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Liberia

Headline economic indicators for Liberia, with the most recent official readings.

Prices

Prices — Liberia
Indicator Value Change
Inflation rate · 8.3% +0.10 (+1.2%)
Consumer price index · 496.0 +38.08 (+8.3%)
GDP deflator inflation · 4.5% -0.14 (-3.0%)

GDP

GDP — Liberia
Indicator Value Change
GDP growth rate · 5.0% +0.99 (+24.7%)
GDP per capita · 915.33 +63.83 (+7.5%)
GDP per capita, long-run history · 811 +20.93 (+2.6%)
GDP · 5,245,938,900 +466,638,000 (+9.8%)
GDP, PPP · 11,354,062,596 +836,983,113 (+8.0%)
GDP per capita, PPP · 1,981 +107.33 (+5.7%)
GDP per capita growth · 2.8% +1.05 (+58.0%)
GNI per capita · 830 +80.00 (+10.7%)
Agriculture to GDP · 32.7% -1.18 (-3.5%)
Industry to GDP · 24.5% +2.56 (+11.7%)
Manufacturing to GDP · 2.3% -0.33 (-12.6%)
Services to GDP · 40.0% -3.32 (-7.7%)

Labour

Labour — Liberia
Indicator Value Change
Unemployment rate · 2.9% -0.03 (-1.0%)
Labour force participation rate · 76.6% -0.03 (-0.0%)
Female labour force participation rate · 72.0% +0.01 (+0.0%)
Youth unemployment rate · 2.3% +0.08 (+3.6%)
Employment to population ratio · 74.4% -0.01 (-0.0%)
Employment in agriculture · 41.1% -0.75 (-1.8%)
Employment in industry · 8.3% +0.07 (+0.8%)
Employment in services · 50.5% +0.69 (+1.4%)

Money

Money — Liberia
Indicator Value Change
Real interest rate · 8.1% +0.10 (+1.2%)
Broad money to GDP · 27.0% -1.87 (-6.5%)
Private sector credit to GDP · 17.2% -2.09 (-10.8%)
Lending rate · 13.0% -0.05 (-0.4%)
Bank deposit rate · 3.8% +0.14 (+3.8%)
Official exchange rate · 191.31 +16.35 (+9.3%)

Trade

Trade — Liberia
Indicator Value Change
Current account to GDP · 2.5% +14.01 (+121.8%)
Trade balance, goods and services (annual) · -412,265,444.83 +599,693,316 (+59.3%)
Current account balance (annual) · 119,784,706.8 +624,934,503 (+123.7%)
Foreign direct investment to GDP · 9.5% -0.34 (-3.4%)
Remittances received to GDP · 21.3% -0.37 (-1.7%)
Total reserves, including gold · 338,800,671.95 -28,910,995 (-7.9%)
Reserves in months of imports · 2.0 -0.04 (-2.0%)
External debt to GNI · 50.5% -0.69 (-1.3%)

Government

Government — Liberia
Indicator Value Change
Government revenue to GDP · 32.2% unchanged
Government expense to GDP · 34.4% unchanged
Education spending to GDP · 2.3% -0.01 (-0.4%)
Health spending to GDP · 13.0% -0.58 (-4.3%)

Demography

Demography — Liberia
Indicator Value Change
Population · 5,731,206 +118,389 (+2.1%)
Population, long-run history · 5,216 +107.49 (+2.1%)
Population growth · 2.1% -0.07 (-3.2%)
Life expectancy · 62.3 +0.16 (+0.3%)
Fertility rate · 3.86 -0.09 (-2.2%)
Birth rate · 30.6 -0.38 (-1.2%)
Death rate · 8.0 -0.05 (-0.7%)
Urban population share · 56.1% +0.54 (+1.0%)
Population aged 65 and over · 3.3% +0.03 (+0.9%)
Under-five mortality rate · 86.4 -0.90 (-1.0%)
Population density · 58.3 +1.24 (+2.2%)
Net migration · -9,870 -2,091 (-26.9%)
Gini index · 35.3 +2.10 (+6.3%)

Source: Bolt, J. and van Zanden, J.L. (2024), Maddison style estimates of the evolution of the world economy: A new 2023 update, Journal of Economic Surveys, 1-41, DOI 10.1111/joes.12618. Licensed under CC BY 4.0. The original sources are listed on each page.

All data sources

Original sources of these estimates

GDP pc: 2008 - 2022: Total Economy Database the Conference Board for all countries included in TED. Otherwise UN national accounts statistics

Liberia

Economies nearby

Comparable readings from neighbouring economies.