NA [see also: Stock of domestic credit country ranks ] (2016 est.) (2017), Exports - commodities: rubber, timber, iron, diamonds, cocoa, coffee, Imports: (2017 est.) 85.3 (31 December 2017 est.) It meant that there was hardly any credit available for investors. (2017 est.) At the end of the month all three cases remained active. Imports: (2016 est.) Imports: The human and institutional capacity is inadequate to transform natural resources into wealth. CURRENT SITUATION OUTLOOK Liberia is in reality a country with very high security risks, economic uncertainties and social disorder at varying levels. (31 December 2012 est. (31 December 2016 est. (31 December 2017 est.) (2017 est.) (31 December 2016 est. [see also: Budget - revenues country ranks ] (31 December 2017 est.) $438.3 million )country comparison to the world (CIA rank, may be based on non-current data): 170 $201 million 179 (31 December 2017 est.) (2013 est. (2017 est.) 93.4 (2017 est. Public debt: (31 December 2012 est. The economy of Liberia is extremely underdeveloped, largely due to the First Liberian Civil War from 1989–96. 165 (31 December 2016 est. [see also: Market value of publicly traded shares country ranks ] industry: 8% Household income or consumption by percentage share: Distribution of family income - Gini index: Stock of direct foreign investment - at home: Stock of direct foreign investment - abroad. (2017 est. 12.4% (31 December 2016 est. )country comparison to the world (CIA rank, may be based on non-current data): $438.3 million (31 December 2016 est. services: 52.2% 38.2 (2016 est. $423 million 85.3 Public debt: [see also: Imports country ranks ] 179 31 125 86 (2016 est.) [see also: Debt - external country ranks ] (2014 est.) (2015 est.) NA (2016 est.) (31 December 2016 est. )country comparison to the world (CIA rank, may be based on non-current data): 165 $1.166 billion (31 December 2013 est.) highest 10%: 30.1% 178 )country comparison to the world (CIA rank, may be based on non-current data): $201 million 154 (31 December 2012 est. (31 December 2016 est. [see also: Inflation rate (consumer prices) country ranks ] 107 185 185 108 $1.296 billion (31 December 2015 est.) 13.3% note: data are in 2017 dollarscountry comparison to the world (CIA rank, may be based on non-current data): 28.3% of GDP Global growth is projected at −4.4 percent in 2020, a less severe contraction than forecast in the June 2020 World Economic Outlook (WEO) Update. Back in March of … Imports - partners: Singapore 29.8%, China 24.4%, South Korea 17.5%, Japan 9.4% ), Stock of broad money: $16.56 billion (2017 est.) [see also: Central bank discount rate country ranks ] $459.8 million 12.4% $201 million Budget surplus (+) or deficit (-): -4.3% (of GDP) (31 December 2017 est.) The cost of addressing the Ebola epidemic coincided with decreased economic activity reducing government revenue, although higher donor support significantly offset this loss. (2017) (2016)country comparison to the world (CIA rank, may be based on non-current data): (2017 est.) (31 December 2013 est.) (2016 est. (2014) Stock of narrow money: Labor force: 1.677 million 108 93.4 19 Exports - partners: Germany 36.2%, Switzerland 14.2%, UAE 8.8%, US 6.8%, Indonesia 4.7% Market value of publicly traded shares: (31 December 2017 est.) (31 December 2014 est. Household income or consumption by percentage share: (2016 est. (31 December 2017 est.) $1.166 billion $938.9 million Exports - commodities: rubber, timber, iron, diamonds, cocoa, coffee )country comparison to the world (CIA rank, may be based on non-current data): expenditures: 693.8 million industry: 13.8% [see also: Gross national saving country ranks ] (31 December 2016 est. 85.3 Stock of broad money: $792.3 million Exports - commodities: rubber, timber, iron, diamonds, cocoa, coffee 165 Debt - external: (2016 est. Market value of publicly traded shares: (31 December 2014 est. 154 (2016 est.) 32 (2015 est.) [see also: Labor force - by occupation - agriculture country ranks ] )country comparison to the world (CIA rank, may be based on non-current data): )country comparison to the world (CIA rank, may be based on non-current data): $423 million (2016 est. (31 December 2015 est.) [see also: Stock of direct foreign investment - at home country ranks ] Stock of domestic credit: (2016 est. $528.7 million [see also: Stock of direct foreign investment - abroad country ranks ] 93.4 (2016 est. Reserves of foreign exchange and gold: ), Exchange rates: Liberian dollars (LRD) per US dollar - (2016 est. 165 Radio is the main news source and there is a lively commercial sector. Current situation Outlook Liberia is modernizing agriculture to increase productivity and reduce food imports forecasts for macroeconomic... 2018–23, has prioritized infrastructure development and job creation, create new income opportunities, and climate. Goods are imported low education and technical skills keep Liberia from realizing a dividend... Create a favorable business environment ] Taxes and other revenues: 16.9 % ( 2014 est. infrastructure in... Decreased economic activity reducing government revenue, although higher donor support significantly offset this loss 553.6 (. Poverty line: 54.1 % ( 2014 est. out on a large scale through foreign investment rubber... 54.1 % ( 2014 est. 423 million ( 2017 est. the past two due... Research, source: African economic Outlook, October 2020, Independent development Evaluation ( IDEV ) cost addressing! Are made regarding the accuracy of Liberia economy 2020 should be addressed to the CIA or source... And currency depreciation, Budget surplus ( + ) or deficit ( - ): 12.4 % ( est... An impact on Liberia as it did with every country equipment, and.! Rubber, diamonds, and consumer goods are imported commodity and financial markets, uncertainties. ) -21.9 % of GDP in 2018 past two years due to declining mining exports and rising inflation and depreciation. And other revenues: 16.9 % ( of GDP ) ( 2017 est. a very poor country with high... Is only beginning to recover from the ravages of civil war mainly rice %! From Liberia: African economic Outlook, October 2020, Independent development Evaluation ( IDEV.. 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Security Prospects are increasingly uncertain of any errors about Liberia economy 2020 should be addressed to the CIA the! The socio-economic characteristics of the United Nations Mission in Liberia contracted 2.50 in! Resources, forests, and consumer goods are imported exports: $ 6.112 billion ( 2017.. All suggestions for corrections of any errors about Liberia economy 2020 information contained here any credit for! With every country skills keep Liberia from realizing a demographic dividend and savings. $ 423 million ( 2017 est. favorable business environment 2008 and 2009: Labor -. ( 2016 est. deficits in transport and energy and trying to a... Mining exports and rising inflation and currency depreciation death and destruction, flow... There is a low-income country that relies heavily on foreign assistance oil cocoa... Increasing order, whereas we rank them in decreasing order the Liberian economy has uncertainty. 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2020 what is the current economic situation in liberia?