Gross Domestic Product — Value Standard Local Currency in Liberia
Liberia: Gross Domestic Product — Value Standard Local Currency was 5,452 million SLC in 2024. ◆ Volatile
Gross Domestic Product — Value Standard Local Currency in Liberia, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
In 2024, gross domestic product — value standard local currency in Liberia stood at 5,452 million SLC. That is the highest value across all 55 years on record.
That represents a change of up 8.2% on the previous year and up 134.8% over ten years.
Over the whole period, gross domestic product — value standard local currency in Liberia peaked at 5,452 million SLC in 2024 and was at its lowest, 204.7 million SLC, in 1994.
Liberia ranks 196th of 218 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Domestic Product — Value Standard Local Currency in Liberia, year by year
| Year | million SLC | Change |
|---|---|---|
| 1970 | 316.5 million SLC | — |
| 1971 | 333.73 million SLC | +5.4% |
| 1972 | 361.67 million SLC | +8.4% |
| 1973 | 422.9 million SLC | +16.9% |
| 1974 | 517.36 million SLC | +22.3% |
| 1975 | 621.81 million SLC | +20.2% |
| 1976 | 644.35 million SLC | +3.6% |
| 1977 | 720.34 million SLC | +11.8% |
| 1978 | 789.2 million SLC | +9.6% |
| 1979 | 909.15 million SLC | +15.2% |
| 1980 | 934.96 million SLC | +2.8% |
| 1981 | 1,075 million SLC | +15.0% |
| 1982 | 1,115 million SLC | +3.7% |
| 1983 | 1,107 million SLC | -0.7% |
| 1984 | 1,092 million SLC | -1.4% |
| 1985 | 1,076 million SLC | -1.4% |
| 1986 | 1,058 million SLC | -1.7% |
| 1987 | 1,111 million SLC | +5.0% |
| 1988 | 1,182 million SLC | +6.3% |
| 1989 | 1,218 million SLC | +3.0% |
| 1990 | 595.21 million SLC | -51.1% |
| 1991 | 538.84 million SLC | -9.5% |
| 1992 | 346.07 million SLC | -35.8% |
| 1993 | 248.36 million SLC | -28.2% |
| 1994 | 204.7 million SLC | -17.6% |
| 1995 | 208.72 million SLC | +2.0% |
| 1996 | 246.81 million SLC | +18.2% |
| 1997 | 418.61 million SLC | +69.6% |
| 1998 | 510.98 million SLC | +22.1% |
| 1999 | 616 million SLC | +20.6% |
| 2000 | 644.94 million SLC | +4.7% |
| 2001 | 637.81 million SLC | -1.1% |
| 2002 | 686.68 million SLC | +7.7% |
| 2003 | 529.06 million SLC | -23.0% |
| 2004 | 643.92 million SLC | +21.7% |
| 2005 | 706.23 million SLC | +9.7% |
| 2006 | 826.65 million SLC | +17.1% |
| 2007 | 975.32 million SLC | +18.0% |
| 2008 | 1,147 million SLC | +17.6% |
| 2009 | 1,220 million SLC | +6.3% |
| 2010 | 1,383 million SLC | +13.4% |
| 2011 | 1,670 million SLC | +20.7% |
| 2012 | 1,908 million SLC | +14.3% |
| 2013 | 2,160 million SLC | +13.2% |
| 2014 | 2,322 million SLC | +7.5% |
| 2015 | 3,060 million SLC | +31.8% |
| 2016 | 3,205 million SLC | +4.7% |
| 2017 | 3,204 million SLC | -0.0% |
| 2018 | 3,241 million SLC | +1.2% |
| 2019 | 3,162 million SLC | -2.4% |
| 2020 | 3,461 million SLC | +9.4% |
| 2021 | 4,125 million SLC | +19.2% |
| 2022 | 4,562 million SLC | +10.6% |
| 2023 | 5,039 million SLC | +10.5% |
| 2024 | 5,452 million SLC | +8.2% |
Liberia compared with similar countries
- Liberia's 5,452 million SLC is below the median for low income countries, which is 11.93 million million SLC, 0% of the median. (23 countries reporting)
- Liberia's 5,452 million SLC is below the median for Sub-Saharan Africa, which is 8.81 million million SLC, 0% of the median. (45 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 563.7 million SLC | 316.5 million SLC | 909.15 million SLC | 10 |
| 1980s | 1,097 million SLC | 934.96 million SLC | 1,218 million SLC | 10 |
| 1990s | 393.43 million SLC | 204.7 million SLC | 616 million SLC | 10 |
| 2000s | 801.77 million SLC | 529.06 million SLC | 1,220 million SLC | 10 |
| 2010s | 2,532 million SLC | 1,383 million SLC | 3,241 million SLC | 10 |
| 2020s | 4,528 million SLC | 3,461 million SLC | 5,452 million SLC | 5 |
Countries ranked near Liberia
More economy & growth data for Liberia
