Worlddata.info

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 12,230 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 2.55 percent. In the United States, it was most recently 4.70%.

Compared with the USA, prices for daily consumer goods are around 100.0 percent lower.
The index for perceived corruption in the public sector is 29, 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 4.0 percent.

Unemployment rates in percentages 1991 - 2021

Economic performance 2021

 Liberia
Total
Liberia
per capita
EU
Total
EU
per capita
GDP3.51 bn USD675.66 USD17.177 tn USD33,384.92 USD
Gross national product3.25 bn USD625.96 USD16.895 tn USD32,835.37 USD


Development of gross domestic product in millions of USD 1979 - 2021



Imports and Exports 2019

 Liberia
Total
Liberia
per capita
EU
Total
EU
per capita
Imports1.24 bn USD239.50 USD8.916 tn USD17,329.02 USD
Exports554.01 m USD106.68 USD9.554 tn USD18,569.19 USD


Development of imports and exports in millions of USD 1979 - 2019

Exports
Imports



Liberia: AirportsThe 2 airports in LiberiaThe 2 biggest airports in Liberia (Roberts Int'l. and Spriggs Payne)
Pariah StatesList of the 11 current Pariah States11 countries, that suffer from the sanctions of the international community because of their mostly autocratic government.
United States of America: VolcanosActive volcanoes and eruptions in the United StatesVolcanic eruptions and their damages by 17 volcanos of United States of America