Indicators of economy in Liberia
The essential economic performance of a country is reflected by the gross domestic product, the total of all goods and services sold. Worldwide gross domestic product in 2021 was at about 12,183 USD per capita. GDP in Liberia, on the other hand, reached USD 676 per capita, or 3.51 billion USD for the whole country. Liberia is currently at number 171 among the international economies and is therefore one of the less significant. If this is calculated per inhabitant, taking purchasing power parity into account, then Liberia ranks 184th in the list of the richest countries.Inflation in Liberia in 2018 was around 23.56%. Within the EU, the average in the same year was 9.22 percent. In the United States, it was most recently 8.00%.
The index for perceived corruption in the public sector is 26, which is rather poor by global standards.
Back to overview: Liberia
Impact of the COVID-19 pandemic
The consequences of the COVID pandemic were not insignificant in Liberia 2020. Overall, gross domestic product in 2020 fell from 3.32 billion US dollars to 3.04 billion US dollars. With a drop of 8.4 percent, the economy in Liberia suffered more significant losses than other countries. The unemployment rate rose from 3.0 to 3.8 percent.In 2021, there was already a recovery and the gross domestic product increased to 3.51 billion US dollars (=105.7% of 2019).
Unemployment rates in percentages 1991 - 2022
Economic performance 2021
Liberia Total | Liberia per capita | EU Total | EU per capita | |
---|---|---|---|---|
GDP | 3.51 bn USD | 675.66 USD | 17.177 tn USD | 33,384.92 USD |
Gross national product | 3.25 bn USD | 625.96 USD | 16.895 tn USD | 32,835.37 USD |
Development of gross domestic product in millions of USD 1979 - 2021
› Debt budget development
› Development of inflation
› Corruption in Liberia
› Cost of living in a global comparison
› Development of inflation
› Corruption in Liberia
› Cost of living in a global comparison
Imports and Exports 2019
Liberia Total | Liberia per capita | EU Total | EU per capita | |
---|---|---|---|---|
Imports | 1.24 bn USD | 239.50 USD | 8.916 tn USD | 17,329.02 USD |
Exports | 554.01 m USD | 106.68 USD | 9.554 tn USD | 18,569.19 USD |
Development of imports and exports in millions of USD 1979 - 2019
Exports
Imports