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Liberia

Liberia Economic Outlook

  • The drop in commodity prices and after effects of the Ebola outbreak cut Liberia’s economic growth in 2015 to 0.4%. However, gold production and the resumption of public infrastructure projects will support a modest pickup in growth in 2016 to 2.8%.
  • Lower revenue growth, tighter borrowing limits, and a large wage bill increase the need to align expenditure and borrowing with development priorities in the lead up to the 2017 presidential elections.
  • The rapidly increasing population in Monrovia requires stronger urban policies to reduce congestion and improve the quality of life in informal settlements and continued effort to increase economic opportunities in rural areas.

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Key Facts

Flag:
Capital: Monrovia
Area: 111,000 sq km
Total Population 2015: 4.3 Million
Urban Population 2015: 48.92%
Female Population 2015: 49.64%
GDP: US$ 2.2 Billion
GNI Per Capita 2015: US$ 370
Inflation Rate: 8.00%
Crude Birth Rate (per 1000): 35.49%
Human Development Index (rank / 187): 174
Human Development Index (scale 0 to 1): 0.388
Membership Date: 10/09/1964
Cumulative Approvals (1967-2015): UA 329.6 Million

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Contacts

Liberia field office

African Development Bank Group
Sophie Community, Old Congo Town,
P.O. Box 1844,
1000 Monrovia, 10 Liberia

Phone: (+231) 777 11 7773 / (+231) 777 11 7775

Ms Margaret Kilo, Resident Representative

Department West Africa Region

Mr. Franck Perrault, Director West Africa Region

African Development Bank Group
24ème  Etage, Immeuble  CCIA, Plateau
01 Boite Postale 1387 Abidjan 01
Côte d’Ivoire

Phone: (+225) 20 20 40 46