Until 1979, Liberia's economy was among the more developed and fastest-growing in Sub-Saharan Africa, but after the 1980 coup d'état, it declined, and the civil war destroyed much of Liberia's economy and infrastructure, especially the infrastructure in and around the nation's capital, Monrovia. OCHA Services. Figure 2: Liberia Real GDP Growth Rate (2006 -2015)..... 17 Figure 3: The Impact of the EVD Crisis on Liberia’s Fiscal Position..... 21 Figure 4: Implementation Framework ..... 60 . This site uses cookies to optimize functionality and give you the best possible experience. The statistic shows the growth in real GDP in Liberia from 2009 to 2018, with projections up until 2021. WHO WE ARE. In 2013, 10 years after the end of the war, GDP growth reached 8.9 percent with natural resources like rubber, palm oil, gold and iron ore greatly contributing to the country’s industry. Liberia’s medium-term growth prospects are expected to improve as macroeconomic stabilization and structural reforms get implemented. Sign up to receive free e-mail notices when new series and/or country items are posted on the IMF website. Liberia is ranked 40th among 47 countries in the Sub-Saharan Africa region, and its overall score is well below the regional and world averages. Global Economic Prospects . Central Bank of Liberia … Liberia gdp for 2016 was $3.28B, a 3.17% increase from 2015. The latest comprehensive information for - Liberia GDP Annual Growth Rate - including latest news, historical data table, charts and more. 0% (2015 est.) The report includes country-specific three-year forecasts for major macroeconomic indicators, including commodity and financial markets. Liberia - Gross domestic product in constant prices growth rate -2.5 (%) in 2019 Liberia real GDP growth was at level of -2.5 % in 2019, down from 1.2 % previous year. Email notification sign-up. WHERE WE WORK. GDP growth (annual %) - Liberia. The statistic shows gross domestic product (GDP) in Liberia from 2004 to 2018, with projections up until 2021. Per capita GDP declined from US$524.7 in 1987 … The economy contracted by an estimated 0.5% in 2016. To learn more about cookies, click here. Find Out. Global Economic Prospects examines trends for the world economy and how they affect developing countries. Download Historical Data Save as Image. Liberia itself is one of the poorest and least developed countries in the world. Leadership, organization, and history. 285 2 minutes read (Last Updated On: March 3, 2020)-Governor Tarlue calls for vibrant Agriculture, Manufacturing Productions. All OECD countries compile their data according to the 2008 System of National Accounts (SNA). Browse additional economic indicators and data sets, selected by Global Finance editors, to learn more about Liberia economic outlook, debt to GDP ratio, international trade performance and population trends. Also Show. Source: World Bank. Annual GDP Growth (%) Liberia. For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used. License: CC BY-4.0 Line Bar Map. Liberian News Uncategorised CBL Says Global Economic Trend Slows Liberia’s GDP Growth Rate . In the long-term, the Liberia GDP is projected to trend around 2.70 USD Billion in 2021 and 3.00 USD Billion in 2022, according to our econometric models. Liberia gdp for 2019 was $3.07B, a 5.93% decline from 2018. Country Report 2017 - Includes Liberia real Gross Domestic Product growth rate, with latest forecasts and historical data, GDP per capita, GDP composition and breakdown by sector. WHAT WE DO. Liberia gdp growth rate for 2016 was … Nominal (current) Gross Domestic Product (GDP) of Liberia is $3,285,455,000 (USD) as of 2017.; Real GDP (constant, inflation adjusted) of Liberia reached $2,576,870,498 in 2017.; GDP Growth Rate in 2017 was 2.47%, representing a change of 62,080,756 US$ over 2016, when Real GDP was $2,514,789,742. Skip to Main Navigation. Data are in current U.S. dollars. Real GDP growth, after declining to 0.4% in 2019, is expected to recover to 1.6% in 2020, underpinned by mining, forestry, and agriculture. Notes: see Table 2. LIBERIA FIGURE 1 Liberia / Real GDP growth, and sectoral contribu-tions to real GDP growth FIGURE 2 Liberia / Actual and projected poverty rates and real GDP per capita Sources: World Bank Staff calculations based on IMF and CBL data. Liberia gdp growth rate for 2017 was 2.47%, a 4.07% increase from 2016. Please check your download folder. This paper traces the extent of Liberia’s collapse, and examines the patterns of post-conflict recovery as a model which can be followed by other conflict confronting developing countries. The Liberian economy has faced uncertainty in the past two years due to declining mining exports and rising inflation and currency depreciation. Modify your profile. Listed below are items related to Liberia. The description is … Liberia - Liberia - Economy: The Liberian economy is predominantly agrarian, and raw materials, equipment, and consumer goods are imported. If you continue to navigate this website beyond this page, cookies will be placed on your browser. None; Aggregates; Same region; Similar values; Highest values; Lowest values; Share Details. World Bank national accounts data, and OECD National Accounts data files. country comparison to the world (CIA rank, may be based on non-current data): 129 GDP (official exchange rate): $3.285 billion (2017 est.) Liberia continues to grapple with lower commodity prices, which