Strong Business Climate

Dual Currency System

Liberia operates a dual currency system, where the Liberian Dollar (LRD) and the United States Dollar (USD) are used interchangeably. Exchange rates are determined by the market.

Economic Growth

Average GDP growth: 4.89% (2010–2019)

Source: World Bank Group, Data Bank, 2019

Ease of Doing Business

Only 5 procedures are required to set up a business in Liberia.

Source: World Bank Group, Ease of Doing Business Scores, 2020

Tax Rate

Low common indirect tax rate: 7%

Source: fDi Intelligence based on Deloitte: Tax Solutions and GSL.org, 2021

Cost of Business Setup

Cost to set up a business in 2018: USD $33

Source: fDi Intelligence, Financial Times, based on World Bank Doing Business, 2019