The Gambia vs Liberia: Economic Indicators Comparison
Liberia with a GDP of $3.3B ranked the 164th largest economy in the world, while the Gambia ranked 178th with $1.6B. By GDP 5-years average growth and GDP per capita, Liberia and the Gambia ranked 161st vs 80th and 186th vs 183rd, respectively.
Gross Domestic Product & Income
| Stat |  Gambia |  Liberia |
|---|---|---|
| GDP | $1.6B | $3.3B |
| GDP growth, 1 year | 6.6% | 1.2% |
| GDP growth, 5-years average | 3.3% | 0.6% |
| Population | 2.1M | 4.7M |
| GDP per capita | $716 | $677 |
| GDP per capita growth | 3.45% | -1.23% |
| Purchasing Power Parity conversion factor | 13.2 | 0.52 |
| Price level ratio of PPP conversion factor GDP to market exchange rate | 0.27 | 0.52 |
| GDP per capita, PPP adjusted | $2.8k | $1.4k |
| GNI, Atlas method | $1.6B | $2.9B |
| GNI per capita | $710 | $610 |
| GNI, PPP adjusted | $5.8B | $5.5B |
| GNI per capita, PPP adjusted | $2.6k | $1.1k |
Financial system and Human development
| Stat | Gambia | Liberia |
|---|---|---|
| Income Tax Rate | 35% | 25% |
| Corporate Tax Rate | 32% | 25% |
| Inflation, consumer prices | 6.5% | 23.4% |
| Inflation, GDP deflator | 5.2% | -1.9% |
| Unemployment | 8.9% | 2% |
| Economic Freedom Index | 56.3 | 49 |
| Personal Freedom Index | 5.86 | 6.1 |
| Human Freedom Index | 6.52 | 6.6 |
| Property Rights Index | 43.9 | 31.1 |
| Judical Effectiveness Index | 43.4 | 37.9 |
| Business Freedom Index | 53.5 | 48.2 |
| Fiscal Health Index | 25.3 | 59.7 |
| Labor Freedom Index | 67.4 | 38.2 |
| Investment Freedom Index | 65 | 55 |
| Financial Freedom Index | 50 | 20 |
| Trade Freedom Index | 64.6 | 60.6 |
| Monetary Freedom Index | 63.3 | 62.1 |
| Government Spending Index | 85.6 | 65.5 |
| Tax Burden Index | 74.6 | 86.1 |
| Government Integrity Index | 39.2 | 23.8 |
| Corruption Perceptions Index | 37 | 32 |
| Life expectancy at birth, years | 61.4 | 63.3 |
| Suicide mortality rate, per 100,000 people | 5.1 | 6.8 |
| Mortality caused by road traffic injury, per 100,000 people | 29.7 | 35.9 |
| Intentional homicides, per 100,000 people | 9.1 | 3.2 |
| International tourism, number of arrivals | 552k | N/A |
Government debt & reserves
| Stat | Gambia | Liberia |
|---|---|---|
| Central government debt, % of GDP | 83.2% | 40.5% |
| External debt stocks, % of GNI | 42.7% | 44.7% |
| External debt stocks | $681.4M | $1.3B |
| Short-term debt, % of total reserves | 9.4% | 0% |
| Total debt service, % of exports and primary income | 16.8% | 2.8% |
| Adjusted net savings including particulate emission damage, % of GNI | -12.7% | -99% |
| Gross savings, % of GDP | 8.6% | -64.1% |
| Gross capital formation, % of GDP | 17% | 12.9% |
| Total reserves including gold | $191.8M | $560.3M |
| Foreign direct investment net inflows | $33M | $129.1M |
Exports, imports and economic structure
| Stat | Gambia | Liberia |
|---|---|---|
| Exports of goods and services, % of GDP | 21.9% | 26% |
| Imports of goods and services, % of GDP | 41.5% | 94.3% |
| Current account balance (balance of payments) | -$78.6M | -$674.1M |
| Revenue excluding grants, % of GDP | 10.1% | 15.7% |
| Grants excluding technical cooperation, BoP | $126M | $436.2M |
| Personal remittances received | $203.6M | $459.9M |
| Industry including construction value added, % of GDP | 15.6% | 12.5% |
| Agriculture, forestry and fishing value added, % of GDP | 19.9% | 37.3% |
| Charges for the use of intellectual property, payments BoP | N/A | N/A |
| Charges for the use of intellectual property, receipts BoP | N/A | N/A |
| Expense, % of GDP | 10.7% | 16.5% |
| Government Expenditure, % of GDP | 21.9% | 33.9% |
