Strong Business Climate
Liberia has strong underlying fundamentals
Politically Stable Country
Liberia has been a politically stable country for over two decades with three successive free & fair elections. It also ranks highly among African countries in the Global Peace Index.
Youthful Labour Force
Liberia’s labour force is both youthful with the median age being just 19.4 years and extremely cost competitive at $5.50/day for formal sector and $3.50/day for domestic/casual workers.
Investor Friendly Government Policies
The Liberian government has introduced several measures to benefit investors such as no restrictions on the repatriation of profits, transparent tax code, tax emption for key industries including agriculture.
Dual Currency regime with US Dollar
Liberia has a dual currency regime wherein both the Liberian dollar and the US dollar is used interchangeably as the latter has legal tender in Liberia.
FDI inflows since 2010
Source: Wavteq based on World Bank, Knoema and the Decent work Act of 2015