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Economy of Cambodia vs Liberia compared: GDP & Debt

Updated on by Georank

Cambodia has a GDP of $51.3B compared to $5.25B for Liberia, ranking 94/197 and 162/197 by economy size, respectively.

Cambodia has $13.6B in government debt (26.5% of GDP), compared to $2.88B (54.9% of GDP) in Liberia.

Cambodia vs Liberia GDP by year

Cambodia
Liberia
1x
Year GDP, current $
Cambodia Liberia
2025 $51,267,065,843 $5,245,938,900
2024 $46,352,647,037 $4,779,300,900
2023 $42,335,646,896 $4,390,000,000
2022 $39,994,532,960 $4,001,047,000
2021 $36,790,163,687 $3,513,049,500
2020 $34,818,073,901 $3,176,126,300
2019 $36,685,356,408 $3,319,596,500
2018 $33,145,892,169 $3,422,754,800
2017 $29,355,665,910 $3,390,703,400
2016 $26,556,545,153 $3,398,419,600
2015 $24,174,170,369 $3,227,075,700
2014 $22,041,463,968 $3,225,652,000
2013 $19,807,135,253 $3,177,198,100
2012 $17,826,536,700 $2,791,614,000
2011 $16,032,622,024 $2,398,000,000
2010 $13,808,673,288 $1,998,000,000
2009 $12,502,901,170 $1,768,000,000
2008 $12,174,303,999 $1,726,000,000
2007 $10,127,916,460 $1,373,000,000
2006 $8,350,531,017 $1,119,000,000
2005 $7,066,296,463 $949,000,000
2004 $5,883,297,160 $897,000,000
2003 $5,046,693,484 $748,000,000
2002 $4,501,227,627 $927,000,000
2001 $4,145,665,970 $906,000,000
2000 $3,694,168,979 $874,000,000
1999 $3,517,242,477 $441,800,000
1998 $3,120,425,503 $359,600,000
1997 $3,443,413,389 $295,900,000
1996 $3,506,695,720 $159,400,000
1995 $3,441,205,693 $134,800,000
1994 $2,791,435,272 $132,200,000
1993 $2,533,727,592 $160,400,000
1992 $2,491,486,594 $223,500,000
1991 $2,054,974,089 $348,000,000
1990 $1,402,541,177 $384,400,000
1989 $1,353,137,648 $786,300,000
1988 $1,662,877,859 $1,038,300,000
1987 $1,036,974,910 $972,800,000
1986 $1,167,630,318 $840,964,400
1985 $1,102,669,184 $851,296,100
1984 $1,021,176,059 $848,478,300
1983 $939,291,262 $823,374,900
1982 $865,516,040 $863,933,200
1981 $815,153,652 $846,514,500
1980 $744,384,130 $854,711,500
1979 $723,738,503 $814,067,900
1978 $766,642,356 $717,240,400
1977 $716,261,764 $673,010,600
1976 $790,357,255 $596,675,700
1975 $749,129,748 $577,549,300
1974 - $486,955,000
1973 - $386,968,300
1972 - $368,098,000
1971 - $341,543,100
1970 - $323,099,700
1969 - $306,961,800
1968 - $276,820,700
1967 - $261,024,300
1966 - $244,459,500
1965 - $229,260,800
1964 - $218,929,100
1963 - $200,229,600
1962 - $191,861,800
1961 - $183,920,900
1960 - $190,495,600

