Bomi County — Economic Profile
On-demand county report for Bomi, generated by garmaijohnson75@gmail.com on 2026-08-07.
County Overview
- Capital: Tubmanburg
- Region: North-West
- Year: 2,024
- Population: 133,668
- Land Area (km²): 1,940
- GDP Contribution (USD M): 70.5
- GDP Share %: 1.5
- Growth Rate %: 4.6
- Gov Allocation (USD): 360,000
- Main Resources: Iron ore, diamonds, rubber
Key Industries
- Iron ore mining
- Diamond mining
- Agriculture
Agricultural Products
- Rubber
- Cassava
- Rice
- Palm oil
National Trade Context
- Year: 2,026
- Total Exports (USD): 199.97
- Total Imports (USD): 261.94
- Trade Balance (USD): -61.97
- FDI Inflows (USD): 0
- Remittances (USD): 84.78
- Top Export Commodity: Rubber
- Top Import Commodity: Fuel
- Top Trading Partners: United States, Canada, Switzerland
Private Sector Context (National)
- Year: 2,024
- Total GDP Contribution (USD M): 545.5
- Total Employment: 29,270
- ArcelorMittal Liberia: 480,000,000 USD revenue · 3,200 employees · mining
- Firestone Natural Rubber: 185,000,000 USD revenue · 6,800 employees · agriculture
- BRAC Liberia: 12,000,000 USD revenue · 450 employees · social services
- Save the Children Liberia: 8,500,000 USD revenue · 320 employees · health & education
- SME Sector Aggregate: 95,000,000 USD revenue · 18,500 employees · mixed (trade, services, manufacturing)
Economic Analysis & Outlook
Bomi County serves as a pivotal node in Liberia's northwestern regional economy, anchored by a 4.6 percent growth rate that highlights its resilience and potential. With a population of 133,668 and a GDP contribution of 70.5 million USD, the county leverages its rich geological and agricultural assets to drive development. Mining remains a cornerstone of the regional economy, specifically through iron ore and diamond extraction, which complement a diverse agricultural output consisting of rubber, cassava, rice, and palm oil. While the county operates within a broader national trade context characterized by a deficit, its strategic focus on extractive industries provides a stable foundation for local economic activity, though it currently relies heavily on state allocations of 360,000 USD to supplement regional governance. Future economic expansion in Bomi faces both clear opportunities and distinct systemic risks. The primary investment potential lies in modernizing agricultural processing to move beyond raw commodity exports, particularly in palm oil and cassava, which could significantly boost local value chains. However, the absence of Foreign Direct Investment currently limits the capital infusion necessary for large-scale infrastructure upgrades, leaving the county vulnerable to commodity price fluctuations in the mining sector. Looking ahead, if Bomi can improve its value-added production and attract external investment, it is well-positioned to improve its economic standing. Strengthening local infrastructure will be critical for regional trade, potentially narrowing the current trade deficit and fostering a more sustainable, diversified economy centered on its capital, Tubmanburg.
Primary sources
- CBL
- — Central Bank of Liberia: Annual Report and Monthly Economic Review: monetary policy, exchange rates, banking soundness, balance of payments
- MFDP
- — Ministry of Finance and Development Planning: National Budget, budget execution reports, public debt and fiscal transfers
- LISGIS
- — Liberia Institute of Statistics and Geo-Information Services: 2022 Population and Housing Census, consumer price index, external trade and household surveys
- LRA
- — Liberia Revenue Authority: Annual Report: tax and non-tax collections, taxpayer register, filing and payment compliance
- IMF
- — International Monetary Fund: Article IV consultation reports, World Economic Outlook and fiscal/debt analysis
- World Bank
- — World Bank Group: World Development Indicators, Liberia Economic Update, debt and poverty statistics
- UNDP
- — United Nations Development Programme: Human Development Report and its index components
- WHO
- — World Health Organization: Global Health Observatory: mortality, immunization and health-system estimates
Each figure above is attributed to the publishing institution and its reporting period. Derived and AI-generated forecasts are labelled separately from published data.