Economy of Liberia

Imports

Imports commoditiesfuels, chemicals, machinery, transportation equipment, manufactured goods; foodstuffs

Import partnersSouth Korea 26.7%, China 24.4%, Singapore 23.2%, Japan 16.1% (2012)

Exports

Exports commoditiesrubber, timber, iron, diamonds, cocoa, coffee

Export partnersChina 24%, US 15.3%, Spain 11%, Algeria 6.5%, Thailand 4.5%, Malaysia 4.1%, France 4% (2012)

Economy sectors

Agriculture productsrubber, coffee, cocoa, rice, cassava (manioc), palm oil, sugarcane, bananas; sheep, goats; timber

Industrial productsrubber processing, palm oil processing, timber, diamonds

Economy

Unemployment3.70 % (2011)3.70 % (2010)

GDP - Official Exchange Rate1.98 Billion $ (2013)1.71 Billion $ (2012)1.54 Billion $ (2011)

GDP growth rate8.10 % (2013)8.30 % (2012)8.20 % (2011)

GDP per Capita (PPP)700 $ (2013)700 $ (2012)600 $ (2011)

GDP - Purchasing Power Parity2.90 Billion $ (2013)2.65 Billion $ (2012)2.47 Billion $ (2011)

GDP PPP per land area26,022 $ per square kilometer (2013)23,750 $ per square kilometer (2012)22,196 $ per square kilometer (2011)

Electricity

Banking

Commercial bank prime lending rate14.0 % (2013)13.5 % (2012)13.8 % (2011)

GDP decomposition by sector

Debt, Current Account Balance and Budget Deficit

Public debt (Percentage of GDP)3.30 % of GDP (2013)0.40 % of GDP (2012)3.30 % of GDP (2011)

Current Account Balance (Percentage of GDP)-49.14 % of GDP (2011)-32.12 % of GDP (2010)-24.00 % of GDP (2009)

External Debt Stocks (Percentage of GNI)30.2 % of GNI (2012)31.4 % of GNI (2011)37.6 % of GNI (2010)

Short-term debt (percentage of total external debt)2.47 % of total external debt (2012)2.72 % of total external debt (2011)0.11 % of total external debt (2010)

Current Account Balance (Total)-742.40 Million $ (2013)-918.80 Million $ (2012)-754.30 Million $ (2011)

External Debt (Total)438 Million $ (2013)349 Million $ (2012)307 Million $ (2011)

External Debt (Percentage of GDP)22.2 % of GDP (2013)20.4 % of GDP (2012)20.0 % of GDP (2011)

External Debt per Capita110 $ (2013)89.8 $ (2012)81.0 $ (2011)