Support Our Sponsor
. . Flags of the World Maps of All Countries

  • |Main INDEX|
  • 2004 INDEX
  • Country Ranks
  • DEFINITIONS

    Liberia Index


    . Feedback
  • geographic.org Home PageCountry Index

    Liberia Economy - 2004
    https://immigration-usa.com/wfb2004/liberia/liberia_economy.html
    SOURCE: 2004 CIA WORLD FACTBOOK

      Economy - overview:
      Civil war and misgovernment have destroyed much of Liberia's economy, especially the infrastructure in and around Monrovia. Many businessmen have fled the country, taking capital and expertise with them. Some have returned, many will not. Richly endowed with water, mineral resources, forests, and a climate favorable to agriculture, Liberia had been a producer and exporter of basic products - primarily raw timber and rubber. Local manufacturing, mainly foreign owned, had been small in scope. The departure of the former president, Charles TAYLOR, to Nigeria in August 2003, the establishment of the all-inclusive National Transition Government of Liberia (NTGL), and the arrival of a UN mission are all encouraging signs that the political crisis is coming to an end. The restoration of infrastructure and the raising of incomes in this ravaged economy depend on the implementation of sound macro- and micro-economic policies, including the encouragement of foreign investment, and generous support from donor countries.

      GDP:
      purchasing power parity - $3.261 billion (2003 est.)

      GDP - real growth rate:
      3% (2003 est.)

      GDP - per capita:
      purchasing power parity - $1,000 (2003 est.)

      GDP - composition by sector:
      agriculture: 76.9%
      industry: 5.4%
      services: 17.7% (2002 est.)

      Population below poverty line:
      80%

      Household income or consumption by percentage share:
      lowest 10%: NA%
      highest 10%: NA%

      Inflation rate (consumer prices):
      15% (2003 est.)

      Labor force - by occupation:
      agriculture 70%, industry 8%, services 22% (2000 est.)

      Unemployment rate:
      85% (2003 est.)

      Budget:
      revenues: $85.4 million
      expenditures: $90.5 million, including capital expenditures of $NA (2000 est.)

      Industries:
      rubber processing, palm oil processing, timber, diamonds

      Industrial production growth rate:
      NA%

      Electricity - production:
      468.8 million kWh (2001)

      Electricity - production by source:
      fossil fuel: 100%
      hydro: 0%
      other: 0% (2001)
      nuclear: 0%

      Electricity - consumption:
      435.9 million kWh (2001)

      Electricity - exports:
      0 kWh (2001)

      Electricity - imports:
      0 kWh (2001)

      Oil - production:
      0 bbl/day (2001 est.)

      Oil - consumption:
      3,100 bbl/day (2001 est.)

      Oil - imports:
      NA

      Agriculture - products:
      rubber, coffee, cocoa, rice, cassava (tapioca), palm oil, sugarcane, bananas; sheep, goats; timber

      Exports:
      $1.079 billion f.o.b. (2002 est.)

      Exports - commodities:
      rubber, timber, iron, diamonds, cocoa, coffee

      Exports - partners:
      Germany 52.7%, France 8.2%, Poland 6.8%, Denmark 5.3%, China 4.7%, Italy 4.4%, US 4% (2002)

      Imports:
      $5.051 billion f.o.b. (2002 est.)

      Imports - commodities:
      fuels, chemicals, machinery, transportation equipment, manufactured goods; foodstuffs

      Imports - partners:
      South Korea 31.1%, Japan 19.5%, Germany 16%, France 9.3%, Singapore 8.1% (2002)

      Debt - external:
      $2.1 billion (2000 est.)

      Economic aid - recipient:
      $94 million (1999)

      Currency:
      Liberian dollar (LRD)

      Currency code:
      LRD

      Exchange rates:
      Liberian dollars per US dollar - NA (2003), 61.75 (2002), 48.58 (2001), 40.95 (2000), 41.9 (1999)

      Fiscal year:
      calendar year


      NOTE: The information regarding Liberia on this page is re-published from the 2004 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Liberia Economy 2004 information contained here. All suggestions for corrections of any errors about Liberia Economy 2004 should be addressed to the CIA.

    Support Our Sponsor

    Support Our Sponsor

    Please ADD this page to your FAVORITES - - - - -



    https://immigration-usa.com/wfb2004/liberia/liberia_economy.html

    Revised 21-May-04
    Copyright © 2004 Photius Coutsoukis (all rights reserved)


    CTR040725