Liberia’s economy relies on agriculture, mining, and forestry, with limited industrialization. Market competition is weak due to infrastructure deficits, political instability, and a large informal sector. Public policies focus on poverty reduction and infrastructure rebuilding, but corruption undermines progress. Regulatory systems are nascent and hinder private investment. Liberian society is youthful and rural, with significant development needs. Education access is expanding, but quality and resources remain inadequate. Healthcare infrastructure is fragile, with poor access to essential services. Climate risks, including deforestation and flooding, threaten livelihoods, requiring urgent action. Liberia’s growth potential depends on governance reforms and investment in human capital.