| variable | 1998-1999 | 2000-2007 | 2008-2009 | 2010-2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|---|
| CPI % | 3.64 | 10.69 | 7.36 | 12.92 | 7.82 | 7.59 | 10.09 | 8.21 | 8.17 |
| Debt/GDP % | 468.08 | 451.73 | 78.78 | 31.75 | 53.28 | 54.31 | 58.81 | 56.47 | 56.5 |
| Current account balance/GDP % | -12.24 | -8.68 | -6.04 | -19.76 | -17.77 | -19.01 | -26.28 | -21.07 | -18.21 |
| real gdp growth | - | 1.97 | 5.77 | 2.23 | 5.01 | 4.81 | 4.59 | 4.82 | 5.33 |
Data derived from World Economic Outlook Database. To see main macroeconomic indicator in graphs click here
With 28 ethnic groups and languages, Liberia is one of the most ethnically diverse countries in the world. For hundreds of years, the Mali and Songhai Empires claimed most of Liberia. Beginning in the 15th century, European traders began establishing outposts along the Liberian coast. Unlike its neighbors, however, Liberia did not fall under European colonial rule. In the early 19th century, the US began sending freed enslaved people and other people of color to Liberia to establish settlements. In 1847, these settlers declared independence from the US, writing their own constitution and establishing Africa’s first republic. Early in Liberia’s history, tensions arose between the Americo-Liberian settlers and the indigenous population. In 1980, Samuel DOE, who was from the indigenous population, led a military coup and ushered in a decade of authoritarian rule. In 1989, Charles TAYLOR launched a rebellion that led to a prolonged civil war in which DOE was killed. A period of relative peace in 1997 permitted an election that brought TAYLOR to power. In 2000, fighting resumed. A 2003 peace agreement ended the war and prompted TAYLOR’s resignation. He was later convicted by the UN-backed Special Court for Sierra Leone in The Hague for his involvement in Sierra Leone's civil war. In 2005, Ellen JOHNSON SIRLEAF became president after two years of transitional governments; she was the first female head of state in Africa. In 2011, JOHNSON SIRLEAF won reelection but struggled to rebuild Liberia's economy -- particularly after the 2014-15 Ebola epidemic -- and to reconcile a nation still recovering from 14 years of fighting. In 2017, former soccer star George WEAH won the presidential runoff election, marking the first successful transfer of power from one democratically elected government to another since the end of Liberia’s civil wars. Like his predecessor, WEAH struggled to improve the country’s economy. In 2023, former Vice President Joseph BOAKAI was elected president, edging out WEAH by a thin margin, the first time since 1927 that an incumbent was not re-elected after one term.
Area: 111,369 km2
Climate: tropical; hot, humid; dry winters with hot days and cool to cold nights; wet, cloudy summers with frequent heavy showers
Natural resources: iron ore, timber, diamonds, gold, hydropower
Groups: Kpelle 20.2%, Bassa 13.6%, Grebo 9.9%, Gio 7.9%, Mano 7.2%, Kru 5.5%, Lorma 4.8%, Krahn 4.5%, Kissi, 4.3%, Mandingo 4.2%, Vai 3.8%, Gola 3.8%, Gbandi 2.9%, Mende 1.7%, Sapo 1%, Belle 0.7%, Dey 0.3%, other Liberian ethnic group 0.4%, other African 3%, non-African 0.2% (2022 est.)
Languages: English 20% (official) and 27 indigenous languages, including Liberian English variants
Religions: Christian 84.9%, Muslim 12%, Traditional 0.5%, other 0.1%, none 2.6% (2022 est.)
Capital: Monrovia
Government type: presidential republic
Chief of state: President Joseph BOAKAI (since 22 January 2024)
Head of government: President Joseph BOAKAI (since 22 January 2024)cabinet: Cabinet appointed by the president, confirmed by the Senateelection/appointment process: president directly elected by absolute-majority popular vote in 2 rounds, if needed, for a 6-year term (eligible for a second term)most recent election date: 10 October 2023, with a runoff on 14 November 2023election results: 2023: Joseph BOAKAI elected president in second round; percent of vote in first round - George WEAH (CDC) 43.8%, Joseph BOAKAI (UP) 43.4%, Edward APPLETON (GDM) 2.2%, Lusinee KAMARA (ALCOP) 2%, Alexander B. CUMMINGS, Jr. (CPP) 1.6%, Tiawan Saye GONGLOE (LPP) 1.4%, other 5.6%; percentage of vote in second round - Joseph BOAKAI 50.6%, George WEAH 49.4%2017: George WEAH elected president in second round; percent of vote in first round - George WEAH (Coalition for Democratic Change) 38.4%, Joseph BOAKAI (UP) 28.8%, Charles BRUMSKINE (LP) 9.6%, Prince JOHNSON (MDR) 8.2%, Alexander B. CUMMINGS (ANC) 7.2%, other 7.8%; percentage of vote in second round - George WEAH 61.5%, Joseph BOAKAI 38.5%expected date of next election: October 2029note: the president is both chief of state and head of government
Description: legislature name: Legislaturelegislative structure: bicameral
Information derived by "The World Factbook 2021. Washington, DC: Central Intelligence Agency, 2021. https://www.cia.gov/the-world-factbook/"