Liberia

Republic of Liberia

English Liberian Dollar (LRD) Mixed: Anglo-American common law, customary law
AU, ECOWAS, AfCFTA, WTO

Liberia is a post-conflict economy with significant natural resource potential. Key sectors include iron ore mining (ArcelorMittal operations at Yekepa), rubber plantations (Firestone), palm oil, gold, diamonds, and forestry. The country operates a dual-currency system (USD and LRD). Liberia has the world's second-largest ship registry by tonnage. Under President Joseph Boakai (elected 2023), the government is focused on anti-corruption, infrastructure, and economic recovery. Challenges include limited infrastructure, electricity access (28%), and post-Ebola economic recovery.

SnapshotIndicatorsCountry FactsFocus SectorsRegulations & TaxesBusinesses (183)

Snapshot

Population~5.7 MWorld Bank, 2025
GDP (current USD)$5.2 BWorld Bank, 2025
GDP per Capita$915World Bank, 2025
GDP Growth5.02%World Bank, 2025
Inflation (y/y)~8.32%World Bank, 2025
Unemployment2.88%World Bank, ILO modelled estimate, 2025
Internet Use~32.23%World Bank, 2024
Electrification~28.00%World Bank WDI
CPI Score (Rank)25.0/100 (#142)Transparency Intl
HDI (Rank)0.481 (#178)UNDP HDR

World Bank Indicators Compare with another country

GDP (current USD)$5.2 BWorld Bank, 2025
GDP growth (annual)5.02%World Bank, 2025
GDP per capita (USD)$915World Bank, 2025
Population, total5.7 MWorld Bank, 2025
FDI net inflows (USD)$471.5 MWorld Bank, 2024
Inflation (consumer prices)8.32%World Bank, 2025
Unemployment (% labour force)2.88%World Bank, 2025
Internet use (% of people)32.23%World Bank, 2024
Trade (% of GDP)No value publishedWorld Bank, none for 2016 to 2025

Country Facts

CapitalMonrovia
RegionWest Africa
CurrencyLiberian Dollar (LRD)
FX RegimeManaged float (dual currency: USD/LRD)
Investment Promotion AgencyNational Investment Commission (NIC)
Legal SystemMixed: Anglo-American common law, customary law
Time ZoneAfrica/Monrovia

Focus Sectors

Mining (iron ore
gold
diamonds)
Rubber
Palm Oil
Forestry
Agriculture
Maritime (ship registry)
Telecoms
Construction

Regulations & Taxes

Corporate Income Tax25% standard
VAT / Sales Tax10% (Goods & Services Tax)

Tenders

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Construction of ups market and tusa field market renovation

MONTSERRADO COUNTY ADMINISTRATION

Construction of thinker village market

MONTSERRADO COUNTY ADMINISTRATION

Construction of police station in todee chiefdom

MONTSERRADO COUNTY ADMINISTRATION

Renovation of new kru town townhall

MONTSERRADO COUNTY ADMINISTRATION

Contract Awards

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Consultancy contracyt for the drafting of procurement Standard Bidding Documents, Manuals and Sustainable Procurement Policy cosytent with the revised draft (2025) PPCA.

Government of Liberia (World Bank-financed, project P177478)

Consulting Services for Gender Based Violent (GBV) Specialist within the IIU.

Government of Liberia (World Bank-financed, project P149279)

Consulting Services for Drafting of Legislation for the National Road Safety Agency (NRSA)

Government of Liberia (World Bank-financed, project P149279)