Liberia GDP Per Capita 2024

[ Nominal GDP Per Capita in USD ]

Year -

$851.50

Source: world bank Nominal/PPP
Summary:

Liberia GDP Per Capita expanded from 1960 to 2024, increasing from $167.17 to $851.50 .The compound annual growth rate (CAGR) averaged 2.58% over the period. The economy recorded its peak level in 2024 and its lowest level in 1994. Growth volatility remained high. The maximum drawdown reached 86.12%, indicating the largest cyclical decline from peak levels. The country experienced 8 recession episode(s) during the observed period.

Latest GDP Per Capita of Liberia 2024 – Nominal vs PPP

MetricNominal GDP (Current USD)GDP (PPP, Int$)
Latest Year20242024
Latest GDP Per Capita$ 851.50 dollars$ 1,871.04 Int dollars
Growth (YoY)6.544%4.264%
Net Change vs Previous Year$ 52.30 dollars$ 76.51 Int dollars
% of World GDP Per Capita0.77%0.94%
MeaningNominal GDP Per Capita (Current USD, exchange-rate based)GDP (PPP, cost-of-living adjusted)
Liberia GDP | Liberia GDP Growth

Liberia Annual GDP Per Capita From 1960 to 2024

Source: Worldbank Nominal PPP

NominalPPP
YearDollar $Net Chg $% ChgInt $Net Chg $% Chg
1960167.17-----
1961157.5-9.67-5.783 %---
1962160.282.781.762 %---
1963163.132.851.779 %---
1964173.9310.86.618 %---
1965177.563.642.091 %---
1966184.587.023.954 %---
1967192.157.574.1 %---
1968198.656.53.381 %---
1969214.7216.078.09 %---
1970220.295.582.597 %---
1971227.086.783.08 %---
1972238.6111.535.079 %---
1973244.365.752.41 %---
1974299.4155.0522.529 %---
1975345.6546.2415.442 %---
1976347.51.850.535 %---
1977381.0933.599.666 %---
1978394.4713.383.511 %---
1979434.740.2310.199 %---
1980443.038.331.916 %---
1981426.05-16.97-3.831 %---
1982422.45-3.61-0.847 %---
1983390.76-31.69-7.501 %---
1984390.41-0.35-0.09 %---
1985379.95-10.46-2.678 %---
1986364.29-15.66-4.122 %---
1987409.2244.9312.333 %---
1988424.3315.113.692 %---
1989312.29-112.04-26.403 %---
1990172.87-139.42-44.645 %786.53--
1991177.8752.892 %792.696.160.784 %
1992107.84-70.02-39.369 %496.85-295.84-37.321 %
199374.43-33.42-30.985 %327.83-169.02-34.019 %
199461.49-12.94-17.382 %262.6-65.23-19.899 %
199562.140.651.063 %254.39-8.21-3.126 %
199671.419.2614.905 %282.2327.8410.945 %
1997122.6351.2271.732 %547.88265.6594.123 %
1998134.6812.059.824 %651.93104.0518.991 %
1999156.5721.916.26 %761.66109.7416.833 %
2000298.49141.9190.636 %965.4203.7326.748 %
2001300.461.980.663 %986.5721.182.194 %
2002299.54-0.93-0.309 %1012.9226.352.67 %
2003239.78-59.76-19.95 %715.82-297.1-29.331 %
2004284.1444.3618.501 %745.429.584.132 %
2005287.493.351.178 %774.0328.633.842 %
2006320.5633.0711.503 %815.2241.195.321 %
2007374.2153.6516.737 %872.5857.377.037 %
2008451.7177.520.711 %915.0542.474.867 %
2009448.39-3.33-0.737 %939.524.442.671 %
2010492.2543.879.783 %980.1240.624.324 %
2011568.0975.8415.406 %1040.7660.646.187 %
2012638.3770.2812.371 %1156.95116.1911.164 %
2013710.7472.3811.338 %1360.13203.1817.561 %
2014706.71-4.03-0.567 %1418.7758.644.312 %
2015692.59-14.12-1.999 %1340.43-78.34-5.522 %
2016714.6122.023.18 %1490.34149.911.183 %
2017699.27-15.34-2.147 %1664.94174.6111.716 %
2018692.2-7.07-1.01 %1799.73134.788.095 %
2019658.16-34.04-4.917 %1899.5299.795.545 %
2020616.79-41.38-6.287 %1659.52-240-12.635 %
2021667.9751.188.298 %1539.21-120.31-7.25 %
2022744.6276.6511.475 %1691.57152.369.899 %
2023799.1954.587.33 %1794.53102.966.087 %
2024851.552.36.544 %1871.0476.514.264 %

Liberia Economic Phases (1960 - 2024)

From 1960 to 2024, Liberia economy moved through multiple cyclical phases marked by alternating periods of rapid expansion and contraction.

  • Expansion (1962–1963) indicating steady moderate growth
  • Expansion (1965–1968) indicating steady moderate growth
  • Expansion (1970–1971) indicating steady moderate growth
  • High Growth (1974–1975) indicating robust economic expansion
  • Contraction (1981–1986) indicating temporary slowdown
  • Crisis (1989–1990) indicating severe economic downturn
  • Crisis (1992–1994) indicating severe economic downturn
  • High Growth (1996–2000) indicating robust economic expansion
  • High Growth (2006–2008) indicating robust economic expansion
  • High Growth (2010–2013) indicating robust economic expansion
  • Contraction (2014–2015) indicating temporary slowdown
  • Contraction (2017–2020) indicating temporary slowdown
  • High Growth (2021–2024) indicating robust economic expansion

The most remarkable growth occurred in 2000 with an increase of 90.636%, while the largest decline was in 1990 at -44.645%.