The Gross Domestic Product (GDP) in Liberia expanded 3.10 percent in 2018 from the previous year. GDP Annual Growth Rate in Liberia averaged 2.72 percent from 1961 until 2018, reaching an all time high of 106.28 percent in 1997 and a record low of -51.03 percent in 1990.

GDP Annual Growth Rate in Liberia is expected to be 0.40 percent by the end of this quarter, 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 1.80 percent in 2020, according to our econometric models.

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Liberia GDP Annual Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
3.10 2.50 106.28 -51.03 1961 - 2018 percent Yearly

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.

Liberia GDP Last Previous Highest Lowest Unit
GDP Annual Growth Rate 3.10 2.50 106.28 -51.03 percent [+]
GDP 3.25 3.29 3.29 0.13 USD Billion [+]
GDP per capita 541.30 548.00 1682.90 115.80 USD [+]
GDP per capita PPP 1161.20 1175.60 1325.40 247.40 USD [+]
Gdp Constant Prices 932.50 904.10 932.50 710.20 USD Million [+]
Gdp From Agriculture 242.80 236.30 242.80 213.70 USD Million [+]
Gdp From Manufacturing 62.00 61.00 64.90 56.00 USD Million [+]
Gdp From Mining 109.40 89.30 123.10 11.30 USD Million [+]
Gdp From Services 434.60 429.40 434.60 343.20 USD Million [+]