Liberia (2008) | Liberia (2007) | |
![]() | ![]() | |
Background | Settlement of freed slaves from the US in what is today Liberia began in 1822; by 1847, the Americo-Liberians were able to establish a republic. William TUBMAN, president from 1944-71, did much to promote foreign investment and to bridge the economic, social, and political gaps between the descendents of the original settlers and the inhabitants of the interior. In 1980, a military coup led by Samuel DOE ushered in a decade of authoritarian rule. In December 1989, Charles TAYLOR launched a rebellion against DOE's regime that led to a prolonged civil war in which DOE himself was killed. A period of relative peace in 1997 allowed for elections that brought TAYLOR to power, but major fighting resumed in 2000. An August 2003, peace agreement ended the war and prompted the resignation of former president Charles TAYLOR, who faces war crimes charges in The Hague related to his involvement in Sierra Leone's civil war. After two years of rule by a transitional government, democratic elections in late 2005 brought President Ellen JOHNSON SIRLEAF to power. The UN Mission in Liberia (UNMIL) maintains a strong presence throughout the country, but the security situation is still fragile and the process of rebuilding the social and economic structure of this war-torn country will take many years. | Settlement of freed slaves from the US in what is today Liberia began in 1822; by 1847, the Americo-Liberians were able to establish a republic. William TUBMAN, president from 1944-71, did much to promote foreign investment and to bridge the economic, social, and political gaps between the descendents of the original settlers and the inhabitants of the interior. In 1980, a military coup led by Samuel DOE ushered in a decade of authoritarian rule. In December 1989, Charles TAYLOR launched a rebellion against DOE's regime that led to a prolonged civil war in which DOE himself was killed. A period of relative peace in 1997 allowed for elections that brought TAYLOR to power, but major fighting resumed in 2000. An August 2003, peace agreement ended the war and prompted the resignation of former president Charles TAYLOR, who was exiled to Nigeria. After two years of rule by a transitional government, democratic elections in late 2005 brought President Ellen JOHNSON SIRLEAF to power. The UN Mission in Liberia (UNMIL), which maintains a strong presence throughout the country, completed a disarmament program for former combatants in late 2004, but the security situation is still volatile and the process of rebuilding the social and economic structure of this war-torn country remains sluggish. |
Budget | revenues: NA
expenditures: NA |
revenues: $85.4 million
expenditures: $90.5 million (2000 est.) |
Diplomatic representation from the US | chief of mission: Ambassador Donald E. BOOTH
embassy: 111 United Nations Drive, P. O. Box 10-0098, Mamba Point, 1000 Monrovia, 10 mailing address: use embassy street address telephone: [231] 7-705-4825 or 4826 FAX: [231] 7-701-0370 |
chief of mission: Ambassador Donald E. BOOTH
embassy: 111 United Nations Drive, P. O. Box 10-0098, Mamba Point, 1000 Monrovia, 10 mailing address: use embassy street address telephone: [231] 226-370 through 226-380 FAX: [231] 226-148 |
Economy - overview | Civil war and government mismanagement destroyed much of Liberia's economy, especially the infrastructure in and around the capital, Monrovia. Many businesses fled the country, taking capital and expertise with them, but with the conclusion of fighting and the installation of a democratically-elected government in 2006, some have returned. Richly endowed with water, mineral resources, forests, and a climate favorable to agriculture, Liberia had been a producer and exporter of basic products - primarily raw timber and rubber. Local manufacturing, mainly foreign