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Economy of Kyrgyzstan vs Liberia compared: GDP & Debt

Updated on by Georank team

Kyrgyzstan has a GDP of $17.5B compared to $4.75B for Liberia, ranking 135/197 and 163/197 by economy size, respectively.

Kyrgyzstan has $6.4B in government debt (38.5% of GDP), compared to $2.68B (56.5% of GDP) in Liberia.

The chart below compares the two countries' GDP growth in both current (nominal) and constant dollars, accounting for inflation over time.

Kyrgyzstan
GDP, current $

GDP, constant 2015 $
Liberia
GDP, current $

GDP, constant 2015 $
Year GDP
Kyrgyzstan Liberia
Current $ Constant $ Current $ Constant $
1960 - - $190,495,600 $2,785,350,370
1961 - - $183,920,900 $2,853,312,513
1962 - - $191,861,800 $2,891,678,327
1963 - - $200,229,600 $2,957,448,412
1964 - - $218,929,100 $3,109,815,009
1965 - - $229,260,800 $3,258,892,895
1966 - - $244,459,500 $3,509,914,204
1967 - - $261,024,300 $3,746,685,675
1968 - - $276,820,700 $3,925,360,308
1969 - - $306,961,800 $4,211,459,134
1970 - - $323,099,700 $4,492,076,772
1971 - - $341,543,100 $4,712,405,513
1972 - - $368,098,000 $4,907,522,458
1973 - - $386,968,300 $4,796,809,969
1974 - - $486,955,000 $5,024,811,956
1975 - - $577,549,300 $4,850,521,857
1976 - - $596,675,700 $5,108,120,174
1977 - - $673,010,600 $5,189,236,333
1978 - - $717,240,400 $5,439,161,405
1979 - - $814,067,900 $5,616,740,217
1980 - - $854,711,500 $5,386,545,754
1981 - - $846,514,500 $5,271,448,731
1982 - - $863,933,200 $5,143,197,692
1983 - - $823,374,900 $5,045,638,801
1984 - - $848,478,300 $4,939,311,263
1985 - - $851,296,100 $4,897,657,154
1986 - $4,159,487,047 $840,964,400 $4,815,445,174
1987 - $4,296,748,804 $972,800,000 $4,767,213,639
1988 - $4,863,920,938 $1,038,300,000 $4,669,871,991
1989 - $4,999,612,218 $786,300,000 $3,424,489,545
1990 $2,660,202,623 $5,284,729,935 $384,400,000 $1,676,942,910
1991 $2,542,256,424 $4,864,914,940 $348,000,000 $1,438,394,192
1992 $2,315,346,943 $4,191,715,901 $223,500,000 $933,723,839
1993 $2,026,019,253 $3,543,704,782 $160,400,000 $625,824,712
1994 $1,681,780,847 $2,831,946,048 $132,200,000 $489,630,571
1995 $1,661,147,035 $2,678,346,337 $134,800,000 $468,741,927
1996 $1,827,570,586 $2,868,093,848 $159,400,000 $525,559,091
1997 $1,767,864,036 $3,152,472,635 $295,900,000 $1,084,122,317
1998 $1,645,963,750 $3,219,362,911 $359,600,000 $1,411,615,368
1999 $1,249,061,487 $3,337,056,039 $441,800,000 $1,718,520,972
2000 $1,369,688,498 $3,518,703,233 $874,000,000 $2,210,291,804
2001 $1,525,116,370 $3,705,955,298 $906,000,000 $2,274,838,397
2002 $1,605,643,105 $3,705,313,255 $927,000,000 $2,360,440,967
2003 $1,919,008,090 $3,965,807,641 $748,000,000 $1,648,882,905
2004 $2,211,534,585 $4,244,477,505 $897,000,000 $1,692,081,112
2005 $2,460,246,766 $4,237,027,793 $949,000,000 $1,781,443,511
2006 $2,834,168,889 $4,368,498,476 $1,119,000,000 $1,924,741,223
2007 $3,802,570,553 $4,741,693,830 $1,373,000,000 $2,108,270,598
2008 $5,139,958,909 $5,140,072,740 $1,726,000,000 $2,258,921,103
2009 $4,690,061,381 $5,288,430,380 $1,768,000,000 $2,378,656,131
2010 $4,794,361,863 $5,263,491,909 $1,998,000,000 $2,523,749,999
2011 $6,197,765,984 $5,576,999,925 $2,398,000,000 $2,730,716,886
2012 $6,605,142,884 $5,572,083,788 $2,791,614,000 $2,949,005,327
2013 $7,335,033,801 $6,180,302,892 $3,177,198,100 $3,205,193,908
2014 $7,468,102,413 $6,429,000,668 $3,225,652,000 $3,227,674,917
2015 $6,678,177,512 $6,678,177,512 $3,227,075,700 $3,227,075,700
2016 $6,813,095,379 $6,967,733,667 $3,398,419,600 $3,176,896,008
2017 $7,702,938,379 $7,297,999,869 $3,390,703,400 $3,254,893,759
2018 $8,271,106,235 $7,572,252,145 $3,422,754,800 $3,292,571,599
2019 $9,371,275,264 $7,920,623,120 $3,319,596,500 $3,211,334,058
2020 $8,270,468,614 $7,354,379,549 $3,176,126,300 $3,115,556,300
2021 $9,249,133,946 $7,759,385,792 $3,513,049,500 $3,270,920,146
2022 $12,134,931,018 $8,455,209,117 $4,001,047,000 $3,428,189,426
2023 $15,180,842,369 $9,217,301,874 $4,390,000,000 $3,588,757,485
2024 $17,478,259,659 $10,050,558,458 $4,750,000,000 $3,760,763,574