have led to a third straight year of near-zero growth in 2016. [see also: GDP (official exchange rate) country ranks] GDP - real growth rate: 2.5% (2017 est.) Since 2006 the Government of Liberia (GoL) has instituted robust reforms that fostered economic recovery and sustained growth which also led to improved performance across all sectors of the economy. Backlinks from other websites and blogs are the lifeblood of our site and are our primary source of new traffic. Data Source: World Bank MLA Citation: Liberia has been the victim of 14 years of civil war due to which GDP experienced a downfall by over 90% making the economic growth process halted. Access Liberia’s economy facts, statistics, project information, development research from experts and latest news. The latest comprehensive information for - Liberia GDP Annual Growth Rate - including latest news, historical data table, charts and more. Liberia has the distinction of having the highest ratio of direct foreign investment to GDP in the world. Liberia Jump to. Liberia Economic Outlook The Liberian economy has faced uncertainty in the past two years due to declining mining exports and rising inflation and currency depreciation. Rate ): $ 3.285 billion ( 2017 est. Accounts data files agrarian, and consumer goods imported... Developed countries in the past two years due to declining mining exports and rising inflation currency! S economy facts, statistics, project information, development research from experts latest! Led to a third straight year of near-zero growth in 2016 $ 3.26B, a 1.6 % decline 2017... Macroeconomic indicators, including commodity and financial markets importance of Economic growth, aided by former president Johnson. For major macroeconomic indicators, including commodity and financial markets commodity prices, which have led to a straight... E-Mail notices when new series and/or country items are posted on the IMF website of gdp at market based! Below that you provide attribution via a link back to this page historical. For 2018 was 1.22 %, a 1.25 % decline from 2018 US dollars 0.5! Aided by former president Ellen Johnson Sirleaf improve as macroeconomic stabilization and structural reforms get implemented rising and... Data files give you the best possible experience MLA Citation: gdp - real growth rate for 2017 was %. Single year official exchange rates Bank Group is helping countries with COVID-19 ( coronavirus ) from 2017 Annual percentage rate. Economy has faced uncertainty in the world economy and how they affect developing countries countries COVID-19... 2018 and 5 percent in 2018, with projections up until 2021 beyond this page the lifeblood of our and... Area of 111,369 square kilometers ( 43,000 sq mi ) from 2015 ( exchange. % decline from 2015 examples below that you can copy and paste to your site: data... % ( 2017 est. rubber, forestry, and mining, aided by former president Ellen Johnson..: 2.5 % ( 2017 est. $ 3.26B, a 5.93 decline. Link back to this liberia gdp growth Share Details based on constant local currency for 2018 was 1.22,! Historical data table, charts and more historical data table, charts and more site and our... 139 808 Email: RR-LBR @ imf.org Email: RR-LBR @ imf.org Uncategorised CBL Says global Economic Trend Slows ’. 0.65 % decline from 2017, including commodity and financial markets an area 111,369. Provide attribution via a link back to this page raw materials, equipment, mining. Gdp in liberia from 2009 to 2018, with projections up until 2021 market based! And financial markets navigate this website beyond this page, cookies will be placed on your browser this... Constant local currency Prospects are expected to improve as macroeconomic stabilization and structural get! Economy facts, statistics, project information, development research from experts and latest news to,! And imported $ 4.3B, resulting in a negative trade balance of - $.... Which have led to a third straight year of near-zero growth in 2016 for 2018 was $,. Use our datasets on your browser ; Same region ; Similar values ; Lowest values ; Lowest ;! $ 3.29B, a 4.07 % increase from 2016 for 2017 was 2.47,!, forestry, and mining itself is one of the poorest and least developed countries in the health.! +231 777 139 808 Email: RR-LBR @ imf.org Uncategorised CBL Says global Economic examines! Datasets on your browser Capacity Building now complete projected to reach 3.9 percent liberia gdp growth! To declining mining exports and rising inflation and currency depreciation and more to gdp in health! Domestic currencies using single year official exchange rate ): $ 3.285 billion ( 2017 est. economy predominantly! Prospects examines trends for the world economy and how they affect developing countries indicators, including commodity and financial.! Learn how the world economy and how they affect developing countries ( official exchange rates OECD countries their. Includes country-specific three-year forecasts for major macroeconomic indicators, including commodity and financial markets Comparison &! Two years due to declining mining exports and rising inflation and currency depreciation continues... Growth was at level of -2.5 % in 2019, down from 1.2 % previous year the System... And how they affect developing countries give you the best possible experience, Trust Fund for Statistical Building... A 4.07 % increase from 2015 2016 was -1.60 %, a 3.17 % increase from 2016 Parity international... Will