Liberia Country Economic Memorandum: Escaping the Natural Resource Trap - Pathways to Sustainable Growth and Economic Diversification in Liberia

Publication:
Liberia Country Economic Memorandum: Escaping the Natural Resource Trap - Pathways to Sustainable Growth and Economic Diversification in Liberia

dc.contributor.author	World Bank
dc.date.accessioned	2025-03-10T14:23:42Z
dc.date.available	2025-03-10T14:23:42Z
dc.date.issued	2025-03-10
dc.description.abstract	Liberia is one of the poorest countries, ranking 180th out of the 190 countries in the World Bank’s development database. Based on the national poverty line, 59 percent of Liberians were poor in 2016, the latest year for which household survey data is available. According to World Bank estimations, about 6 out of 10 Liberians continue to live in poverty. Broader welfare measures tell a similar story: Liberia ranked 177th out of 193 countries on the UN Human Development Index and the UN Gender Inequality Index in 2022. Low human development is exemplified by Liberia’s score of 0.32 on the World Bank’s measure of human capital, suggesting that a newborn child will only reach 32 percent of their potential productivity as an adult under current conditions of healthcare and education. Poverty is more prevalent in rural areas, and its incidence increases with distance from the capital, Monrovia, highlighting Liberia’s severe spatial challenges. Rapid population growth, deforestation, and the accelerating impacts of climate change are degrading the country’s abundant natural capital, a dynamic which, in turn, is increasingly tied to the persistence of poverty. Pervasive food insecurity contributes to the high rate of child stunting and to malnutrition more generally. Inadequate sanitation heightens the risk of communicable disease.	en
dc.identifier	http://documents.worldbank.org/curated/en/099030725074063020
dc.identifier.doi	10.1596/42926
dc.identifier.doi	https://doi.org/10.1596/42926
dc.identifier.uri	https://hdl.handle.net/10986/42926
dc.language	English
dc.language.iso	en_US
dc.publisher	Washington, DC: World Bank
dc.rights	CC BY-NC 3.0 IGO
dc.rights.holder	World Bank
dc.rights.uri	https://creativecommons.org/licenses/by-nc/3.0/igo
dc.subject	NO POVERTY
dc.subject	GENDER EQUALITY
dc.subject	CLIMATE ACTION
dc.subject	HUMAN DEVELOPMENT INDEX
dc.subject	GENDER INEQUALITY INDEX
dc.title	Liberia Country Economic Memorandum	en
dc.title.subtitle	Escaping the Natural Resource Trap - Pathways to Sustainable Growth and Economic Diversification in Liberia	en
dc.type	Report
dspace.entity.type	Publication
okr.date.disclosure	2025-03-10
okr.date.doiregistration	2025-04-14T11:51:28.097823Z
okr.date.lastmodified	2025-03-10T13:05:23Z	en
okr.doctype	Country Economic Memorandum
okr.doctype	Economic & Sector Work
okr.docurl	http://documents.worldbank.org/curated/en/099030725074063020
okr.guid	099030725074063020
okr.identifier.docmid	P179202-781e2660-5d8a-48b9-8a52-1118c2384c89
okr.identifier.externaldocumentum	34463782
okr.identifier.internaldocumentum	34463782
okr.identifier.report	197709
okr.import.id	6820
okr.imported	true	en
okr.language.supported	en
okr.pdfurl	https://documents.worldbank.org/curated/en/099030725074063020/pdf/P179202-781e2660-5d8a-48b9-8a52-1118c2384c89.pdf	en
okr.region.administrative	Africa Western and Central (AFW)
okr.region.country	Liberia
okr.sector	FY17 - Central Government (Central Agencies)
okr.sector	FY17 - Public Administration
okr.theme	FY17 - Macroeconomic & Structural Policy Modelling,FY17 - Inclusive Growth,FY17 - Regional Integration,FY17 - Structural Transformation and Economic Diversification,FY17 - Economic Growth and Planning,FY17 - Jobs,FY17 - Adaptation,FY17 - Job Creation,FY17 - Climate change
okr.theme	FY17 - Environment and Natural Resource Management,FY17 - Private Sector Development,FY17 - Economic Policy
okr.topic	Agriculture::Food Security
okr.topic	Gender::Gender and Social Development
okr.topic	Poverty Reduction::Poverty Assessment
okr.topic	Environment::Climate Change Impacts
okr.unit	EFI-AFR2-MTI-MacroFiscal-2 (EAWM2)