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

GeoRank.org/economy/cambodia/liberia | CC BY

GDP per capita in Cambodia vs Liberia by year

Cambodia
GDP per capita

GDP per capita, PPP
Liberia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Cambodia Liberia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $2,872 - $915 -
2024 $2,628 $7,967 $851 $1,871
2023 $2,430 $7,431 $799 $1,795
2022 $2,325 $6,919 $745 $1,692
2021 $2,167 $6,226 $668 $1,539
2020 $2,082 $5,942 $617 $1,660
2019 $2,226 $6,154 $658 $1,900
2018 $2,037 $5,617 $692 $1,800
2017 $1,826 $5,050 $699 $1,665
2016 $1,675 $4,748 $715 $1,490
2015 $1,547 $4,434 $693 $1,340
2014 $1,432 $4,118 $707 $1,419
2013 $1,306 $3,891 $711 $1,360
2012 $1,193 $3,583 $638 $1,157
2011 $1,089 $3,223 $568 $1,041
2010 $952 $2,989 $492 $980
2009 $876 $2,854 $448 $939
2008 $866 $2,769 $452 $915
2007 $732 $2,566 $374 $873
2006 $612 $2,297 $321 $815
2005 $526 $2,038 $287.5 $774
2004 $444 $1,770 $284.1 $745
2003 $387 $1,598 $239.8 $716
2002 $350 $1,442 $299.5 $1,013
2001 $328 $1,357 $300 $987
2000 $296.4 $1,256 $298.5 $965
1999 $286.8 $1,134 $156.6 $762
1998 $258.8 $1,009 $134.7 $652
1997 $297.6 $994 $122.6 $548
1996 $325 $1,006 $71.4 $282.2
1995 $343 $1,006 $62.1 $254.4
1994 $302 $972 $61.5 $262.6
1993 $294.1 $1,565 $74.4 $328
1992 $307 $1,560 $107.8 $497
1991 $267.3 $1,504 $177.9 $793
1990 $190.2 $1,410 $172.9 $787
1989 $191.3 - $312 -
1988 $244.1 - $424 -
1987 $158.1 - $409 -
1986 $185.8 - $364 -
1985 $182.4 - $380 -
1984 $174.7 - $390 -
1983 $166.7 - $391 -
1982 $159.2 - $422 -
1981 $154.3 - $426 -
1980 $143.2 - $443 -
1979 $142.2 - $435 -
1978 $147.1 - $394 -
1977 $126.4 - $381 -
1976 $128.8 - $347 -
1975 $113.8 - $346 -
1974 - - $299.4 -
1973 - - $244.4 -
1972 - - $238.6 -
1971 - - $227.1 -
1970 - - $220.3 -
1969 - - $214.7 -
1968 - - $198.6 -
1967 - - $192.2 -
1966 - - $184.6 -
1965 - - $177.6 -
1964 - - $173.9 -
1963 - - $163.1 -
1962 - - $160.3 -
1961 - - $157.5 -
1960 - - $167.2 -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

GeoRank.org/economy/cambodia/liberia | CC BY

Cambodia's GDP per capita is $2,872, ranking 148/197, compared to $915 in Liberia, ranking 184/197. Adjusted for purchasing power (GDP per capita PPP), Cambodia ranks 142nd at $7,967, while Liberia ranks 188th at $1,871.

Economic indicators

Cambodia Liberia
Gross domestic product
$51.3B
2025
$5.25B
2025
GDP rank
94/197
2025
162/197
2025
GDP growth
5.35%
2024-2025
5.02%
2024-2025
GDP per capita
$2,872
2025
$915
2025
GDP per capita rank
148/197
2025
184/197
2025
GDP per capita, PPP
$7,967
2024
$1,871
2024
GDP per capita PPP rank
142/197
2024
188/197
2024
Government debt
$13.6B
2025
$2.88B
2025
Debt-to-GDP ratio
26.5%
2025
54.9%
2025
Government debt per person
$760
2025
$502
2025
Government debt per person rank
153/185
2025
167/185
2025
Average annual personal income after taxes
$2,268
2026
$1,467
2026
Income share by richest 10% n/a
27.1%
2016
Income share by poorest 10% n/a
2.9%
2016
Government expenditure, % of GDP
16.3%
2025
22.4%
2025
Consumer prices inflation
2.5%
2024-2025
8.3%
2024-2025
Unemployment rate
0.26%
2023
5.93%
2017
Population
18159213
5916561

