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Government Finance of Liberia

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Overview Economy Population Trade Government Finance Society Environment

Tax Revenue Composition

28.0% 9.4% 54.3%
  • Personal income taxes: 28.0%
  • Corporate income taxes: 9.4%
  • Property taxes: 0.9%
  • Goods and services taxes: 54.3%
  • Other taxes: 0.2%
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Personal income taxes
28.0%
Corporate income taxes
9.4%
Property taxes
0.9%
Goods and services taxes
54.3%
Other taxes
0.2%

Source: OECD Global Revenue Statistics Database, 2024.

Government Debt

Government Gross Debt (% of GDP) 53.8% #89 / 184 2026
Government Gross Debt (Local currency - LRD) 3.04B - 2026
Government Net Debt (% of GDP) 53.8% #30 / 86 2026
Government Net Debt (Local currency - LRD) 3.04B - 2026

Fiscal Balance

Fiscal Balance (% of GDP) -1.6% #58 / 189 2026
Fiscal Balance (Local currency - LRD) -92M - 2026
Primary Fiscal Balance (% of GDP) -0.4% #67 / 182 2026
Primary Fiscal Balance (Local currency - LRD) -22M - 2026

Revenue and Spending

Government Revenue (% of GDP) 20.7% #129 / 189 2026
Government Revenue (Local currency - LRD) 1.17B - 2026
Government Spending (% of GDP) 22.3% #142 / 189 2026
Government Spending (Local currency - LRD) 1.26B - 2026

International Reserves

Total Reserves (USD) 368M #154 / 163 2024

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