Strong Business Climate
Economic Growth
Average GDP growth of 4.89% (2010–2019)
Source: World Bank Group, Data Bank, 2019
Ease of Doing Business
Only 5 procedures 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 & 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
Dual Currency System
Liberia uses a dual currency system where the Liberian Dollar (LRD) and the United States Dollar (USD) are used interchangeably, with rates determined by the market.
Mineral Compliance & Transparency
- Liberia implements the Kimberly Process to ensure minerals extracted and exported meet international standards
- Liberia is a member of the Extractive Industries Transparency Initiative (EITI)