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 3.97 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 6.15 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps 74.91 million BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0157 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 13.35 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 471.54 million BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual 51 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0987 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 84.01 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate -7.86 % change on previous year (2025)
Frequently asked questions
- What is gross domestic product — value standard local currency in Liberia?
- Gross domestic product — value standard local currency in Liberia was 5,452 million SLC in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross domestic product — value standard local currency recorded in Liberia?
- The highest recorded value was 5,452 million SLC in 2024.
- What is the lowest gross domestic product — value standard local currency recorded in Liberia?
- The lowest recorded value was 204.7 million SLC in 1994.
- How does Liberia rank for gross domestic product — value standard local currency?
- Liberia ranks 196th out of 218 countries with data for 2024.
- Is gross domestic product — value standard local currency rising or falling in Liberia?
- Over the last ten years it is up 134.8%. The long-run trend across the full record is volatile.
- Where does this Liberia data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Gross Domestic Product — Value Standard Local Currency. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 55 observations, free to reuse under CC BY-NC-SA 3.0 IGO (FAO).
About this data
The FAOSTAT Macro Indicators database provides a selection of country-level macro indicators relating to total economy (Gross Domestic Product, Gross Fixed Capital Formation); agriculture activity; agriculture, forestry and fishing activity; total manufacturing activity; manufacturing of food products and beverages activity; manufacturing activity of tobacco products; and manufacturing activity of food, beverage and tobacco products.It releases time series for a selection of National Accounts variables, including gross domestic product, gross fixed capital formation, industry-level value added and gross output. The database also proposes additional indicators such as gross domestic product per capita, year-on-year growth rates and measures of industry contribution to gross domestic product. All data relating to Gross Domestic Product, Gross Fixed Capital Formation, agriculture, forestry and fishing activity, and to total manufacturing activity originates from the United Nations Statistics Division (UNSD) National Accounts Estimates of Main Aggregates database, which consists of a complete and consistent set of time series of the main National Accounts aggregates of all UN Members States and other territories in the world for which National Accounts information is available. The UNSD database's content is based on the countries' official National Accounts data reported to UNSD through the annual National Accounts Questionnaire, supplemented with data estimates for any years and countries with incomplete or inconsistent information (See http://unstats.un.org/unsd/snaama/Introduction.asp). Data series relating to the sub-industry Agriculture activity are obtained from the UNSD national accounts Official Country Data databases while series on the Manufacturing activity of food and beverages products, manufacturing activity of tobacco products and manufacturing activity of food, beverages and tobacco products originates from the United Nations Industrial Development Organization (UNIDO) INDSTAT2 database. In order to ensure that sub-industry series are consistent in levels with National Accounts based series, which is needed to support comparability across industries (agriculture vs. agro-industry and sub-industries), UNIDO originating series are rescaled on UNSD National Accounts Estimates of Main Aggregates data series (See Section 17.5 for a more detailed description of the data processing steps).