Skilled and Cost-Effective Labour

Growing Skilled Workforce

• 2.81% growth in the working-age population in 2019
  Source: United Nations, World Population Prospects, 2019

• Approximately 390,000 students in tertiary education in 2018
  Source: UNESCO Institute for Statistics, 2018

• Employment in Industry (including manufacturing) contributes 8.8% of total employment
  Source: fDi Intelligence, Financial Times, based on ILO, 2020

• The Youth Opportunities Project enrolled 12,920 youth, with 50% female participation
  Source: World Bank Group, Country Overview, 2020

Availability of Low-Cost Labour

Annual salaries for professions in the Minerals sector (USD, 2019):

Source: fDi Benchmark, fDi Intelligence, Financial Times Limited

Innovation and Skills Development

Startup Ecosystem

Startup Grind, Liberia’s largest independent startup community, has 785 members in Monrovia
Source: Startup Grind, Liberia, 2020

Youth Rising – TVET Training

The Youth Rising Project trains TVET instructors, administrators, and principals to deliver vocational education to Liberian youth
Source: EEAS, Training Liberia’s Skills Trainers, 2021

Vocational Training – ArcelorMittal

ArcelorMittal opened the Vocational Training Centre (VTC) in Yekepa with a USD $7 million investment, providing globally certified apprenticeships for industry roles.

Liberia Growth Accelerator

Launched in September 2021 as a partnership between:

• UNDP
• iCampus Liberia
• Accountability Lab

Objective: Support growth of Liberian businesses and accelerate establishment of new enterprises
Source: World Bank Group, Country Competitiveness Reports, 2018

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