Spending and national debt comparison by year

Cambodia
Spending

Debt
Liberia
Spending

Debt
1x
Year % of GDP
Cambodia Liberia
Government spending Government debt Government spending Government debt
2025 16.3% 26.5% 22.4% 54.9%
2024 16.6% 26.1% 24.1% 56.4%
2023 19.1% 26.3% 28.6% 57.2%
2022 18.5% 25.3% 27.4% 54.4%
2021 21.4% 26.4% 29.8% 53.5%
2020 20.5% 25.5% 35.3% 58.5%
2019 17.9% 21.2% 32.3% 48.1%
2018 16.2% 21.3% 32.7% 36.2%
2017 16.3% 22.9% 35.1% 31.8%
2016 15.3% 22% 35.8% 28%
2015 14.5% 23.4% 37.1% 24.4%
2014 16.4% 24% 33.4% 24.3%
2013 16.5% 24.6% 27.4% 20.6%
2012 17.2% 25% 30.8% 20.5%
2011 16.4% 23.7% 29.8% 22.5%
2010 17.1% 23.5% 25.1% 25.4%
2009 16.6% 23.1% 24% 132.2%
2008 12.9% 22.7% 21.8% 235.3%
2007 12.4% 25.3% 16.1% 367%
2006 11.2% 26.6% 10.6% 451%
2005 10.8% 31.3% 11.7% 488%
2004 12.4% 38.1% 12.1% 543%
2003 14.5% 39.6% 8.98% 600%
2002 16% 37.8% 12.7% 464%
2001 14.6% 33.6% 12.1% 465%
2000 14.6% 34.1% 14.5% 468%
1999 13.8% 34.7% - -
1998 13.4% 37.2% - -
1997 12.4% 31.6% - -
1996 15.7% 30.2% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1996–2025, retrieved 2026-07-08).

GeoRank.org/economy/cambodia/liberia | CC BY

In 2025, Cambodia's government spending was $8.36B, accounting for 16.3% of its GDP, while Liberia spent $1.18B, or 22.4% of GDP.

Debt-to-GDP ratio is 26.5% in Cambodia and 54.9% in Liberia, ranking 166/185 and 90/185, respectively.

Government deficit by year

Deficit/surplus
Cambodia

Liberia
1x
Year Deficit/surplus, % of GDP
Cambodia Liberia
2025 -1% -1.41%
2024 -1.45% -1.8%
2023 -2.83% -8.55%
2022 -0.29% -5.82%
2021 -5.27% -2.5%
2020 -2.56% -4.02%
2019 2.23% -4.92%
2018 0.28% -4.7%
2017 -0.77% -7.14%
2016 -0.29% -3.83%
2015 -0.65% -3.74%
2014 -1.24% -4.92%
2013 -2.02% 1.29%
2012 -3.58% -2.86%
2011 -3.75% -4.39%
2010 -3.11% 1.16%
2009 -3.88% -1.4%
2008 0.42% -2.7%
2007 0.63% 2.28%
2006 -0.15% 4.23%
2005 -0.34% -0.51%
2004 -3.18% -0.56%
2003 -5.67% 0.36%
2002 -6.06% -1.57%
2001 -4.96% -0.94%
2000 -4.66% -0.08%
1999 -3.8% -
1998 -5.36% -
1997 -3.72% -
1996 -7.54% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1996–2025, retrieved 2026-07-08).

GeoRank.org/economy/cambodia/liberia | CC BY

In 2025, Cambodia's government deficit, the difference between spending and revenue, was $513M, equivalent to 1% of GDP. This compares to Liberia's deficit of $74.2M, or 1.41% of GDP.

Over the past 26 years, Cambodia recorded a fiscal deficit in 22 of those years, while Liberia ran a deficit in 21 years. On average, Cambodia posted an annual deficit equal to 2.08% of GDP, compared to deficit of 2.27% of GDP for Liberia.

Inflation comparison by year

Inflation
Cambodia

Liberia
1x
Year Consumer prices inflation
Cambodia Liberia
2025 2.5% 8.3%
2024 0.8% 8.2%
2023 2.1% 10.1%
2022 5.3% 7.6%
2021 2.9% 7.8%
2020 2.9% 17%
2019 1.9% 27%
2018 2.5% 23.5%
2017 2.9% 12.4%
2016 3% 8.8%
2015 1.2% 7.7%
2014 3.9% 9.9%
2013 2.9% 7.6%
2012 2.9% 6.8%
2011 5.5% 8.5%
2010 4% 7.3%
2009 -0.7% 7.4%
2008 25% 17.5%
2007 7.7% 11.4%
2006 6.1% 9.5%
2005 6.3% 6.9%
2004 3.9% 3.6%
2003 1% 10.3%
2002 0% 14.2%
2001 -0.1% 12.1%
2000 -0.8% 5.3%
1999 2% 2%
1998 12.9% -
1997 10.5% -

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2025, retrieved 2026-07-08).

