The Gross Domestic Product (GDP) in Liberia contracted 3 percent in 2020 from the previous year. source: Central Bank of Liberia

GDP Annual Growth Rate in Liberia averaged 2.60 percent from 1961 until 2019, reaching an all time high of 106.28 percent in 1997 and a record low of -51.03 percent in 1990. This page provides - Liberia GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Liberia GDP Annual Growth Rate - values, historical data and charts - was last updated on December of 2021.

GDP Annual Growth Rate in Liberia is expected to reach 3.20 percent by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Liberia GDP Annual Growth Rate is projected to trend around 4.00 percent in 2022 and 5.00 percent in 2023, according to our econometric models.

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Liberia GDP Annual Growth Rate

Related Last Previous Unit Reference
GDP Annual Growth Rate -3.00 -2.50 percent Dec/20
Gdp From Services 1193.30 611.90 USD Million Dec/20
Gdp From Mining 462.30 200.90 USD Million Dec/20
Gdp From Manufacturing 186.10 85.10 USD Million Dec/20
Gdp Constant Prices 3086.90 1416.80 USD Million Dec/20
Liberia GDP Annual Growth Rate
Liberia is one of the poorest countries in the world. Large part of the country lacks basic infrastructure such as electricity and water supply as a result of civil wars and economic mismanagement. Yet, in recent years, Liberia’s economy has been steady expanding as mining and rubber industries have been growing. More importantly, Liberia government’s efforts to fight corruption and eliminate bureaucracy seem to be succeeding as business activity and employment have increased.