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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 2020 was at about 10.915 US Dollar per capita. In contrast, the GDP in Liberia reached 633 US dollars per inhabitant, or 3.20 bn US Dollar in the whole country. Liberia is currently at number 170 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 184.

Inflation in Liberia was in 2018 at around 23.56%. Within the EU, the average in the same year was 2.62%. 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 in 2020

Overall, the gross domestic product in Liberia in 2020 decreased moderatly from 3.32 billion US Dollar to 3.20 billion US Dollar. Certainly, there have been shifts in some sectors of the economy, but a minus of 3.6% is still comparatively good this year. Numerous countries suffered more substantial losses. The unemployment rate rose from 3.0 to 4.0 percent.

Unemployment rates in percent 1991 - 2021

Economic performance 2020

 Liberia
Total
Liberia
per capita
EU
Total
EU
per capita
GDP3.20 bn USD632.94 USD15,291.93 tn USD29,692.11 USD
Gross national product2.89 bn USD572.14 USD15,330.84 tn USD29,767.66 USD


Development of gross domestic product in million US Dollar 1979 - 2020



Im- and Exports 2019

 Liberia
Total
Liberia
per capita
EU
Total
EU
per capita
Imports1.24 bn USD245.92 USD7,340.01 bn USD14,251.98 USD
Exports554.01 m USD109.54 USD7,939.04 bn USD15,415.11 USD


Development of imports and exports in million US dollars 1979 - 2019

Exports
Imports



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