Liberia

Liberia Economic Outlook

  • Liberia’s post-war economic growth was sustained in 2012, led by the first full year of iron ore exports, construction, and strong performance in the service sector, but these positive trends are subject to fluctuations in commodity prices, FDI, and overseas development assistance.
  • President Sirleaf’s government passed its FY 2012/13 budget as part of an Open Budget Initiative, but it faces mounting pressure to increase employment, improve services, tackle corruption and address governance issues in the forestry, palm oil, and oil sectors.
  • The poverty rate has decreased from 64% to 56% between 2007 and 2010, but some 78% of the population remains engaged in vulnerable employment, and Liberia ranks close to the bottom of countries in the Human Development Index (HDI) (174th out of 187).

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





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Key Facts

Flag:
Capital: Monrovia
Area: 111,000 sq km
Total Population 2012: 4.2 Million
Urban Population 2012: 48.59%
Female Population 2012: 49.71%
GDP: US$ 1.8 Billion
GNI Per Capita 2012: US$ 240
Inflation Rate: 6.90%
Crude Birth Rate (per 1000): 37.91%
Human Development Index (rank / 187): 174
Human Development Index (scale 0 to 1): 0.388
Membership Date: 10/09/1964
Cumulative Approvals (1967-2012): UA 272.5 Million

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