Liberia GDP Annual Growth Rate

The Gross Domestic Product (GDP) in Liberia expanded 8.90 percent in 2012 from the previous year. GDP Annual Growth Rate in Liberia is reported by the Central Bank of Liberia. GDP Annual Growth Rate in Liberia averaged 2.82 Percent from 1961 until 2012, reaching an all time high of 106.28 Percent in 1997 and a record low of -51.03 Percent in 1990. Liberia is one of the poorest countries in the world. Large part of the country lacks basic infrastructure such as electricity and water supply as a result of civil wars and economic mismanagement. Yet, in recent years, Liberia’s economy has been steady expanding as mining and rubber industries have been growing. More importantly, Liberia government’s efforts to fight corruption and eliminate bureaucracy seem to be succeeding as business activity and employment have increased. This page provides - Liberia GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-23

Actual Previous Highest Lowest Forecast Dates Unit Frequency
8.10 8.90 106.28 -51.03 8.35 | 2014/06 1961 - 2013 Percent Yearly

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Liberia GDP Annual Growth Rate
LIST BY COUNTRY

GDP Last Previous Highest Lowest Forecast Unit
GDP 1.77 2012-12-31 1.54 1.77 0.13 2.15 2014-06-30 USD Billion [+]
GDP Annual Growth Rate 8.10 2013-12-31 8.90 106.28 -51.03 8.35 2014-06-30 Percent [+]
GDP per capita 277.94 2012-12-31 257.61 727.76 50.04 305.53 2014-06-30 USD [+]
GDP per capita PPP 564.29 2012-12-31 523.01 1283.11 101.60 620.30 2014-06-30 USD [+]
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GDP Annual Growth Rate | Notes
The annual growth rate in Gross Domestic Product measures the increase in value of the goods and services produced by an economy over the period of a year. Therefore, unlike the commonly used quarterly GDP growth rate the annual GDP growth rate takes into account a full year of economic activity, thus avoiding the need to make any type of seasonal adjustment.


RELATED NEWS

Liberia GDP Annual Growth Rate at 8.10 Percent  
The Gross Domestic Product (GDP) in Liberia expanded 8.90 percent in 2012 from the previous year. GDP Annual Growth Rate in Liberia is reported by the Central Bank of Liberia.
Liberia Current Account to GDP at -60.50 Percent  
Liberia recorded a Current Account deficit of 60.50 percent of the country's Gross Domestic Product in 2013. Current Account to GDP in Liberia is reported by the Central Bank of Liberia.
Liberia Current Account at -314.10 USD Million  
Liberia recorded a Current Account deficit of 314.10 USD Million in the fourth quarter of 2013. Current Account in Liberia is reported by the Central Bank of Liberia.
Liberia Balance of Trade at -33.40 USD Million  
Liberia recorded a trade deficit of 33.40 USD Million in December of 2013. Balance of Trade in Liberia is reported by the Central Bank of Liberia.
Liberia Interest Rate at 13.73 Percent  
The benchmark interest rate in Liberia was last recorded at 13.73 percent. Interest Rate in Liberia is reported by the Central Bank of Liberia.
Liberia Imports at 85.90 USD Million  
Imports in Liberia decreased to 85.90 USD Million in December of 2013 from 95 USD Million in November of 2013. Imports in Liberia is reported by the Central Bank of Liberia.
Liberia Exports at 52.50 USD Million  
Exports in Liberia decreased to 52.50 USD Million in December of 2013 from 59.60 USD Million in November of 2013. Exports in Liberia is reported by the Central Bank of Liberia.
Liberia Inflation Rate at 8.50 Percent  
The inflation rate in Liberia was recorded at 8.50 percent in December of 2013. Inflation Rate in Liberia is reported by the Central Bank of Liberia.
Liberia Government Budget at -0.70 Percent of GDP  
Liberia recorded a Government Budget deficit equal to 0.70 percent of the country's Gross Domestic Product in 2012. Government Budget in Liberia is reported by the Central Bank of Liberia.
Liberia GDP per capita at 277.94 USD  
The Gross Domestic Product per capita in Liberia was last recorded at 277.94 US dollars in 2012. The GDP per Capita in Liberia is equivalent to 2 percent of the worlds average. GDP per capita in Liberia is reported by the World Bank.
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