The Gross Domestic Product (GDP) in Liberia contracted 2.50 percent in 2019 from the previous year.

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 October of 2020.

GDP Annual Growth Rate in Liberia is expected to reach -3.00 percent by the end of 2020, 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 1.30 percent in 2021 and 2.40 percent in 2022, according to our econometric models.

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Liberia GDP Annual Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
-2.50 1.20 106.28 -51.03 1961 - 2019 percent Yearly

Liberia GDP Last Previous Highest Lowest Unit
GDP Annual Growth Rate -2.50 1.20 106.28 -51.03 percent [+]
GDP 3.22 3.26 3.29 0.13 USD Billion [+]
GDP per capita 516.30 541.30 1682.90 115.80 USD [+]
GDP per capita PPP 1427.80 1497.00 1708.70 1173.30 USD [+]
Gdp Constant Prices 1416.80 932.50 1416.80 710.20 USD Million [+]
Gdp From Agriculture 398.20 242.80 398.20 213.70 USD Million [+]
Gdp From Manufacturing 85.10 62.00 85.10 56.00 USD Million [+]
Gdp From Mining 200.90 109.40 200.90 11.30 USD Million [+]
Gdp From Services 611.90 434.60 611.90 343.20 USD Million [+]

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.