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Country Profile: Liberia
Fact FileCapitalMonroviaOther CitiesBomi, Bong, Gbarpolu, Grand Bassa, Lofa, Margibi, NimbaOfficial languageEnglishAreaTotal 111,369 km2Population(2009est) 3,489,000CurrencyLiberian Dollar |
Overview
Liberia, officially the Republic of Liberia, is a country on the west coast of Africa, bordered by Sierra Leone, Guinea, Côte d'Ivoire, and the Atlantic Ocean. Liberia has a hot equatorial climate with most rainfall arriving in summer with harsh winds in the dry season. The climate has been made even more extreme by the changes of global temperatures due to global warming.
Business Development
The nation of Liberia depends heavily on iron ore and rubber exports, foreign direct investment, and exports of other natural resources, such as timber. Agricultural products include livestock, including goats and pigs, as well as rice, the staple food. They are looking to expand their agricultural industry, particularly their fishing and mining industries as well.
Trade and Industry
Trade has become an integral part of the Liberian economy as well, in recent years the GDP and per capita income of the nation has grown to staggering new levels and the nation hopes this trend will continue in the future. This success has partly been attributed to government created economic reform policies, as well as direct foreign investment.
Energy
Nearly all of the energy and electricity required by Liberia is produced by hydroelectric dams, as well as oil-fired plants. This makes Liberia an energy independent nation, which is very rare in today's world. Furthermore, this has prompted Liberia to research other forms of renewable resources, such as wind and solar.
Cultural Background
The nation of Liberia is noted for its hospitality, academic institutions, cultural skills, and arts/craft works. Liberia has a long, rich history in textile arts and quilting. The nation is also known for its extensive decorative quilt work, producing some of the most famous quilt and quilters in our time. Global companies
such as Singer also have subsidiaries located in Liberia, a testament to their unique culture and quality products.
Educational Developments
Liberia is know for the amount of emphasis it places on education as well as higher learning at the University level. Liberia can boast that is has one of the highest literacy rates in Africa and some of the oldest Universities in the world. The University of Liberia is the country's largest college and is located in Monrovia. Opened in 1862, it is one of Africa's oldest institutes of higher learning.
Future Outlook
In the future, Liberia will look to expand its economy and its various industries, such as agriculture, mining, tourism and energy production. The nation of Liberia has already become an African leader in energy production and would like to continue this trend by developing cleaner, renewable forms of energy, such as wind and solar.
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