Liberia Economy - 1986

GEOGRAPHICAL NAMES 

GDP: $1.14 billion (1984) $490 per capita; 2% real annual growth rate (1984)

Natural resources: iron ore, rubber, timber, diamonds, gold

Agriculture: rubber, rice, oil palm, cassava, coffee, cocoa imports of rice, wheat, and live cattle and beef are necessary for basic diet

Fishing: catch 13,553 metric tons (1982)

Major industries: rubber processing, food processing, construction materials, furniture, palm oil processing, mining (iron ore, diamonds)

Electric power: 374,200 kW capacity (1985); 491 million kWh produced (1985), 219 kWh per capita

Exports. $432 million (f.o.b., 1984); iron ore, rubber, diamonds, lumber and logs, coffee, cocoa

Imports: $366 million (c.i.f., 1984); machinery, transportation equipment, petroleum products, manufactured goods, foodstuffs

Major trade partners: US, FRG, Netherlands, Italy, Belgium

Aid: economic commitments—Western (non-US), ODA and OOF (1970-83), $560 million; US authorizations (including Ex-Im) (FY70-84), $443 million; Communist (1970-84), $73.0 million; military commitments US (FY70-84), $57 million

Budget. (FY84-85) revenues, $192 million; current expenditures, $238 million; development and nonbudgetary expenditures, $151 million

Monetary conversion rate: uses the US dollar and the Liberian dollar, which trades officially at par

Fiscal year: 1 July-30 June

NOTE: The information regarding Liberia on this page is re-published from the 1986 World Fact Book of the United States Central Intelligence Agency and other sources. No claims are made regarding the accuracy of Liberia 1986 information contained here. All suggestions for corrections of any errors about Liberia 1986 should be addressed to the CIA or the source cited on each page.