Facts and Figures


 Liberia Sectoral Origin of GDP at Current Prices (US$ million)

  
           

Sector

2001

2002

2003

2004

2005

Agriculture

240.8

275.3

236.2

267.5

298.5

Rubber

54

59.12

43.9

71

89.6

Coffee

0.1

0.2

0

n/a

0.1

Cocoa

1

0.4

0.9

3

3.8

Rice

66.8

73.3

53.6

85

85.7

Cassava

39.6

48.3

49.9

32.3

33.3

Others

79.3

93.3

87.9

84.3

86

Forestry, Hunting, Gathering

152.3

154.2

95

101.5

105.8

& Fishing

          

Logs & Timber

108

106.7

59.7

61.1

64

Charcoal & wood

39.2

40.7

31.2

34.4

35.5

Mining & Quarrying

8.5

0.3

0.3

0.3

0.3

Iron Ore

n/a

n/a

n/a

n/a

n/a

Gold

0.3

0.3

0.3

0.3

0.3

Diamond

0.1

n/a

n/a

n/a

n/a

Manufacturing

24.8

26.5

15.2

26

32.9

Cement

9.3

9.9

5.7

15

20.7

Beverages

15.5

16.5

9.5

11

12.2

Others

          

Tertiary

106.6

107.6

88.7

126.1

143.2

Transport & Telecommunication

28.4

30.1

28.1

33.2

39

Trade, hotels, etc

20.1

21.4

20.7

22.9

29.2

Construction

9

11

8.4

17

18.8

Financial institutions

15.4

11.6

9

11

13.4

Energy (water, electricity, etc.)

2

2.1

2

3.9

4.5

Government services

19.8

21.2

13

24.4

24.3

Other services

11.9

12.3

7.5

13.7

14

Discrepancy

3

3.2

2.8

2.9

3.1

GDP at current prices

521.9

560.7

432.6

493.5

543.4

Per Capita

200.7

207.7

153

170.1

181.1

Real GDP % change

4.8

7.8

-23.5

14.6

10.1

Population (projected)

2.6

2.7

2.8

2.9

3

Source: Ministry of Planning & Economic Affairs

        

 Mineral Export – Diamond and Gold 

Year

Diamond wt. In carats

Diamond appraised value (USD)

Gold

Wt in ounces

Gold appraised in value (USD)

1998

7,919.33

362,888.47

2,316.81

334,058.46

1999

8,436.93

937,535.14

549.27

104,933.26

2000

24,065.34

975,021.38

917.88

161,555.77

2001

3,885

63,051.27

1,547.73

274,409.53

2002 (Jan-June)

-

-

528.30

115,788.23

2003/2004

-

-

2,116.10

566,475.46

2004 (Jan-Dec)

-

-

3,553.71

52,666.04

2005 (Jan – Sept)

-

-

501.73

181,351.82

Total

44,306.60

2,338,496.1

12,031.51

1,791,238.50

Source:  Ministry of Lands, Mines and Energy 

Employment (Private and Public Sectors) 

Industry

1998

1999

2000

2001*

2002

Agriculture/Forestry/Fishery

10,000

10,900

11,700

20,200

17,095

Banking/Insurance

700

812

900

5,200

4,865

Business Services

N/a

N/a

N/a

2,800

2,441

Community/Social Services

8,000

9,130

13,000

9,900

8,340

Manufacturing

900

970

1,070

3,000

2,775

Whole/Retail Trade

47,000

48,000

49,000

7,507

7,056

Transport/communication

200

900

1,300

2,600

2,265

Mining/quarrying Industry

1,000

1,000

1,020

1,900

1,442

Construction Industry

N/a

N/a

N/a

2,007

1,734

NGOs, INGOs & PVOs

N/a

N/a

N/a

5,720

4,291

Government

48,000

50,000

57,000

60,000

64,200

State Enterprises

N/a

N/a

N/a

5,007

5,358

Informal Sector (Petty Trading)/Self Employed

270,000

290,000

300,000

336,000

420,000

Total

385,800

411,712

434,990

461,841

541,862

Source: Ministry of Labour; (*2001 figure revised) 

Government of Liberia National Revenue (Actual) (US$ million) 

Code

Category

Actual Revenue Feb-June 2004

*% Share Feb-June 2004

Estimates July 04 – June 05

*% Share

July 04-June 05

3

Total Revenue

29,157,957

  

80,000,000

  

30

Tax Revenue

26,142,174

  

76,410,000

  

300

Tax on Income & Profit

6,341,841

21.7

17,280,000

21.6

3000

3001

3002

3002/01

Indirect tax on income & profit

Cooperate tax

Tax on unallocable income & profit

Gross on income tax

4,632,662

1,449,140

225,249

34,690

  

7,000,000

8,500,000

1,600,000

180,000

  