GeoRank.org/economy/cambodia/liberia | CC BY

Over the past 27 years, Cambodia has recorded an average annual inflation rate of 3.61%, compared with 10.3% in Liberia. In 2025, inflation was 2.5% in Cambodia and 8.3% in Liberia.

Top exports between countries

Cambodia
Export category Export value
Textiles & consumer goods $218K
Raw agricultural goods $47K
Miscellaneous $4K
Liberia
Export category Export value
Machinery & equipment $123K

Balance of trade

Cambodia Liberia
Current account balance
-$1.87B
2025
$120M
2024
Current account balance ranking
139/190
2025
62/190
2024
Current account balance, % of GDP
-3.64%
2025
+2.51%
2024
Goods imports
$36.9B
2025
$1.51B
2024
Goods exports
$31.4B
2025
$1.31B
2024
Service imports
$3.22B
2025
$253M
2024
Service exports
$5.35B
2025
$42.6M
2024
Imports of goods and services, % of GDP
67.4%
2025
n/a
Exports of goods and services, % of GDP
68.6%
2025
28.5%
2026

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

Cambodia Liberia
Economic freedom 58.7 49.8
Economic freedom ranking 108/197 163/197
Property rights 38.1 40.4
Government integrity 18.9 25.8
Judicial effectiveness 21.2 23.4
Tax burden 90.3 86.1
Government spending 89.9 79.5
Fiscal health 92.7 56.9
Business freedom 60.8 38
Labor freedom 48.3 43.4
Monetary freedom 77 71.4
Trade freedom 67.8 57.4
Investment freedom 50 55
Financial freedom 50 20

Economic freedom comparison by year

Cambodia
Liberia
1x
Year Economic freedom index
Cambodia Liberia
2026 58.7 49.8
2025 58.2 48.5
2024 55.6 49.9
2023 56.5 49.6
2022 57.1 47.9
2021 57.3 49.2
2020 57.3 49
2019 57.8 49.7
2018 58.7 50.9
2017 59.5 49.1
2016 57.9 52.2
2015 57.5 52.7
2014 57.4 52.4
2013 58.5 49.3
2012 57.6 48.6
2011 57.9 46.5
2010 56.6 46.2
2009 56.6 48.1
2008 55.9 -
2007 55.9 -
2006 56.7 -
2005 60 -
2004 61.1 -
2003 63.7 -
2002 60.7 -
2001 59.6 -
2000 59.3 -
1999 59.9 -
1998 59.8 -
1997 52.8 -

Data sources: The Heritage Foundation | Economic Freedom Index (1997–2026, retrieved 2026-07-08).

GeoRank.org/economy/cambodia/liberia | CC BY

The Economic Freedom Index for Cambodia is 58.7, ranking 108/197, compared to 49.8 for Liberia, ranking 163/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Cambodia Liberia
Services, % of GDP
35%
2025
40%
2025
Industry, % of GDP
43.1%
2025
24.5%
2025
Agriculture, forestry, and fishing, % of GDP
16.1%
2025
32.7%
2025
GNI, Atlas method
$49.1B
2025
$4.76B
2025
GNI per capita, PPP
$8,390
2025
$1,840
2025
Total reserves including gold
$27.5B
2025
$339M
2025
Total reserves ranking
60/177
2025
166/177
2025
Net foreign direct investment
-$4.96B
2025
-$397M
2024
Net inflows of foreign direct investment
$4.39B
2024
$472M
2024
Net outflows of foreign direct investment
$172M
2024
$74.9M
2024
Servicing debt to the IMF, % of GNI
7.41%
2024
3.12%
2024
Poverty at national poverty lines
17.7%
2012
50.9%
2016
Gross capital formation, % of GDP
31.5%
2025
n/a

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

GeoRank.org/economy/cambodia/liberia | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1996–2025, retrieved 2026-07-08)
  3. The Heritage Foundation | Economic Freedom Index (1997–2026, retrieved 2026-07-08)
  4. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  5. TradeMap (2020–2025, retrieved 2026-07-08)
  6. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  7. LivingCost (2026, retrieved 2026-07-08)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.