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Country | Liberia |
Currency | Liberian dollar (LRD) United States dollar (USD) |
Year | 1 July - 30 June |
Organs | ECOWAS, MRU, WAMZ |
Rank | 167th (nominal) / 170th (PPP) |
Gdp | $977 million (2010 est.) (nominal; 167th)
$1.709 billion (2010 est.) (PPP; 170th) |
Growth | 7.3% (2010 est.) |
Per Capita | $227 (2010 est.) (nominal; 180th)
$396 (2010 est.) (PPP; 180th) |
Sectors | agriculture: 62.7% industry: 6.4% services: 30.8% (2010 est.) |
Inflation | 7.4% (2010 Period average) |
Edbr | 155th |
Occupations | agriculture 70%, industry 8%, services 22% (2000) |
Unemployment | 80% (2007) |
Industries | rubber processing, palm oil processing, timber, diamonds |
Exports | $1.197 billion (2006) |
Export-goods | rubber, timber, iron, diamonds, cocoa, coffee |
Export-partners | Malaysia, 27.5%, Poland, 18.5%, Germany, 11.5%, United States, 10.5%, Spain, 8.2%, Norway, 5.5% (2007) |
Imports | $7.143 billion (2006) |
Import-goods | fuels, chemicals, machinery, transportation equipment, manufactured goods, foodstuffs |
Import-partners | South Korea, 31.4%, Singapore, 22.1%, Japan, 14.9%, China, 10.1% (2007) |
Debt | $440 million (2010 est.), 45% of GDP |
Revenue | $234.9 million (2010) |
Expenses | $312.1 million (2010) |
Aid | recipient: International multi-billion dollar debt relief and development aid |
Cianame | li |
Spelling | US |
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The First Liberian Civil War in 1989-96 destroyed much of Liberia's economy, especially the infrastructure in and around Monrovia. Many businessmen fled the country, taking capital and expertise with them. Some returned during 1997. Many will not return. Richly endowed with water, mineral resources, forests, and a climate favorable to agriculture, Liberia had been a producer and exporter of basic products, while local manufacturing, mainly foreign owned, had been small in scope. The democratically elected government, installed in August 1997, inherited massive international debts and currently relies on revenues from its maritime registry to provide the bulk of its foreign exchange earnings. The restoration of the infrastructure and the raising of incomes in this ravaged economy depend on the implementation of sound macro- and micro-economic policies of the new government, including the encouragement of foreign investment.
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