Liberia Credit to GDP
Domestic credit to private sector as % of GDP FS.AST.PRVT.GD.ZS
Liberia's credit to gdp was 11.58% in 2025, ranked 138th globally. This represents a 21.7% decrease from 2024. Data from World Bank, covering 1974–2025.
Overview
Liberia's credit to gdp stood at 11.58% in 2025, a decline of +3.20% from 2022. Based on recent trends, this figure is projected to reach 11.58% by 2025. Liberia ranked 138th globally.
Liberia’s credit‑to‑GDP ratio has risen steadily from a modest 0.63 in 1974 to 11.58 in 2025, placing the country 138th in the world and situating it between Tajikistan’s 10.99 and Guinea‑Bissau’s 10.78. The indicator peaked at 16.98 in 2018, a level that reflected a surge in external borrowing during the post‑conflict reconstruction period, before receding to a trough of 0.16 in 1988 amid the civil war and economic collapse. Over the 49‑year coverage span, the long‑term trajectory has been upward, driven by increased access to international capital markets and fiscal consolidation efforts. Compared with peers such as the Democratic Republic of Congo, whose ratio stands at 12.23, Liberia remains slightly lower but follows a similar pattern of gradual credit expansion. Continued reforms in public financial management and diversification of the export base could sustain the modest rise in credit, while any reversal in debt sustainability would likely curb the upward trend.
Data & projection
| Year | Credit to GDP | YoY change | Rank |
|---|---|---|---|
| 2025* trend | 11.58% | - | - |
| 2025 | 11.58% | −3.20% | #138 |
| 2022 | 14.79% | +1.89% | #25 |
| 2021 | 12.90% | −0.52% | #21 |
| 2020 | 13.42% | −0.89% | #22 |
| 2019 | 14.31% | −2.67% | #28 |
| 2018 | 16.98% | +0.22% | #35 |
| 2017 | 16.75% | +3.73% | #36 |
| 2016 | 13.02% | +0.28% | #17 |
| 2015 | 12.74% | +1.30% | #17 |
| 2014 | 11.44% | −0.38% | #16 |
| 2013 | 11.82% | +1.77% | #19 |
| 2012 | 10.05% | −0.33% | #15 |
| 2011 | 10.37% | +1.01% | #20 |
| 2010 | 9.37% | +1.42% | #16 |
| 2009 | 7.95% | +1.82% | #14 |
Detected Pattern
Analysis
Liberia matched the Fiscal Dominance Trap pattern in 2008. Historically, 72% of countries showing this pattern (278 out of 386) saw credit to gdp improve within 24 months. View full analysis →
Frequently Asked Questions
Liberia's credit to gdp was 11.58% in 2025. Ranked 138th globally. This represents a 21.7% decrease from the previous year.
Liberia's credit to gdp peaked at 16.98% in 2018.
The lowest credit to gdp in Liberia was 0.16% in 1988.
Liberia ranks 138th globally in credit to gdp as of 2025.
The World Bank indicator code is FS.AST.PRVT.GD.ZS. Data sourced from World Bank.
Liberia's credit to gdp is projected to reach 11.58% by 2025 based on trend extrapolation.
The credit to gdp of Liberia in 2025 was 11.58%. This ranks 138th in the world.
Cite this page
@misc{historysaid_liberia_credit-to-gdp,
title = {Liberia Credit to GDP},
url = {https://historysaid.com/liberia/credit-to-gdp/},
publisher = {HistorySaid},
year = {2026}
}