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Capital and Currency of Liberia

capital of liberia

Capital City of Liberia

According to Wikipedia, Liberia began in the early 19th century as a project of the American Colonization Society (ACS), which believed that black people would face better chances for freedom and prosperity in Africa than in the United States and the capital and largest city is of Liberia id Monrovia.

capital currency of liberia

Currency and Economy of Liberia

In Liberia, the Liberian dollar, or LRD is the primary currency. Based on the data, Liberia is one of the poorest countries in the world with a formal employment rate of 15%, and GDP per capita peaked in 1980 at US$496. According to 2011 data, the country's nominal GDP was US$1.154 billion, while nominal GDP per capita stood at US$297, the third-lowest in the world which is growing.

In 2023 the country's economy has grown significantly, as of the 2023 data, Liberia country's nominal GDP was US$4.347 billion, while nominal GDP per capita stood at US$800. As we know, if the country's economy increases then the average salary of the country is also will increase, and now some high-paying jobs are available in Liberia and Liberian people love to work.

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