Taxes on incomes of individuals and corporations as share of GDP in Liberia
Liberia: Taxes on incomes of individuals and corporations as share of GDP was 5.1% in 2023. ▲ Rising
Latest (2023)
5.1%
Change on year
down 7.4%
World rank
122nd
of 184 countries
All-time high
5.6%
in 2021
All-time low
3.5%
in 2018
Years of data
6
2018–2023
Taxes on incomes of individuals and corporations as share of GDP in Liberia, 2018–2023
Source: UNU-WIDER Government Revenue Dataset (2025) – with major processing by Our World in Data. Measured in %.
Analysis
The most recent figure for taxes on incomes of individuals and corporations as share of gdp in Liberia is 5.1%, measured in 2023.
The figure is down 7.4% on the previous year and up 44.2% over ten years.
That places Liberia 122nd out of 184 countries with data for 2023, putting it in the middle of the range.
Taxes on incomes of individuals and corporations as share of GDP in Liberia, year by year
| Year | % | Change |
|---|---|---|
| 2018 | 3.5% | — |
| 2019 | 3.6% | +2.3% |
| 2020 | 4.9% | +37.0% |
| 2021 | 5.6% | +13.1% |
| 2022 | 5.5% | -1.8% |
| 2023 | 5.1% | -7.4% |
Liberia compared with similar countries
- Liberia's 5.1% is above the median for low income countries, which is 4.1%, 1.2× the median. (21 countries reporting)
- Liberia's 5.1% is above the median for Sub-Saharan Africa, which is 4.7%, 1.1× the median. (45 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 3.6% | 3.5% | 3.6% | 2 |
| 2020s | 5.3% | 4.9% | 5.6% | 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 incomes of individuals and corporations as share of gdp in Liberia?
- Taxes on incomes of individuals and corporations as share of gdp in Liberia was 5.1% in 2023, according to UNU-WIDER Government Revenue Dataset (2025) – with major processing by Our World in Data.
- What is the highest taxes on incomes of individuals and corporations as share of gdp recorded in Liberia?
- The highest recorded value was 5.6% in 2021.
- What is the lowest taxes on incomes of individuals and corporations as share of gdp recorded in Liberia?
- The lowest recorded value was 3.5% in 2018.
- How does Liberia rank for taxes on incomes of individuals and corporations as share of gdp?
- Liberia ranks 122nd out of 184 countries with data for 2023.
- Is taxes on incomes of individuals and corporations as share of gdp rising or falling in Liberia?
- Over the last ten years it is up 44.2%. The long-run trend across the full record is rising.
- 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 incomes of individuals and corporations as share of GDP. Statizoid updates them automatically from the source API.
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About this data
Tax revenue on incomes, profits and capital gains divided by gross domestic product, expressed as a percentage.