Taxes on income vs. taxes on goods and services in Liberia
Liberia: Taxes on income vs. taxes on goods and services was 1.5% in 2023. ▼ Falling
Taxes on income vs. taxes on goods and services in Liberia, 2018–2023
Source: UNU-WIDER Government Revenue Dataset (2025) – with major processing by Our World in Data. Measured in % of GDP.
Analysis
The most recent figure for taxes on income vs. taxes on goods and services in Liberia is 1.5%, measured in 2023.
Compared with earlier readings it is up 1.3% on the previous year and down 28.9% over ten years.
That places Liberia 180th out of 187 countries with data for 2023, putting it in the bottom quarter.
Taxes on income vs. taxes on goods and services in Liberia, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2018 | 2.1% | — |
| 2019 | 2.1% | +1.4% |
| 2020 | 2.3% | +6.0% |
| 2021 | 1.9% | -14.7% |
| 2022 | 1.5% | -23.4% |
| 2023 | 1.5% | +1.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 2.1% | 2.1% | 2.1% | 2 |
| 2020s | 1.8% | 1.5% | 2.3% | 4 |
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 taxes on income vs. taxes on goods and services in Liberia?
- Taxes on income vs. taxes on goods and services in Liberia was 1.5% in 2023, according to UNU-WIDER Government Revenue Dataset (2025) – with major processing by Our World in Data.
- What is the highest taxes on income vs. taxes on goods and services recorded in Liberia?
- The highest recorded value was 2.3% in 2020.
- What is the lowest taxes on income vs. taxes on goods and services recorded in Liberia?
- The lowest recorded value was 1.5% in 2022.
- How does Liberia rank for taxes on income vs. taxes on goods and services?
- Liberia ranks 180th out of 187 countries with data for 2023.
- Is taxes on income vs. taxes on goods and services rising or falling in Liberia?
- Over the last ten years it is down 28.9%. The long-run trend across the full record is falling.
- Where does this Liberia data come from?
- The figures come from UNU-WIDER Government Revenue Dataset (2025) – with major processing by Our World in Data, published as part of Taxes on income vs. taxes on goods and services. Statizoid updates them automatically from the source API.
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About this data
Total taxes on income (individual and corporate) vs. total taxes on goods and services (including VAT and sales taxes), as a share of GDP.