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  1. $Title{Table 10.: Balance of Payments, 1975-81 (in millions of dollars)}
  2.  
  3. _____________________________________________________________________________________________________
  4.                                     1975      1976      1977      1978      1979      1980      1981
  5. _____________________________________________________________________________________________________
  6.  
  7. Merchandise trade
  8.   Exports (f.o.b.) ............     394.4     457.1     447.4     486.4     536.6     600.4     529.2
  9.   Imports (c.i.f.) ............    -331.2    -399.2    -463.5    -480.8    -506.5    -533.9    -477.4
  10.                                    ______    ______    ______    ______     _____    ______    ______
  11.     Net merchandise trade .....      63.2      57.9     -16.1       5.6      30.1      66.5      51.8
  12.  
  13. Nonfactor services
  14.   Credits .....................       9.3      10.0      11.6      13.6      17.0      13.1      11.5
  15.   Debits ......................     -40.7     -47.0     -58.4     -67.8     -80.9     -80.1     -71.6
  16.                                     _____     _____     _____     _____     _____     _____     _____
  17.     Net nonfactor services ....     -31.4     -37.0     -46.8     -54.2     -63.9     -67.0     -60.1
  18.  
  19.     Balance of goods and
  20.         nonfactor services ....      31.8      20.9     -62.9     -48.6      33.8      -0.5      -8.3
  21.  
  22. Factor income
  23.   Government interest
  24.     payments ..................      -5.1      -5.8      -7.3     -13.2     -22.3     -22.3     -22.6
  25.   Remittances .................     -24.5     -25.0     -27.5     -32.4     -35.0     -32.0     -33.0
  26.   Factor payments .............    -122.7     -84.8     -69.4     -93.5     -79.1     -82.3     -58.6
  27.   IMF charges .................       0.0       0.0       0.0       0.0       0.0      -3.0     -10.0
  28.                                       ___       ___       ___       ___       ___      ____     _____
  29.     Net factor income .........    -152.3    -115.6    -104.2    -139.1    -136.4    -139.6    -124.2
  30.  
  31. Transfers
  32.   Grants to public sector .....      11.3      16.0      14.0      16.0      23.0      25.0      48.0
  33.   Grants to private sector ....       2.8       2.6       0.0       0.0       0.0       0.0       0.0
  34.   Maritime revenues ...........      16.5      16.3      12.8      13.6      11.7      10.7      20.1
  35.                                      ____      ____      ____      ____      ____      ____      ____
  36.     Net transfers .............      30.6      34.9      26.8      29.6      34.7      35.7      68.1
  37.  
  38. Current account balance .......     -89.9     -59.8    -140.3    -158.2    -135.5    -104.4     -65.4
  39.  
  40. Capital movements
  41.   Government borrowing ........      35.3      44.2      72.6      86.2     147.6      68.6      69.7
  42.   Government loan repayment ...     -26.7     -15.6     -19.1     -13.3     -50.2     -15.3     -10.7
  43.   Net direct foreign
  44.     investment ................      78.7      60.1      83.5      62.6      -9.9     -10.7     -42.9
  45.                                      ____      ____      ____      ____      ____     _____     _____
  46.       Net capital movements ...      87.3      88.7     137.0     135.5      87.5      42.6      16.1
  47.  
  48. Change in reserves ............      -2.6      28.9      -3.0     -22.7     -48.0     -61.8     -49.3
  49.  
  50. Year-end level of reserves
  51.   National Bank of Liberia ....      13.9      13.5      26.4      13.1     -12.4     -71.9    -109.8
  52.   Commercial banks ............      -8.5      20.8       4.9      -4.5     -27.0     -29.3     -40.7
  53.     Net year-end level               ____      ____      ____      ____     _____     _____     _____
  54.       of reserves .............       5.4      34.3      31.3       8.6     -39.4    -101.2    -150.5
  55. _____________________________________________________________________________________________________
  56.  
  57. Source: Based on information from Liberia, Ministry of Planning and Economic Affairs, Country Economic Memorandum, n. pl., n. d., Table A10.
  58.