Liberia - Economic Forecasts - 2018-2020 Outlook

This page has economic forecasts for Liberia including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Liberia economy.


MARKETS Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Currency 154.28
 155 157 158 160 166
GDP Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
GDP Annual Growth Rate 2.50
percent		 4.1 4.2 3.32 1.85 3.87
GDP 2.16
USD Billion		 2.2 2.2 2.2 2.2 2.4
GDP per capita 352.30
USD		 360 360 370 370 370
GDP per capita PPP 752.79
USD		 721 724 551 551 705
LABOUR Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Unemployment Rate 2.40
percent		 2.5 2.5 2.7 2.7 2.7
Population 4.70
Million		 4.77 4.8 4.82 4.85 5.11
PRICES Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Inflation Rate 21.40
percent		 22.7 16.4 15.6 15.6 10
Food Inflation 20.10
percent		 16.05 14.3 13.21 12.54 11.47
Consumer Price Index Cpi 353.88
Index Points		 369 361 377 409 445
Cpi Housing Utilities 165.75
Index Points		 156 157 157 157 157
Cpi Transportation 567.82
Index Points		 486 487 487 487 487
MONEY Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Interest Rate 13.10
percent		 13 13 13 12.5 11
Deposit Interest Rate 3.85
percent		 3.75 3.75 3.75 3.25 1.75
Money Supply M1 57109.41
LRD Million		 61003 62580 63937 64751 68641
Money Supply M2 87003.70
LRD Million		 89086 90129 91924 93721 110619
Central Bank Balance Sheet 125184037.00
LRD Thousand		 101195554 98215035 96081747 94546357 90741870
TRADE Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Balance of Trade -39.00
USD Million		 -44.92 -45.06 -45.06 -45.04 -45.04
Exports 29.90
USD Million		 33.94 33.97 34 34.02 34.02
Imports 68.90
USD Million		 78.86 79.05 79.06 79.06 79.06
Current Account -126.40
USD Million		 -209 -212 -208 -214 -224
Current Account to GDP -15.80
percent		 -35 -35 -32 -32 -30
External Debt 649.00
USD Million		 655 655 655 655 655
Terrorism Index 0.13
 0.26 0.13 0.11 0.1 0.53
GOVERNMENT Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Government Debt to GDP 28.80
percent		 25 25 21 21 19
Government Budget -4.10
percent of GDP		 -4.51 -3.75 -4.62 -5.48 -4.57
Military Expenditure 13.40
USD Million		 13.73 13.62 13.57 13.53 13.91
BUSINESS Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Internet Speed 1810.27
KBps		 1847 2015 1929 1818 1743
IP Addresses 43914.00
IP		 2896 2267 2094 1910 1627
Ease of Doing Business 172.00
 181 184 181 178 174
Cement Production 21863.00
Tonnes		 26078 25554 28158 28361 27834
Competitiveness Index 3.08
Points		 3.24 3.24 3.16 3.13 3.22
Competitiveness Rank 134.00
 127 127 128 128 124
Corruption Index 31.00
Points		 33 32 32 32 29
Corruption Rank 122.00
 123 126 125 123 126
CLIMATE Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Temperature 24.71
celsius		 24.39 25.25 26.18 26.23 25.99