owned, had been small in scope. President JOHNSON SIRLEAF, a Harvard-trained banker and administrator, has taken steps to reduce corruption, build support from international donors, and encourage private investment. Embargos on timber and diamond exports have been lifted, opening new sources of revenue for the government. The reconstruction of infrastructure and the raising of incomes in this ravaged economy will largely depend on generous financial and technical assistance from donor countries and foreign investment in key sectors, such as infrastructure and power generation. | Civil war and government mismanagement have destroyed much of Liberia's economy, especially the infrastructure in and around the capital, Monrovia. Many businessmen have fled the country, taking capital and expertise with them. Some have returned, but many will not. Richly endowed with water, mineral resources, forests, and a climate favorable to agriculture, Liberia had been a producer and exporter of basic products - primarily raw timber and rubber. Local manufacturing, mainly foreign owned, had been small in scope. President JOHNSON SIRLEAF, a Harvard-trained economist, has taken steps to reduce corruption, build support from international donors, and encourage private investment. An embargo on timber exports has been lifted, opening a source of revenue for the government, but diamonds remain under UN sanctions. The reconstruction of infrastructure and the raising of incomes in this ravaged economy will largely depend on generous financial support and technical assistance from donor countries. |
Exchange rates | Liberian dollars per US dollar - NA (2007), 59.43 (2006), 53.098 (2005), 54.906 (2004), 59.379 (2003) | Liberian dollars per US dollar - 59.43 (2006), 53.098 (2005), 54.906 (2004), 59.379 (2003), 61.754 (2002) |
Exports - partners | Germany 40.1%, South Africa 12%, Poland 11.7%, US 8.5%, Spain 8.2% (2006) | Germany 22.6%, South Africa 15.5%, Poland 15.1%, US 11%, Spain 10.6%, South Korea 4.1% (2006) |
GDP - real growth rate | 8.5% (2007 est.) | 7.8% (2006 est.) |
Imports | 3,532 bbl/day (2004) | NA bbl/day |
International organization participation | ACP, AfDB, AU, ECOWAS, FAO, G-77, IAEA, IBRD, ICAO, ICCt, ICRM, IDA, IFAD, IFC, IFRCS, ILO, IMF, IMO, IMSO, Interpol, IOC, IOM, IPU, ITU, ITUC, MIGA, NAM, OPCW (signatory), UN, UNCTAD, UNESCO, UNIDO, UPU, WCL, WCO, WFTU, WHO, WIPO, WMO | ACP, AfDB, AU, ECOWAS, FAO, G-77, IAEA, IBRD, ICAO, ICCt, ICRM, IDA, IFAD, IFC, IFRCS, ILO, IMF, IMO, IMSO, Interpol, IOC, IOM, IPU, ITU, ITUC, NAM, OPCW (signatory), UN, UNCTAD, UNESCO, UNIDO, UPU, WCL, WCO, WFTU, WHO, WIPO, WMO |
Political parties and leaders | Alliance for Peace and Democracy or APD [Togba-na TIPOTEH]; Coalition for the Transformation of Liberia or COTOL [H. Varney SHERMAN]; Congress for Democratic Change or CDC [George WEAH]; Liberty Party or LP [Charles BRUMSKINE]; National Patriotic Party or NPP [Roland MASSAQUOI]; Unity Party or UP [Ellen JOHNSON SIRLEAF] | Alliance for Peace and Democracy or APD [Togba-na TIPOTEH]; Coalition for the Transformation of Liberia or COTOL; Congress for Democratic Change or CDC [George WEAH]; Liberian Action Party or LAP [H. Varney SHERMAN]; Liberty Party or LP [Charles BRUMSKINE]; National Patriotic Party or NPP [Cyril ALLEN]; Unity Party or UP [Charles CLARKE] |
Radio broadcast stations | AM 0, FM 10, shortwave 2 (2007) | AM 0, FM 7, shortwave 2 (2001) |
Railways | total: 490 km
standard gauge: 345 km 1.435-m gauge narrow gauge: 145 km 1.067-m gauge note: sections of railway are inoperable because of damage suffered during the civil war (2008) |
total: 490 km
standard gauge: 345 km 1.435-m gauge narrow gauge: 145 km 1.067-m gauge note: railway is inoperable because of damage suffered during the civil war (2006) |
Television broadcast stations | 4 (plus 4 repeaters) (2007) | 1 (plus 4 repeaters) (2001) |