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%.
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.
Liberia GDP from 2000 to 2024
The total market value of goods and services produced annually in Liberia.
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 | Nominal GDP | GDP per Capita | PPP per Capita | PPP GDP | GDP Growth | Current Account | Savings | Fiscal Balance | Population |
|---|---|---|---|---|---|---|---|---|---|
1998 | $ 0 | $ 0 | $ 0 | $ 0 | 0 % | 0 % | 0 % | 0 % | 2M 517K people |
1999 | $ 0 | $ 0 | $ 0 | $ 0 | 0 % | 0 % | 0 % | 0 % | 2M 700K people |
2000 | $ 863M | $ 303.14 | $ 909.54 | $ 2B 590M | 0 % | -12.237 % | 0 % | 0.075 % | 2M 848K people |
2001 | $ 904M | $ 305.91 | $ 921.38 | $ 2B 722M | 2.758 % | -9.667 % | 0 % | -0.819 % | 2M 954K people |
2002 | $ 943M | $ 311.77 | $ 954.23 | $ 2B 887M | 4.431 % | -2.751 % | 0 % | -1.412 % | 3M 25K people |
2003 | $ 714M | $ 231.89 | $ 679.44 | $ 2B 91M | -28.974 % | -14.017 % | 0 % | 0.563 % | 3M 77K people |
2004 | $ 897M | $ 286.10 | $ 711.77 | $ 2B 232M | 3.971 % | -6.158 % | 0 % | -0.487 % | 3M 136K people |
2005 | $ 944M | $ 293.47 | $ 757.28 | $ 2B 437M | 5.856 % | 2.218 % | 0 % | -0.467 % | 3M 218K people |
2006 | $ 1B 109M | $ 333.15 | $ 818.60 | $ 2B 725M | 8.48 % | -7.355 % | 0 % | 4.25 % | 3M 329K people |
2007 | $ 1B 344M | $ 388.15 | $ 914.41 | $ 3B 166M | 13.103 % | -1.569 % | 0 % | 2.345 % | 3M 462K people |
2008 | $ 1B 676M | $ 464.44 | $ 948.91 | $ 3B 424M | 6.105 % | -30.167 % | 0 % | -2.566 % | 3M 608K people |
2009 | $ 1B 765M | $ 470.22 | $ 965.27 | $ 3B 624M | 5.192 % | -13.157 % | 0 % | -1.249 % | 3M 754K people |
2010 | $ 1B 966M | $ 505.36 | $ 1,002.47 | $ 3B 901M | 6.351 % | 1.073 % | 0 % | 1.277 % | 3M 891K people |
2011 | $ 2B 340M | $ 582.61 | $ 1,067.38 | $ 4B 288M | 7.7 % | -2.473 % | 0 % | -4.33 % | 4M 17K people |
2012 | $ 2B 675M | $ 646.66 | $ 1,153.93 | $ 4B 773M | 8.42 % | -20.87 % | 0 % | -2.854 % | 4M 136K people |
2013 | $ 3B 44M | $ 716.58 | $ 1,329.37 | $ 5B 647M | 8.836 % | -8.808 % | 0 % | 1.387 % | 4M 248K people |
2014 | $ 3B 90M | $ 708.82 | $ 1,358.24 | $ 5B 922M | 0.695 % | -34.308 % | 0 % | -4.679 % | 4M 360K people |
2015 | $ 3B 92M | $ 691.37 | $ 1,257.51 | $ 5B 624M | 0.007 % | -28.492 % | 0 % | -3.428 % | 4M 472K people |
2016 | $ 3B 256M | $ 709.82 | $ 1,369.79 | $ 6B 283M | -1.63 % | -22.955 % | 0 % | -3.54 % | 4M 587K people |
2017 | $ 3B 321M | $ 706.24 | $ 1,531.99 | $ 7B 203M | 2.469 % | -22.273 % | 0 % | -6.699 % | 4M 702K people |