Economic indicators

Kyrgyzstan Liberia
Gross domestic product
$17.5B
2024
$4.75B
2024
GDP rank
135/197
2024
163/197
2024
GDP growth
15.1%
2023-2024
8.2%
2023-2024
GDP per capita
$2,419
2024
$846
2024
GDP per capita rank
149/197
2024
185/197
2024
GDP per capita, PPP
$8,009
2024
$1,885
2024
Government debt
$6.4B
2024
$2.68B
2024
Debt-to-GDP ratio
38.5%
2025
56.5%
2025
Government debt per person
$887
2024
$478
2024
Government debt per person rank
145/185
2024
167/185
2024
Average annual personal income after taxes
$4,925
2025
$1,418
2025
Income share by richest 10%
23%
2023
27.1%
2016
Income share by poorest 10%
4.3%
2023
2.9%
2016
Government expenditure, % of GDP
35.5%
2025
22.4%
2025
Consumer prices inflation
8%
2024-2025
9.8%
2024-2025
Central bank interest rate
9.25%
2024
n/a
Unemployment rate
3.5%
2023
5.93%
2017
Population
7419369
5829811

GDP per capita in Kyrgyzstan vs Liberia

Kyrgyzstan's GDP per capita is $2,419, ranking 149/197, compared to $846 in Liberia, ranking 185/197. Adjusted for purchasing power (GDP per capita PPP), Kyrgyzstan ranks 139th at $8,009, while Liberia ranks 187th at $1,885.

Kyrgyzstan
GDP per capita

GDP per capita, PPP
Liberia
GDP per capita

GDP per capita, PPP
Year Current $
Kyrgyzstan Liberia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
1960 - - $167.2 -
1961 - - $157.5 -
1962 - - $160.3 -
1963 - - $163.1 -
1964 - - $173.9 -
1965 - - $177.6 -
1966 - - $184.6 -
1967 - - $192.2 -
1968 - - $198.6 -
1969 - - $214.7 -
1970 - - $220.3 -
1971 - - $227.1 -
1972 - - $238.6 -
1973 - - $244.4 -
1974 - - $299.4 -
1975 - - $346 -
1976 - - $347 -
1977 - - $381 -
1978 - - $394 -
1979 - - $435 -
1980 - - $443 -
1981 - - $426 -
1982 - - $422 -
1983 - - $391 -
1984 - - $390 -
1985 - - $380 -
1986 - - $364 -
1987 - - $409 -
1988 - - $424 -
1989 - - $312 -
1990 $606 $2,544 $172.9 $787
1991 $570 $2,382 $177.9 $793
1992 $513 $2,075 $107.8 $497
1993 $449 $1,795 $74.4 $328
1994 $372 $1,466 $61.5 $262.6
1995 $364 $1,401 $62.1 $254.4
1996 $395 $1,505 $71.4 $282.2
1997 $376 $1,659 $122.6 $548
1998 $345 $1,687 $134.7 $652
1999 $258 $1,747 $156.6 $762
2000 $279.6 $1,862 $298.5 $965
2001 $308 $1,986 $300 $987
2002 $322 $1,998 $299.5 $1,013
2003 $381 $2,158 $239.8 $716
2004 $433 $2,343 $284.1 $745
2005 $477 $2,386 $287.5 $774
2006 $543 $2,508 $321 $815
2007 $722 $2,770 $374 $873
2008 $966 $3,031 $452 $915
2009 $870 $3,097 $448 $939
2010 $877 $3,076 $492 $980
2011 $1,117 $3,278 $568 $1,041
2012 $1,169 $3,589 $638 $1,157
2013 $1,270 $4,001 $711 $1,360
2014 $1,265 $4,228 $707 $1,419
2015 $1,106 $4,153 $693 $1,340
2016 $1,103 $4,604 $715 $1,490
2017 $1,221 $4,954 $699 $1,665
2018 $1,284 $4,778 $692 $1,800
2019 $1,422 $5,304 $658 $1,900
2020 $1,230 $5,179 $617 $1,660
2021 $1,350 $5,736 $668 $1,539
2022 $1,740 $6,578 $745 $1,692
2023 $2,138 $7,298 $799 $1,795
2024 $2,419 $8,009 $846 $1,885

