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Liberia

Liberia Economic Outlook

  • Weak commodity prices continue to weigh on Liberia’s economy, which contracted by an estimated 0.5% in 2016. Economic growth is expected to strengthen in the medium term, reaching around 4% in 2017.
  • The government faces the challenge of staying focused on development priorities during an election year, while also contending with weak growth weighing on revenues, limited borrowing capacity, and added expenditure pressures linked to security and the election.
  • The government is pursuing a number of measures to help diversify the economy, increase productivity and entrepreneurship, and encourage value addition and investment in the agriculture sector.

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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 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

West Africa Region

Mr. M. Janvier LITSE, Director West Africa Region

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

TEL. : (+225) 20 26 40 47