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. Currency exchange rates are determined by market forces.
Economic Growth
Average GDP growth of 4.89% between 2010 and 2019.
Ease of Doing Business
Only 5 procedures required to set up a business in Liberia.
Low Indirect Tax Rate
A 7% common indirect tax rate — one of the lowest in the region.
Low Cost of Business Setup
In 2018, the cost to set up a business was USD $33.
Foreign Direct Investment
USD $5.1 billion in FDI inflows since 2010.
Trade Efficiency
Average cost of USD $1,300 per container, significantly lower than the Sub-Saharan Africa average of USD $2,200.
1. World Bank Group, Data Bank, 2019
2. World Bank Group, Ease of Doing Business Score, 2020
3. fDi Intelligence based on Deloitte: Tax Solutions & GSL.org, 2021
4. fDi Intelligence (Financial Times) based on World Bank Doing Business, 2019