Spending and national debt comparison

In 2024, Kyrgyzstan's government spending was $5.89B, accounting for 35.5% of its GDP, while Liberia's spent $1.04B, or 22.4% of GDP.

Debt-to-GDP ratio is 38.5% in Kyrgyzstan and 56.5% in Liberia, ranking 139/185 and 93/185, respectively.

Kyrgyzstan
Government spending

Government debt
Liberia
Government spending

Government debt
Year % of GDP
Kyrgyzstan Liberia
Government spending Government debt Government spending Government debt
1995 37.9% 52.4% - -
1996 28.6% 57.7% - -
1997 31.1% 64.8% - -
1998 35.9% 85.1% - -
1999 35.9% 119.6% - -
2000 30.2% 123.3% 15.2% 489%
2001 28.1% 108.2% 12.6% 484%
2002 29.3% 107.9% 13.2% 481%
2003 28.1% 108.2% 9.85% 658%
2004 28.5% 92.7% 12.1% 543%
2005 29.1% 85.7% 12.8% 535%
2006 29.1% 73.4% 11.1% 472%
2007 29.6% 57.7% 17.2% 394%
2008 27.9% 49% 21.6% 233.1%
2009 32.5% 58.5% 23.7% 130.9%
2010 37.1% 59.7% 25.2% 25.6%
2011 37.4% 50.1% 30.1% 22.7%
2012 40.6% 50.5% 30.8% 20.5%
2013 38.1% 47.1% 27.4% 20.6%
2014 38.5% 53.6% 33.4% 24.3%
2015 38.1% 67.1% 37.1% 24.8%
2016 38.9% 59.1% 35.8% 28.6%
2017 37% 58.8% 35.1% 31.8%
2018 33.1% 54.8% 32.7% 37.1%
2019 30.8% 48.8% 32.3% 48.6%
2020 32.1% 63.6% 35.3% 58.7%
2021 32.1% 56.2% 29.8% 53.3%
2022 35% 46.8% 26.9% 54.3%
2023 32.9% 42% 27.2% 58.8%
2024 33.7% 36.6% 21.9% 56.5%
2025 35.5% 38.5% 22.4% 56.5%

Government deficit by year

In 2024, Kyrgyzstan's government surplus, the difference between spending and revenue, was $327M, equivalent to 1.87% of GDP. This compares to Liberia's deficit of -$128M, or -2.69% of GDP.

Over the past 25 years, Kyrgyzstan recorded a fiscal deficit in 20 of those years, while Liberia ran a deficit in 20 years. On average, Kyrgyzstan posted an annual deficit equal to -2.89% of GDP, compared to deficit of -2.25% of GDP for Liberia.

Deficit/surplus
Kyrgyzstan

Liberia
Year Deficit/surplus, % of GDP
Kyrgyzstan Liberia
1995 -13.5% -
1996 -9.1% -
1997 -9.3% -
1998 -12% -
1999 -13.5% -
2000 -10.7% -0.08%
2001 -6.75% -0.98%
2002 -5.9% -1.63%
2003 -5.17% 0.39%
2004 -4.89% -0.56%
2005 -3.79% -0.55%
2006 -2.1% 4.42%
2007 1.28% 2.44%
2008 1.92% -2.68%
2009 0.38% -1.39%
2010 -5.95% 1.17%
2011 -4.7% -4.43%
2012 -5.86% -2.86%
2013 -3.7% 1.29%
2014 -3.07% -4.92%
2015 -2.52% -3.74%
2016 -5.79% -3.83%
2017 -3.73% -7.14%
2018 -0.59% -4.7%
2019 -0.07% -4.92%
2020 -3.06% -4.02%
2021 -0.71% -2.5%
2022 -0.29% -5.33%
2023 1.59% -7.07%
2024 1.87% -2.69%
2025 -3.4% -3.47%

Inflation comparison by year

Over the past 27 years, Kyrgyzstan has recorded an average annual inflation rate of 8.64%, compared with 10.4% in Liberia. In 2025, inflation was 8% in Kyrgyzstan and 9.8% in Liberia.

