Liberia

A rebuilding market, rich in resources and human potential

Executive
Snapshot

Population: ~5.3 million
GDP (nominal): ~$4.5–5.0 billion
Currency: Liberian dollar (LRD)
Main sectors: Mining (iron ore, gold), rubber, agriculture, timber, services
Top trade partners: China, EU, India, United States
Regional role: Emerging Atlantic gateway in West Africa, rebuilding its institutions and economy

Macroeconomic Overview

Liberia’s economy grows at a moderate but steady pace (around 4% annually), driven by exports of iron ore, natural rubber, and agricultural goods. The economy remains vulnerable to commodity price fluctuations and logistical challenges. The government is working to enhance port infrastructure (Monrovia Port), energy access, and regional connectivity through public–private partnerships.

Strategic Sectors and Opportunities

Mining and Natural Resources: Iron ore, gold, and diamond extraction with significant untapped potential.
Agriculture: Revival of rubber production and local agro-processing initiatives.
Infrastructure & Logistics: Expansion of port and road networks to support regional trade.
Energy: Hydropower and solar projects underway to meet growing demand.
Financial & ICT Services: Rapid rise in digital services and financial inclusion.

Business Environment and Regulation

Liberia has simplified business registration and modernized its tax system. Although administrative hurdles remain, the business environment is improving thanks to reforms supported by the World Bank and IMF. The government promotes partnerships with foreign investors under enhanced governance and compliance frameworks.

Common Inner Image

Risks and
Challenges

Underdeveloped infrastructure
reliance on external aid
Institutional weaknesses
Corruption risks
unstable energy supply

Atlas Development Insights

Atlas Development supports companies entering the Liberian market through a trusted local network that delivers pragmatic due diligence, partner identification, and business development solutions. Backed by our West Africa Anglophone Team, we help clients secure market access, anticipate regulatory risks, and establish lasting relationships with both public and private stakeholders.