Liberia Government Debt to GDP
General government gross debt as % of GDP GGXWDG_NGDP
Liberia's government debt to gdp was 55.69% in 2025, ranked 88th globally. This represents a 2.6% decrease from 2024. Data from IMF WEO, covering 2000–2025.
Overview
Liberia's government debt to gdp stood at 55.69% in 2025, a decline of +1.49% from 2024. The IMF projects 55.69% by 2025. Liberia ranked 88th globally.
Liberia’s government debt-to‑GDP ratio has fallen dramatically since its early‑2000s peak, declining from 600.12 in 2003 to a historic low of 20.50 in 2012, before rising again to 55.69 in 2025, placing the country 88th globally. The steep post‑conflict reduction reflects fiscal consolidation and debt‑relief initiatives that cut the debt burden by more than ninety percent over a decade, while the modest rebound after 2012 signals renewed borrowing to finance infrastructure and social programmes. Liberia’s 2025 ratio is closely aligned with Côte d’Ivoire’s 55.60 and slightly below Croatia’s 56.99, suggesting a convergence with other emerging economies that balance growth needs against debt sustainability. The 26‑year series shows that the country can manage debt levels when fiscal discipline is maintained, but any acceleration in borrowing without corresponding revenue gains could reverse the downward trend. Continued prudent budgeting and diversified financing will be essential to keep the ratio on a declining path.
Data & projection
| Year | Government Debt to GDP | YoY change | Rank |
|---|---|---|---|
| 2030* IMF | 48.00% | - | - |
| 2029* IMF | 50.49% | - | - |
| 2028* IMF | 51.76% | - | - |
| 2027* IMF | 53.22% | - | - |
| 2026* IMF | 54.24% | - | - |
| 2025* IMF | 55.69% | - | - |
| 2025 | 55.69% | −1.49% | #88 |
| 2024 | 57.18% | −0.64% | #97 |
| 2023 | 57.82% | +3.53% | #104 |
| 2022 | 54.29% | +1.01% | #96 |
| 2021 | 53.28% | −5.39% | #87 |
| 2020 | 58.67% | +10.12% | #97 |
| 2019 | 48.55% | +11.42% | #93 |
| 2018 | 37.13% | +5.29% | #54 |
| 2017 | 31.84% | +3.23% | #41 |
| 2016 | 28.61% | +3.84% | #38 |
| 2015 | 24.77% | +0.44% | #33 |
| 2014 | 24.33% | +3.72% | #39 |
| 2013 | 20.61% | +0.11% | #34 |
| 2012 | 20.50% | −2.02% | #39 |
| 2011 | 22.52% | −2.88% | #43 |
Detected Pattern
Analysis
Liberia matched the Fiscal Dominance Trap pattern in 2008. Historically, 72% of countries showing this pattern (278 out of 386) saw government debt to gdp improve within 24 months. View full analysis →
Frequently Asked Questions
Liberia's government debt to gdp was 55.69% in 2025. Ranked 88th globally. This represents a 2.6% decrease from the previous year.
Liberia's government debt to gdp peaked at 600.12% in 2003.
The lowest government debt to gdp in Liberia was 20.50% in 2012.
Liberia ranks 88th globally in government debt to gdp as of 2025.
The World Bank indicator code is GGXWDG_NGDP. Data sourced from IMF WEO.
Liberia's government debt to gdp is projected to reach 55.69% by 2025 based on IMF projection.
The government debt to gdp of Liberia in 2025 was 55.69%. This ranks 88th in the world.
Cite this page
@misc{historysaid_liberia_government-debt-to-gdp,
title = {Liberia Government Debt to GDP},
url = {https://historysaid.com/liberia/government-debt-to-gdp/},
publisher = {HistorySaid},
year = {2026}
}