Inflation
Kyrgyzstan

Liberia
Year Inflation
Kyrgyzstan Liberia Kyrgyzstan Liberia
1996 31.9% -
1997 23.4% -
1998 10.5% -
1999 35.9% 2%
2000 19.7% 5.3%
2001 6.9% 12.1%
2002 2.1% 14.2%
2003 3% 10.3%
2004 4.1% 3.6%
2005 4.3% 6.9%
2006 5.6% 9.5%
2007 10.2% 11.4%
2008 24.5% 17.5%
2009 6.8% 7.4%
2010 8% 7.3%
2011 16.6% 8.5%
2012 2.8% 6.8%
2013 6.6% 7.6%
2014 7.5% 9.9%
2015 6.5% 7.7%
2016 0.4% 8.8%
2017 3.2% 12.4%
2018 1.5% 23.5%
2019 1.1% 27%
2020 6.3% 17%
2021 11.9% 7.8%
2022 13.9% 7.6%
2023 10.8% 10.1%
2024 5% 8.2%
2025 8% 9.8%

Balance of trade

Kyrgyzstan Liberia
Current account balance
-$5.18B
2022
$64.8M
2022
Current account balance ranking
167/189
2022
71/189
2022
Current account balance, % of GDP
-42.7%
2022
+1.62%
2022
Goods imports
$9.17B
2022
$1.53B
2022
Goods exports
$2.25B
2022
$1.03B
2022
Service imports
$1.48B
2022
$434M
2022
Service exports
$1.37B
2022
$192M
2022
Imports of goods and services, % of GDP
95.5%
2023
n/a
Exports of goods and services, % of GDP
36.9%
2023
28.5%
2025

Economic freedom indices

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

Kyrgyzstan Liberia
Economic freedom 55.6 48.5
Economic freedom ranking 127/197 170/197
Property rights 21.7 32.8
Government integrity 23.3 24.9
Judicial effectiveness 10.2 22.7
Tax burden 92.5 86
Government spending 64.8 76.6
Fiscal health 95.9 53.6
Business freedom 58.7 39
Labor freedom 52.9 43.5
Monetary freedom 63.4 70.7
Trade freedom 73.6 57
Investment freedom 60 55
Financial freedom 50 20

Economic freedom by year comparison

The Economic Freedom Index for Kyrgyzstan is 55.6, ranking 127/197, compared to 48.5 for Liberia, ranking 170/197. The chart below displays a comparison of annual changes in economic freedom indexes.

Kyrgyzstan
Liberia
Year Economic freedom index
Kyrgyzstan Liberia
1998 51.8 -
1999 54.8 -
2000 55.7 -
2001 53.7 -
2002 51.7 -
2003 56.8 -
2004 58 -
2005 56.6 -
2006 61 -
2007 60.2 -
2008 61.1 -
2009 61.8 48.1
2010 61.3 46.2
2011 61.1 46.5
2012 60.2 48.6
2013 59.6 49.3
2014 61.1 52.4
2015 61.3 52.7
2016 59.6 52.2
2017 61.1 49.1
2018 62.8 50.9
2019 62.3 49.7
2020 62.9 49
2021 63.7 49.2
2022 55.8 47.9
2023 55.8 49.6
2024 55.2 49.9
2025 55.6 48.5

More economic indicators

Kyrgyzstan Liberia
Services, % of GDP
52.1%
2024
42.1%
2024
Industry, % of GDP
24.7%
2024
23.3%
2024
Agriculture, forestry, and fishing, % of GDP
8.61%
2024
33.6%
2024
GNI, Atlas method
$15.5B
2024
$4.27B
2024
GNI per capita, PPP
$7,740
2024
$1,760
2024
Total reserves including gold
$5.09B
2024
$600M
2022
Total reserves ranking
100/177
2024
153/177
2022
Net foreign direct investment
-$509M
2022
-$960M
2022
Net inflows of foreign direct investment
$705M
2024
$747M
2024
Net outflows of foreign direct investment
$20M
2024
$89.8M
2024
Servicing debt to the IMF, % of GNI
7.87%
2023
3.02%
2023
Poverty at national poverty lines
25.7%
2024
50.9%
2016
Gross capital formation, % of GDP
34.5%
2023
n/a

GDP per capita map

GDP per capita

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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.