Source: world bank Nominal/PPP
Summary:
Liberia GDP Per Capita expanded from 1960 to 2024, increasing from $0.19 to $4.78 .The compound annual growth rate (CAGR) averaged 5.17% 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 87.5%, indicating the largest cyclical decline from peak levels. The country experienced 8 recession episode(s) during the observed period.
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
- High Growth (1966–1975) indicating robust economic expansion
- High Growth (1977–1979) indicating robust economic expansion
- Expansion (1984–1985) indicating steady moderate growth
- High Growth (1987–1988) indicating robust economic expansion
- Crisis (1989–1990) indicating severe economic downturn
- Crisis (1992–1994) indicating severe economic downturn
- High Growth (1996–2000) indicating robust economic expansion
- Expansion (2001–2002) indicating steady moderate growth
- High Growth (2004–2008) indicating robust economic expansion
- High Growth (2010–2013) indicating robust economic expansion
- Expansion (2014–2015) indicating steady moderate growth
- Contraction (2019–2020) indicating temporary slowdown
- High Growth (2021–2024) indicating robust economic expansion
The most remarkable growth occurred in 2000 with an increase of 97.827%, while the largest decline was in 1990 at -51.113%.