Liberia

Liberia is a country in West Africa, bordering Sierra Leone, Guinea and Cote d\'Ivoire with a land mass of 111,370km² and a total coastline of 579km. It has a population of 5.73 million and GDP is estimated at US$5.17bn which is expected to grow by 5.3% in 2025. Inflation is running at 8.2%.

The currency is the Liberian Dollar.

Liberia is one of the poorest countries in the world, with 59% of its population living in poverty as of 2016. The country faces significant challenges, including low human development, high rates of child stunting and malnutrition, inadequate sanitation, and severe spatial challenges.

The new Liberian Government was inaugured into office on January 22, 2024. President Joseph N. Boakai’s full cabinet was confirmed within weeks of the inauguration, and the new administration has outlined its vision for Liberia’s development through the ARREST agenda – an acronym representing Agriculture, Roads, Rule of Law, Education, Sanitation, and Tourism. GDP growth is driven mainly by mining, specifically gold production.

Liberia has the third-largest ship registry after Panama and the Marshall Islands, where boatowners who register under their liberal flags of convenience Liberia claims to have 4,400 vessels, or 12% of the world\'s oceangoing fleet, in its registry, which is headquartered in Virginia, in the US. However, few benefits flow through to the Liberian people or the economy, which continues to be vulnerable to external shocks, and whose infrastructure deficit continues to constrain development. APM Terminals Management (a division of A.P. Moller-Maersk) has an interest in the Liberian Port of Monrovia, and the Regional Maritime University has a training facility in the country.


Sources: Who Owns Whom sector reports, CIA Factbook, African Development Bank, World Bank, Trading Economics, African Statistical Yearbook and IMF. ?>