Liberia GDP Trends from 2000 to 2024: A overall increase with some decline Flow

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.

Change Chart

    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)

    yearNominal GDPGDP per CapitaPPP per CapitaPPP GDPGDP GrowthCurrent AccountSavingsFiscal BalancePopulation
    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