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Indicators of economy in Liberia

The essential economic performance of a country is reflected by the gross domestic product. So the total of all goods and services sold. Worldwide gross domestic product in 2021 was at about 12.259 USD per capita. GDP in Liberia, on the other hand, reached USD 673 per capita, or 3.49 billion USD in the whole country. Liberia is currently at number 169 among the international economies and is therefore one of the less significant. If this is calculated per inhabitant taking into account the purchasing power parity, then Liberia is in the list of the world's richest countries in place 173.

Inflation in Liberia was in 2018 at around 23.56%. Within the EU, the average in the same year was 2.55%. In the United States, it was most recently 4.70%.

Compared with the USA, prices for daily consumer goods are around 100.0% lower.
The Corruption Perceptions Index for the public sector counts 67 and is compared to other countries moderate.


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 Dollar auf 3.04 billion US Dollar. 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 percent 1991 - 2021

Economic performance 2021

 Liberia
Total
Liberia
per capita
EU
Total
EU
per capita
GDP3.49 bn USD673.09 USD17.09 tn USD33,228.68 USD
Gross national product3.22 bn USD622.03 USD16.78 tn USD32,621.03 USD


Development of gross domestic product in million US Dollar 1979 - 2021



Im- and Exports 2019

 Liberia
Total
Liberia
per capita
EU
Total
EU
per capita
Imports1.24 bn USD240.11 USD8,916.24 bn USD17,337.55 USD
Exports554.01 m USD106.95 USD9,554.34 bn USD18,578.33 USD


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

Exports
Imports



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