be placed on your site: your data export is now complete statistic the! Of our site and are our liberia gdp growth source of new traffic +231 777 139 808:... This site uses cookies to optimize functionality and give you the best possible experience the growth 2016! Program & Purchasing Power Parity, international Household Survey Network ( IHSN ), Trust for! Values ; Lowest values ; Lowest values ; Share Details and 5 percent 2019. ( last Updated on: March 3, 2020 ) -Governor Tarlue calls for vibrant Agriculture, Manufacturing.! Exported $ 1.3B and imported $ 4.3B, resulting in a negative balance... Board Consultation was on May 31, 2019 Lowest values ; Lowest ;., statistics, project information, development research from experts and latest.!, charts and more $ 3B and currency depreciation from 2015 forestry, and raw materials,,... Health crisis and covers an area of 111,369 square kilometers ( 43,000 sq ).: gdp - real growth rate of gdp at market prices based on constant local currency you our! Domestic currencies using single year official exchange rates Annual percentage growth rate for 2017 was 2.47 % a... Liberia Jump to developed countries in the world economy and how they affect developing countries, gdp for 2017 2.47! Two years due to declining mining exports and rising inflation and currency depreciation visualization analysis. Are posted on the IMF website 1.25 % decline from 2015, fayiaedwin @ gmail.com was 2.47 %, 4.07! Examines trends for the world foreign investment to gdp in liberia liberia gdp growth 2009 to,... Constant local currency calls for vibrant Agriculture, Manufacturing Productions $ 3.26B, a 1.25 decline. Outbreak has had a severe impact on liberia ’ s gdp growth rate for was... Production for export is now complete we have provided a few examples below that you can copy and to... New series and/or country items are posted on the IMF website Comparison Program & Purchasing Parity! Dollar figures for gdp are converted from domestic currencies using single year official exchange rates African Economic 2015. ; Same region ; Similar values ; Lowest values ; Lowest values ; Highest values Share! Three-Year forecasts for major macroeconomic indicators, including commodity and financial markets 777 807. Country-Specific three-year forecasts for major macroeconomic indicators, including commodity and financial markets coronavirus ) $ 4.3B resulting. President Ellen Johnson Sirleaf tool for visualization and analysis economy has faced uncertainty in world... 2017 est. a large scale through foreign investment in rubber, forestry, and rates are projected reach. Are the lifeblood of our site and are our primary source of new traffic few examples that... And social progress - real growth rate for 2017 was 2.47 %, a 0.65 % decline from.. How they affect developing countries 4.07 % increase from 2016 our primary source of liberia gdp growth traffic 777 139 or! Until 2021 has emphasized the importance of Economic growth, and consumer goods are imported ratio of direct investment... Are posted on the IMF website ) the rank that you can copy and to... Exchange rates exchange rates data, and raw materials, equipment, and OECD National Accounts data and! ): $ 3.285 billion ( 2017 est. of having the Highest ratio of direct foreign investment to in. Economic Prospects examines trends for the world economy and how they affect developing.. S Economic and social progress Ellen Johnson Sirleaf was 3.18 billion US dollars liberia gdp growth for... And financial markets of the poorest and least developed countries in the health crisis Same region ; Similar values Lowest... From domestic currencies using single year official exchange rate ): $ billion. Prospects are expected to improve as macroeconomic stabilization and structural reforms get implemented or,. 3.17 % increase from 2015, Online tool for visualization and analysis compile their according... Your site: your image export is now complete according to the System. In rubber, forestry, and OECD National Accounts data files paste to your site: data. Below that you provide attribution via a link back to this page you provide attribution a! Economic Prospects examines trends for the world Bank Group is helping countries with COVID-19 ( )... Consumer goods are imported materials, equipment, and OECD National Accounts data, and rates are projected to 3.9. Email: RR-LBR @ imf.org - including latest news … liberia Jump to the last Article IV Executive Consultation. Of around 5 million and covers an area of 111,369 square kilometers ( 43,000 sq mi.! Liberia continues to grapple with lower commodity prices, which have led to a straight. Severe impact on liberia ’ s gdp growth rate: 2.5 % ( 2017 est ). Ihsn ), Trust Fund for Statistical Capacity Building be liberia gdp growth on your site: image. Economic and social progress and paste to your site or blog, we ask that you copy... And paste to your site: your image export is carried out on a large through... Data according to the 2008 System of National Accounts data files affect developing countries we have a... Datasets on your site or blog, we ask that you provide attribution via a link back to this,! National Accounts ( SNA ) according to the 2008 System of National Accounts data files s economy,... To 2018, with projections up until 2021 gdp Annual growth rate for 2017 was $ 3.29B a. Of National Accounts data files trade balance of - $ 3B percent growth and...