301

Property Tax

205,717

0.7

800,000

1.0

3010

Tax on immovable property

205,717

  

800,000

  

302

Domestic Tax on goods/services

7,126,872

24.4

24,980,000

31.2

3020

3021

3023

3024

3025

3026

3027

Goods & Services Tax

Excise Taxes

Taxes on specific services

Business & profit licenses

Maritime

Motor vehicle taxes

Stampage & related charges

231,574

89,653

743,912

5,543,804

453,250

64,679

  

1,330,000

1,000,000

1,450,000

1,000,000

19,200,000

1,000,000

-

  

303

Taxes on International Trade

12,467,744

42.8

33,350,000

41.7

3030

3031

3032

3,336

Customs duties on all imports

Customs surtax on imports

Customs duties on all exports

Transshipment & Other customs

11,711,273

667,941

88,530

-

  

21,000,000

11,000,000

750,000

600,00

  

304

Other taxes not elsewhere classified

-

  

-

  

3,040

31

Other taxes on elsewhere

Non tax revenue

-

-

  

-

-

  

310

Entrepreneur & property income of government

-

  

-

  

3,100

Taxes from ent. & pub. institution

-

  

-

  

311

Fees & Charges

2,015,396

6.9

3,590,000

4.5

3,110

3,111

Courts fines & clearances

Adm. Ser. Charges (muse group)

387

2,015,396

  

-

3,590,000

  

332

Grants

1,000,000

3.4

-

  

Source: Bureau of the Budget 

Actual Expenditure (US$ million) 

Code

Category

Revised estimates

Feb - June 2004

% Share Feb-June 2004

Estimate 2004/2005

% Share

2004/2005

11

Personnel Expenditure

9,484,402

40.4

23,719,478

29.6

13

Goods & Services

5,173,005

22.0

19,339,099

24.2

16

Transfers & Subsidies

4,888,782

20.8

15,014,796

18.8

25

Capital Expenditure

3,153,811

13.4

11,076,627

13.8

71

Domestic Debts

800,000

3.4

9,850,000

12.3

72

External Debts

-

-

1,000,000

1.3
 

Total

23,500,000

100.0

80,000,000

100.0

  Currency in Circulation (LD$ million) 

End of Period

Currency in banks

Currency outside banks

Currency in circulation

(1)

(2)

(3)

1st Qtr, 2004

152.3

1,317.3

1,469.6

2nd Qtr, 2004

158.3

1,390.4

1,548.7

3rd Qtr, 2004

167.4

1,431.9

1,599.2

4th Qtr, 2004

153.6

1,754.9

1,908.5

Sub-total 2004

631.6

5,894.5

6,526.0

1st Qtr, 2005

219.0

1,647.2

1,866.2

Sub-total (1st Qtr, 05)

219.0

1,647.2

1,866.2

Total

850.6

7,541.7

8,392.2

 Trend in Money Supply (LD$ million)  

Timeframe

Current outside banks (1)

Demand

Deposits (2)

MS/M1 (1+2) = 3

Savings

Deposits (4)

Time

Deposits (5)

Quasi-Money (6)

Broad Money (3+4)=5(M2)

3rd Qtr 2004

1,431.4

1,787.2

3,218.6

879.5

20.0

899.5

4,118.5

4th Qtr 2004

1,754.9

1,971.9

3,726.8

956.0

4.2

960.3

4,687.1

1st Qtr 2005

1,647.2

2,230.8

3,878.1

1,025.8

5.1

1,030.9

4,908.9

Source: Central Bank of Liberia 

Commercial Banks’ Loans by Economic Sector (LD$ Thousands) 

Sector

July 04

  

% Share 04

Sept 04

% Share 04

Dec 04

% Share 04

March 05

% share 05

Agriculture

177,929

  

7.3

189,996

7.0

197,425

8.0

205,142

7.6

Mining & Quarrying

0

  

0

0

0

0

0

0

0

Manufacturing

2,869

  

0.1

5,268

0.2

16,906

0.7

8,751

0.3

Construction

62,996

  

2.6

60,752

2.3

58,015

2.3

61,444

2.3

Trans., Storage

25,615

  

1.1

  

1.2

45,745

1.8

74,838

2.8

& Communication

      

33,668

          

Trade, Hotel

     

503,684

18.7

474,497

19.1

504,823

18.6

& Restaurant

383,068

  

15.8

            

Others

1,778,702

  

73.2

1,903,573

70.6

1,686,562

68.0

1,859,246

68.5

Total

2,431,179

  

100

2,696,941

100

2,479,150

100

  

100

Source: Central Bank of Liberia, Liberia Financial Statistics 2003/2004

 Trend in Commercial Banks Lending Rate 

Category

2004

2005

1st Qtr.        2nd Qtr.     3rd Qtr.       4th Qtr.

1st Qtr.

Average Lending Rate

16.70

17.68