Strong Business Climate

growth iconAverage GDP growth of 4.89% between 2010 and 2019.1

hand and money iconAn Average of 5 procedures required to set up a business in Liberia.2

ag iconLow common indirect Tax rate of 7%.3

money iconCost to set up a business in 2018: $33USD.4

currency iconDual currency system meaning the Liberian Dollar and the United States Dollar are used interchangeably with rates determined by the market.

diamond iconThe Kimberly Process is being implemented in Liberia to ensure that minerals extracted and exported comply with international standards. Liberia is also a member of the Extractive Industries Transparency International (EITI)

1: World Bank Group, data bank, 2019 – link
2: World Bank Group, ease of doing business scores, 2020 – link
3: fDi Intelligence based on Deloitte: Tax Solutions and, 2021 – link
4: fDi Intelligence from the Financial Times based on World Bank Doing Business, 2019 – link

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