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Liberia

Republic of Liberia

Last updated: 2026-03-28 (today)

Budget

revenues

$5 million (2019 est.)

expenditures

$6 million (2019 est.)

Exports

note

note: balance of payments - exports of goods and services in current dollars

Exports 2020

$731.658 million (2020 est.)

Exports 2021

$1.041 billion (2021 est.)

Exports 2022

$1.22 billion (2022 est.)

Imports

note

note: balance of payments - imports of goods and services in current dollars

Imports 2020

$1.371 billion (2020 est.)

Imports 2021

$1.739 billion (2021 est.)

Imports 2022

$1.961 billion (2022 est.)

Industries

mining (iron ore and gold), rubber processing, palm oil processing, diamonds

Labor force

2.607 million (2024 est.)

note: number of people ages 15 or older who are employed or seeking work

Public debt

Public debt 2016

28.3% of GDP (2016 est.)

Remittances

note

note: personal transfers and compensation between resident and non-resident individuals/households/entities

Remittances 2021

15.1% of GDP (2021 est.)

Remittances 2022

17.2% of GDP (2022 est.)

Remittances 2023

18.2% of GDP (2023 est.)

Exchange rates

Currency

Liberian dollars (LRD) per US dollar -

Exchange rates 2019

186.43 (2019 est.)

Exchange rates 2020

191.518 (2020 est.)

Exchange rates 2021

166.154 (2021 est.)

Exchange rates 2022

152.934 (2022 est.)

Exchange rates 2023

174.956 (2023 est.)

Debt - external

note

note: present value of external debt in current US dollars

Debt - external 2023

$1.335 billion (2023 est.)

Economic overview

low-income West African economy; food scarcity, especially in rural areas; high poverty and inflation; bad recession prior to COVID-19 due to Ebola crisis; growing government debt; longest continuously operated rubber plantation; large informal economy

Unemployment rate

note

note: % of labor force seeking employment

Unemployment rate 2022

3% (2022 est.)

Unemployment rate 2023

3% (2023 est.)

Unemployment rate 2024

2.9% (2024 est.)

Exports - partners

Switzerland 30%, UK 13%, France 8%, Germany 7%, Lebanon 4% (2023)

note: top five export partners based on percentage share of exports

Imports - partners

China 48%, Japan 21%, Germany 8%, Brazil 3%, Cote d'Ivoire 3% (2023)

note: top five import partners based on percentage share of imports

Real GDP per capita

note

note: data in 2021 dollars

Real GDP per capita 2022

$1,600 (2022 est.)

Real GDP per capita 2023

$1,600 (2023 est.)

Real GDP per capita 2024

$1,700 (2024 est.)

Real GDP growth rate

note

note: annual GDP % growth based on constant local currency

Real GDP growth rate 2022

4.8% (2022 est.)

Real GDP growth rate 2023

4.7% (2023 est.)

Real GDP growth rate 2024

4.8% (2024 est.)

Agricultural products

cassava, sugarcane, rice, oil palm fruit, bananas, rubber, vegetables, plantains, taro, maize (2023)

note: top ten agricultural products based on tonnage

Exports - commodities

gold, ships, iron ore, rubber, refined petroleum (2023)

note: top five export commodities based on value in dollars

Imports - commodities

ships, refined petroleum, rice, trucks, centrifuges (2023)

note: top five import commodities based on value in dollars

Current account balance

note

note: balance of payments - net trade and primary/secondary income in current dollars

Current account balance 2020

-$274.971 million (2020 est.)

Current account balance 2021

-$101.746 million (2021 est.)

Current account balance 2022

$64.806 million (2022 est.)

GDP (official exchange rate)

$4.75 billion (2024 est.)

note: data in current dollars at official exchange rate

Population below poverty line

50.9% (2016 est.)

note: % of population with income below national poverty line

Inflation rate (consumer prices)

note

note: annual % change based on consumer prices

Inflation rate (consumer prices) 2021

7.8% (2021 est.)

Inflation rate (consumer prices) 2022

7.6% (2022 est.)

Inflation rate (consumer prices) 2023

10.1% (2023 est.)

Industrial production growth rate

6.1% (2024 est.)

note: annual % change in industrial value added based on constant local currency

Real GDP (purchasing power parity)

note

note: data in 2021 dollars

Real GDP (purchasing power parity) 2022

$8.484 billion (2022 est.)

Real GDP (purchasing power parity) 2023

$8.882 billion (2023 est.)

Real GDP (purchasing power parity) 2024

$9.308 billion (2024 est.)

Youth unemployment rate (ages 15-24)

male

2.2% (2024 est.)

note

note: % of labor force ages 15-24 seeking employment

total

2.1% (2024 est.)

female

2% (2024 est.)

Reserves of foreign exchange and gold

note

note: holdings of gold (year-end prices)/foreign exchange/special drawing rights in current dollars

Reserves of foreign exchange and gold 2020

$340.966 million (2020 est.)

Reserves of foreign exchange and gold 2021

$700.829 million (2021 est.)

Reserves of foreign exchange and gold 2022

$599.66 million (2022 est.)

GDP - composition, by sector of origin

note

note: figures may not total 100% due to non-allocated consumption not captured in sector-reported data

industry

23.3% (2024 est.)

services

42.1% (2024 est.)

agriculture

33.6% (2024 est.)

Household income or consumption by percentage share

note

note: % share of income accruing to lowest and highest 10% of population

lowest 10%

2.9% (2016 est.)

highest 10%

27.1% (2016 est.)

Gini Index coefficient - distribution of family income

note

note: index (0-100) of income distribution; higher values represent greater inequality

Gini Index coefficient - distribution of family income 2016

35.3 (2016 est.)