In-depth country-focused analysis on Liberia's economic, political and operational risk environment, complemented by detailed sector insight


Our comprehensive assessment of Liberia's operating environment and the outlook for its leading sectors are formed by bringing together a wealth of data on global markets that affect Liberia, as well as the latest industry developments that could impact Liberia's industries. This unique integrated approach has given us an impeccable track-record for predicting important shifts in the markets, ensuring you’re aware of the latest market opportunities and risks in Liberia before your competitors.

Country Risk

Liberia Country Risk

BMI View:

Core Views:

  • Real GDP growth in Liberia will come in at 2.3% in 2016, on the back of the post-Ebola recovery, infrastructure investment and some limited growth in iron ore production.

  • The slump in the iron ore price will significantly weigh on growth, pushing back investment plans and reducing exports.

  • Political stability continues to improve as the country recovers from its civil war, although the drawdown of UN forces will test the authorities' capabilities as 2017 elections approach.

Key Risks:

  • A salient risk to our outlook for the Liberian economy stems from the Ebola disease. Although there are no known cases in Liberia at the time of writing, it has come back previously after the country was previously declared 'Ebola free' by the WHO.


Liberia Industry Coverage (2)


Liberia Mining

BMI View:

BMI View: West Africa's growth outlook will weaken on the back of continued mineral price weakness, inadequate infrastructure and the aftermath of the Ebola outbreak over the coming quarters. The region's long-term growth outlook remains promising due to countries' vast untapped mineral reserves, positive foreign investment outlook and infrastructure developments.

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Liberia Telecommunications

BMI View:

BMI View: Liberia has a mobile penetration rate of just 56.4% at the end of 2014, thus ranking 35 out of the 48 Sub-Saharan markets for mobile penetration rates. We forecast slow growth in 2015 and 2016 after the effects of the Ebola crisis. Consumer spending on mobile devices dropped during 2014 due to travel restrictions and the negative shocks on the economy. The market does contain growth potential, but we believe growth will be slower as operators seek to recover investments after lower income in 2014 and 2015. Long-term demand for broadband services offers the potential for mobile operators to capitalise on their investments into next generation mobile infrastructure, leaving wireline services underdeveloped.

Key Data

Mobile market growth was revised down as the long-term effects of the Ebola crisis reduced growth...

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