Liberia's GDP changed from approximately $863M in 2000 to $4B 754M in 2024, showing an overall 450.9% sharply increased during the period.
The lowest GDP was recorded in 2003 at $714M, and the highest in 2024 at $4B 754M.
Over the 24-year span, the GDP showed a overall increase with some decline trend, with an average annual growth rate of 7.4%.
For comparison, the average annual growth rate of Sierra Leone was 2.3%, and that of Ivory Coast was 4.3%.
Liberia GDP from 2000 to 2024
The total market value of goods and services produced annually in Liberia.
Overview of Liberia's GDP (2000–2024)
The Gross Domestic Product (GDP) of Liberia recorded a 450.9% sharply increased from 2000 to 2024.
The average GDP during this period was $2B 398M, and the median was $2B 675M.
GDP fluctuated within a range of $4B 40M, with a standard deviation of $1B 219M.
The average annual change was $160M 494K.
Highest and Lowest GDP Records
- Lowest GDP: 2003, $714M
- Highest GDP: 2024, $4B 754M
- Most Recent GDP: 2024, $4B 754M
Notable Annual GDP Changes
- 2021: Significant increase in GDP
- 2003: Noticeable drop in GDP
Overall pattern: overall increase with some decline
Global Economic Events and Liberia's GDP
COVID-19 Pandemic (2020)
- Period: From 2019 to 2020
- GDP Change: $3B 80M → $3B 37M
- Outcome: declined
2008 Global Financial Crisis
- Period: From 2007 to 2009
- GDP Change: $1B 344M → $1B 765M
- Outcome: sharply increased
2001 Dot-com Bubble Burst
- Period: From 2000 to 2001
- GDP Change: $863M → $904M
- Outcome: increased
1998 Asian Financial Crisis
- Period: From 1997 to 1998
- GDP Change: $0 → $0
- Outcome: remained stable
Key Economic Indicators of Liberia (2000–2024)
| year | GDP Growth | Nominal GDP | PPP GDP | GDP per Capita | PPP per Capita | Savings | Population | Current Account | Fiscal Balance |
|---|---|---|---|---|---|---|---|---|---|
1998 | 0 % | $ 0 | $ 0 | $ 0 | $ 0 | 0 % | 2M 517K people | 0 % | 0 % |
1999 | 0 % | $ 0 | $ 0 | $ 0 | $ 0 | 0 % | 2M 700K people | 0 % | 0 % |
2000 | 0 % | $ 863M | $ 2B 590M | $ 303.14 | $ 909.54 | 0 % | 2M 848K people | -12.237 % | 0.075 % |
2001 | 2.758 % | $ 904M | $ 2B 722M | $ 305.91 | $ 921.38 | 0 % | 2M 954K people | -9.667 % | -0.819 % |
2002 | 4.431 % | $ 943M | $ 2B 887M | $ 311.77 | $ 954.23 | 0 % | 3M 25K people | -2.751 % | -1.412 % |
2003 | -28.974 % | $ 714M | $ 2B 91M | $ 231.89 | $ 679.44 | 0 % | 3M 77K people | -14.017 % | 0.563 % |
2004 | 3.971 % | $ 897M | $ 2B 232M | $ 286.10 | $ 711.77 | 0 % | 3M 136K people | -6.158 % | -0.487 % |
2005 | 5.856 % | $ 944M | $ 2B 437M | $ 293.47 | $ 757.28 | 0 % | 3M 218K people | 2.218 % | -0.467 % |
2006 | 8.48 % | $ 1B 109M | $ 2B 725M | $ 333.15 | $ 818.60 | 0 % | 3M 329K people | -7.355 % | 4.25 % |
2007 | 13.103 % | $ 1B 344M | $ 3B 166M | $ 388.15 | $ 914.41 | 0 % | 3M 462K people | -1.569 % | 2.345 % |
2008 | 6.105 % | $ 1B 676M | $ 3B 424M | $ 464.44 | $ 948.91 | 0 % | 3M 608K people | -30.167 % | -2.566 % |
2009 | 5.192 % | $ 1B 765M | $ 3B 624M | $ 470.22 | $ 965.27 | 0 % | 3M 754K people | -13.157 % | -1.249 % |
2010 | 6.351 % | $ 1B 966M | $ 3B 901M | $ 505.36 | $ 1,002.47 | 0 % | 3M 891K people | 1.073 % | 1.277 % |
2011 | 7.7 % | $ 2B 340M | $ 4B 288M | $ 582.61 | $ 1,067.38 | 0 % | 4M 17K people | -2.473 % | -4.33 % |
2012 | 8.42 % | $ 2B 675M | $ 4B 773M | $ 646.66 | $ 1,153.93 | 0 % | 4M 136K people | -20.87 % | -2.854 % |
2013 | 8.836 % | $ 3B 44M | $ 5B 647M | $ 716.58 | $ 1,329.37 | 0 % | 4M 248K people | -8.808 % | 1.387 % |
2014 | 0.695 % | $ 3B 90M | $ 5B 922M | $ 708.82 | $ 1,358.24 | 0 % | 4M 360K people | -34.308 % | -4.679 % |
2015 | 0.007 % | $ 3B 92M | $ 5B 624M | $ 691.37 | $ 1,257.51 | 0 % | 4M 472K people | -28.492 % | -3.428 % |
2016 | -1.63 % | $ 3B 256M | $ 6B 283M | $ 709.82 | $ 1,369.79 | 0 % | 4M 587K people | -22.955 % | -3.54 % |
2017 | 2.469 % | $ 3B 321M | $ 7B 203M | $ 706.24 | $ 1,531.99 | 0 % | 4M 702K people | -22.273 % | -6.699 % |