Economic Structure of Liberia

1 Dolar: 112.7 Liberia Doları Economy Assessment

Liberia is generally a low-income country dependent on foreign aid and foreign workers' incomes. The country is extremely rich in terms of water resources, mineral fuels and forestry products and has an extremely favorable climate for agriculture. The main export products are iron ore, rubber, diamond and gold. Palm oil and cocoa have recently emerged as new export products. The government is also trying to revive the oil exploration and development sector with the production of timber. In the 1990s and early 2000s, due to civil war and mismanagement, the country's economy, and especially the infrastructure around the capital, suffered considerable damage. During this period, there were great conflicts for the control of Liberia's natural resources. As a result of the end of the war in 2006 and the election of a Government as a democrat, many investments have fled the country. During the period of 2010-2013, the Liberian economy has achieved high growth rates due to commodity prices. However, during the Ebola crisis that emerged in the region in 2014-2015, the economy started to decline again and left the country with many foreign investors and specialist capitals in the country. The government had to spend its limited resources for public investment in combating the virus. In this process, as the global commodity prices started to decline, the country's revenues decreased significantly. In 2017, the production of gold and the export of gold were the biggest driving force of the economy. In addition, Arcelor-Mittal, the world's largest iron and steel producer, has increased its iron ore exports due to the new mine opened at Gangra Mountain. With the rehabilitation of the hydroelectric power plant at Kahve Dağı, electricity generation has increased, but the electricity tariff in the country is still high compared to the countries in the region and the electricity transmission infrastructure is extremely weak. The expenditures made at the end of 2017 also put significant pressure on the economy.

Per person GDP 478$ Mutual Investments

a. Investment Climate in Liberia
Liberia is located in small countries of Africa with a population of around 4.4 million. It is one of the three West African countries most affected by ebola, which killed thousands of people in the continent in 2014. The health crisis in the country had negative impacts on the economy, including the reduction of agricultural production, the suspension of international flights, restrictions on transport and the closure of major market areas and international borders. Rubber and iron, the two major export products of the country, are highly affected by the fall in international prices. These negative developments have caused a significant contraction in the Liberian economy. The country has a market-based economy open to foreign capital. Despite its rich underground resources, it is one of the poorest countries in the world. Major sectors to be invested in include agriculture and agricultural trade, energy and electricity generation, infrastructure development, contracting and real estate, mining, manufacturing, transport and services. The Liberian government is updating its institutions, investment policies and trade regulations to attract foreign investors to the country. In 2010, the Law on the Establishment of a Commercial Court and the Law on the Strengthening of Small Enterprises were enacted in order to improve the investment environment in the country and to carry out commercial transactions in a safe manner. The country has also made reforms and encouraged the establishment of the company to accelerate business registration processes..
b. Legal Infrastructure of Two Country Investment Relations
There is no Agreement on Mutual Protection and Promotion of Investments between the two countries.
c. Investments of our country in Liberia
Our country does not have any investment in Liberia.

Liberia Job Opportunities Sectors

  • Coffee Industry
  • Cacao Sector
  • The precious and precious stones
  • Mining Industry
  • Gold
  • Iron ore
  • Bauxite
  • Agriculture Sector
  • Sugar cane
  • Palm oil
  • Palm oil
  • Banana
  • Cassava (Cassava root / Tapioca)
  • Forest Products
  • Tropical Trees (Oak, Beech, Poplar - square and round shape. -)
  • Sea products
  • Scrap
  • Rubber Industry
  • Rubber
  • Synthetic Small
  • Reclaimed Rubber

Chart Economic Indicators

GSYİH (Nominal)

2,2 milyar $

KİŞİ BAŞINA GSYİH

478 $

GSYİH BÜYÜME HIZI (Reel)

-1,6

ENFLASYON ORANI

 

PARA BİRİMİ&DÖVİZ KURU

Liberya Doları (XEU)

1 Dolar: 112.7 XEU

TOPLAM REZERVLER

425 milyon $

İHRACAT

367,8 milyon $

İTHALAT

-0,9 milyar $

ÜLKEYE GİREN YATIRIM TUTARI (akım)

453 milyon $

YURTDIŞINA ÇIKAN YATIRIM TUTARI

41 milyon $

İŞSİZLİK ORANI

Veri bulunmamaktadır.

DÜNYA BANKASI İŞ YAPMA KOLAYLIĞI SIRALAMASI-2017

172/190

GSYİH’NİN SEKTÖREL DAĞILIMI

% 34,2 Tarım

% 13,0 Sanayi

% 52,8 Hizmetler

İHRACATINDA BAŞLICA ÜRÜNLER %

Gemiler ve suda yüzen taşıtlar (25), altın (23), kauçuk (10), kakao (10), mineral yakıtlar (9)

İTHALATINDA BAŞLICA ÜRÜNLER %

Gemiler ve suda yüzen taşıtlar (64), tarifede yer almayan ürünler (19), mineral yakıtlar (4,0), makineler (3), elektrikli aletler (1)

İHRACATINDA BAŞLICA ÜLKELER %

Polonya (19,6), BAE (11,6), İsviçre (10,2), Hollanda (8,3), Almanya (7,1), (Türkiye 0,9; 18. sıra)

İTHALATINDA BAŞLICA ÜLKELER %

Güney Kore (38), Singapur (18,8), Çin (16,6), Japonya (11,5), Almanya (2,3) (Türkiye 0,7; 11. Sıra)

BAŞLICA SANAYİ DALLARI

Madencilik (demir cevheri), kauçuk işleme, palmiye yağı işleme, kereste, elmas

BAŞLICA TARIMSAL ÜRETİM

Kauçuk, kahve, kakao, pirinç, manyok (manyok, tapyoka), hurma yağı, şeker kamışı, muz; koyun, kereste

MADENLER VE YERALTI KAYNAKLARI

Altın, boksit, kereste, demir ve elmas