Liberian Economy

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Liberian Economy
Topic Started: Oct 6 2008, 10:32 PM (24 Views)
Liberia	Oct 6 2008, 10:32 PM Post #1
Hyper Power Posts: 2,060 Group: Members Member #20 Joined: Oct 3, 2008 Currency Liberian Dollar Capital Monrovia Population 3,334,587 GDP (Nominal) L$52,607,320 / $801,540,000 Nominal Per Capita $547	Currency: 1 Liberian dollar (L$ or LRD) = 100 cents Exchange rates: Liberian dollars (L$) per US$1 = L$1.00 (officially fixed rate since 1940); market exchange rate: Liberian dollars (L$) per US$1 = L$63 (July 2008) - L$1 = US$0.16. (Market rate floats against the US dollar: December 1998, US$1 = L$40; October 1995, US$1 = L$ 50.) GDP: purchasing power parity - $1.34 billion (2007 est. CIA World Factbook (CWF)) official exchange rate - $801 million (2007 est. CWF) GDP - real growth rate: 9.4% 2007 est. GDP - per capita: purchasing power parity - $547 GDP - composition by sector: agriculture: 76.9% industry: 5.4% services: 17.7% (2002 est. CWF) Population below poverty line: 80% (2002 est.) Household income or consumption by percentage share: lowest 10%: NA% highest 10%: NA% Inflation rate (consumer prices): 11.2% (2007 est. CWF) Labor force - by occupation: agriculture 70%, industry 8%, services 22% (2000 est.) Unemployment rate: 85% (2003 est.) Budget: revenues: $NA expenditures: $183 million, as stated in 2007/2008 Budget Fact Sheets. (Currency - US$ or L$ - is not stated for the total, but several components are stated as US$, and given the exchange rate the numbers can only add up if the total is also US$. The Liberian Auditor General reputedly described the budget as "unauditable"[1]. Some of his comments can be found at The Perspective, June 29, 2007.) Industries: rubber processing, palm oil processing, diamonds Industrial production growth rate: 0% Electricity - production: 319.3 million kWh (2005) Electricity - production by source: fossil fuel: 62.24% hydro: 37.76% nuclear: 0% other: 0% (1998) Electricity - consumption: 296.9 million kWh (2005 CWF) Electricity - exports: 0 kWh (1998) Electricity - imports: 0 kWh (1998) Oil - consumption: 3,550 bbl/day (2005 est. CWF) Oil - exports: 23.31 bbl/day (2004 CWF) Oil - imports: 3,532 bbl/day (2004 CWF) Agriculture - products: rubber, coffee, cocoa, rice, cassava (tapioca), palm oil, sugarcane, bananas; sheep, goats; timber Exports: $1.197 billion f.o.b. (2006 CWF) Exports - commodities: diamonds, iron ore, rubber, timber, coffee, cocoa Exports - partners: Germany 40.1%, South Africa 12%, Poland 11.7%, US 8.5%, Spain 8.2% (2006 - CWF) Imports: $7.143 billion f.o.b. (2006 - CIA World Factbook) Imports - commodities: fuels, chemicals, machinery, transportation equipment, manufactured goods; rice and other foodstuffs Imports - partners: South Korea 43.2%, Singapore 15%, Japan 12.8%, China 8.2% (2006 CWF) Debt - external: $3.2 billion (2005 est.) Economic aid - recipient: $236.2 million (2005 - CWF) Fiscal year: calendar year



Liberia	Oct 9 2008, 09:27 PM Post #2
Hyper Power Posts: 2,060 Group: Members Member #20 Joined: Oct 3, 2008 Currency Liberian Dollar Capital Monrovia Population 3,334,587 GDP (Nominal) L$52,607,320 / $801,540,000 Nominal Per Capita $547	Africa Motors Chairman: Mr. Jamal A. H. Basma A motor company that sells different types of cars from Nissan, Isuzu, Hyundai, KIA, and Suzuki. It's aim is to provide automobiles to the Liberian populace at affordable prices Edited by Liberia, Oct 9 2008, 09:31 PM.



Liberia	Oct 9 2008, 09:31 PM Post #3
Hyper Power Posts: 2,060 Group: Members Member #20 Joined: Oct 3, 2008 Currency Liberian Dollar Capital Monrovia Population 3,334,587 GDP (Nominal) L$52,607,320 / $801,540,000 Nominal Per Capita $547	Central Bank of Liberia Chairman of Board of Governors and Executive Governor: Mr. Elie E. Saleeby The Central Bank of Liberia is Liberia's main bank. It is in charge of printing the currency and also hold almost all government accounts. The bank has suffered in the past, but is working on rebuilding the currency exchange rate.



Liberia	Oct 9 2008, 09:34 PM Post #4
Hyper Power Posts: 2,060 Group: Members Member #20 Joined: Oct 3, 2008 Currency Liberian Dollar Capital Monrovia Population 3,334,587 GDP (Nominal) L$52,607,320 / $801,540,000 Nominal Per Capita $547	The Voinjama Lumber Company CEO/Chairman of the Board of Directors: Lawrence McGill A company in Voinjama responsible for converting Liberian lumber into processed wood for export.



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