Liberia Business

GDP: US$902.9 million (2006).
Main exports: Rubber, diamonds, iron ore, timber and cocoa.
Main imports: Mineral fuels, chemicals, machinery and transport equipment, manufactured goods.
Main trade partners: USA, EU, Japan, Sierra Leone and China.

Economy

The civil war caused severe damage to the economy and, following the peace settlement, reconstruction has been the highest priority as the infrastructure is in ruins. In 2003, unemployment was at 85% and inflation at 15%. Liberia's annual growth was 7.8% in 2006. Around 70% of the population work the land, producing rice and cassava as staple foods and palm oil, coffee and cocoa as cash crops. The country’s principal export commodities are iron ore and rubber. Some gold and diamonds are also mined.

The manufacturing industry (still operating far below capacity) produces cement and other building materials, chemicals, drinks and tobacco and consumer products. Liberia operates one of the longest established open registry (flag of convenience) merchant shipping fleets. This continues to be an essential source of foreign exchange and government revenue.

Liberia relies heavily on international aid and financial support. It is a member of the West African trading bloc ECOWAS. The USA is Liberia’s largest trading partner.

Business Etiquette

Business dress is informal – normally a shirt and tie is acceptable. The language used in business circles is English.

Office hours: Mon-Fri 0800-1200 and 1400-1700.

Business Contacts

Liberia Chamber of Commerce
PO Box 92, Monrovia, Liberia
Tel: +231 223 738.
Need some holiday inspiration?
Tired of the same holiday destination?
Fresh ideas are just one click away...
Sign up for our newsletter
Be the first to hear about the coolest destinations and the latest travel trends. Plus, competitions, holiday inspiration and amusing facts, delivered directly to your inbox. Sign up for our newsletter
Advertisement

Travel Deals

Advertising features
Travel Partners
Advertisement
Advertisement
Advertisement
Spot the holiday killer - Protect yourself from malaria. Before you travel, find out if your holiday destination is in a malaria zone.

Quick links