est.) $1.036 billion [see also: Central bank discount rate country ranks ] 125 (31 December 2015 est.) Market value of publicly traded shares: 170 Data cited at: World Economic Outlook, October 2020, The International Monetary Fund. [see also: Stock of direct foreign investment - at home country ranks ] NA Stock of domestic credit: $789.4 million (2017 est.) (31 December 2016 est. Stock of direct foreign investment - at home: Credit crunch is an economic condition in which investment capital is difficult to obtain.