Liberia is richly endowed with water, mineral resources, forests and a climate favourable to agriculture. It is attempting to revive raw timber extraction and is encouraging oil exploration. The country achieved high growth during 2010-13 due to favourable world prices for its commodities. However, the 2014 Ebola epidemic forced the government to divert scarce resources to combat the spread of the virus, reducing funds available for needed public investment. Revitalising the economy in the future will depend on increasing investment and trade, higher global commodity prices, sustained foreign aid and remittances, development of infrastructure and institutions, and maintaining political stability and security.
Name Republic of Liberia
Capital Monrovia
Frequency of elections Every six years
Name of parliament Legislature of Liberia
Parliament website www.liberianlegislature.org
Languages English, ethnic languages
Area 111 369 km2
Population 4 092 310 (July 2014 est)
Imports Fuels, chemicals, machinery, transportation equipment, manufactured goods, foodstuffs
Exports Rubber, timber, iron, diamonds, cocoa, coffee
Currency Liberian dollar
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