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Liberia

Liberia Economic Outlook

Economic growth has stagnated in Liberia since 2014 due to low commodity prices and the Ebola outbreak in 2014–15. After estimated growth of 0.7% in 2014 and 0% in 2015, the economy contracted 1.6% in 2016. A modest pickup in gold exports supported growth at an estimated 2.6% in 2017. Further gold and iron ore expansion, commercial palm oil production, and normalization of investment after the political transition are projected to support a growth rate of 3.9% in 2018 and 5% in 2019. Nevertheless, medium-term growth is expected to remain below pre-Ebola levels of over 7%.

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Key Facts

Flag:
Capital: Monrovia
Area: 111,000 sq km
Total Population 2017: 4.7 Million
Urban Population 2017: 73.50%
Female Population 2017: 49.70%
GDP: US$ 2.5 Billion
GNI Per Capita 2015: US$ 380
Inflation Rate: 10.00%
Crude Birth Rate (per 1000): 33.80%
Human Development Index (rank / 188): 177
Human Development Index (scale 0 to 1): 0.427
Membership Date: 10/09/1964
Cumulative Approvals (1967-2016): UA 350.2 Million

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Contacts

Liberia Country 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

Mr Orison Amu, Country Manager

West Africa Region

Mrs Marie-Laure Akin-Olugbade, Director General

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

TEL. : (+225) 20 26 40 47