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Economy of Liberia vs Mauritius compared: GDP & Debt

Updated on by Georank team

Liberia has a GDP of $4.78B compared to $14.9B for Mauritius, ranking 163/197 and 143/197 by economy size, respectively.

Liberia has $2.73B in government debt (57.2% of GDP), compared to $13.6B (91.1% of GDP) in Mauritius.

Liberia vs Mauritius GDP by year

Liberia
Mauritius
1x
Year GDP, current $
Liberia Mauritius
2024 $4,779,300,900 $14,937,861,786
2023 $4,390,000,000 $14,072,212,290
2022 $4,001,047,000 $12,936,444,123
2021 $3,513,049,500 $11,622,048,697
2020 $3,176,126,300 $11,566,111,138
2019 $3,319,596,500 $14,645,235,205
2018 $3,422,754,800 $14,957,535,716
2017 $3,390,703,400 $13,896,938,315
2016 $3,398,419,600 $12,757,680,847
2015 $3,227,075,700 $12,162,211,503
2014 $3,225,652,000 $13,230,490,082
2013 $3,177,198,100 $12,434,596,541
2012 $2,791,614,000 $11,832,323,837
2011 $2,398,000,000 $11,677,718,382
2010 $1,998,000,000 $10,144,716,155
2009 $1,768,000,000 $9,264,513,545
2008 $1,726,000,000 $10,127,777,060
2007 $1,373,000,000 $8,277,442,915
2006 $1,119,000,000 $7,137,710,413
2005 $949,000,000 $6,576,108,447
2004 $897,000,000 $6,667,418,752
2003 $748,000,000 $5,894,873,920
2002 $927,000,000 $4,906,494,249
2001 $906,000,000 $4,675,755,867
2000 $874,000,000 $4,726,108,622
1999 $441,800,000 $4,402,193,195
1998 $359,600,000 $4,225,813,976
1997 $295,900,000 $4,243,755,308
1996 $159,400,000 $4,481,489,762
1995 $134,800,000 $4,094,741,652
1994 $132,200,000 $3,606,050,873
1993 $160,400,000 $3,307,302,126
1992 $223,500,000 $3,267,677,814
1991 $348,000,000 $2,895,354,736
1990 $384,400,000 $2,689,212,760
1989 $786,300,000 $2,211,312,823
1988 $1,038,300,000 $2,163,252,449
1987 $972,800,000 $1,906,174,438
1986 $840,964,400 $1,482,601,552
1985 $851,296,100 $1,090,611,325
1984 $848,478,300 $1,054,564,759
1983 $823,374,900 $1,104,956,573
1982 $863,933,200 $1,092,923,636
1981 $846,514,500 $1,157,769,444
1980 $854,711,500 $1,147,027,924
1979 $814,067,900 $1,227,446,632
1978 $717,240,400 $1,029,040,323
1977 $673,010,600 $834,722,972
1976 $596,675,700 $713,510,052
1975 $577,549,300 $673,311,287
1974 $486,955,000 $669,894,030
1973 $386,968,300 $404,285,775
1972 $368,098,000 $318,664,900
1971 $341,543,100 $251,437,338
1970 $323,099,700 $224,125,805
1969 $306,961,800 $221,553,613
1968 $276,820,700 $206,576,631
1967 $261,024,300 $238,439,291
1966 $244,459,500 $227,534,083
1965 $229,260,800 $230,024,161
1964 $218,929,100 $218,914,569
1963 $200,229,600 $253,839,558
1962 $191,861,800 $197,738,208
1961 $183,920,900 $191,757,729
1960 $190,495,600 $162,089,564

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

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

GDP per capita in Liberia vs Mauritius by year

Liberia
GDP per capita

GDP per capita, PPP
Mauritius
GDP per capita

GDP per capita, PPP
1x
Year Current $
Liberia Mauritius
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $851 $1,871 $11,991 $31,840
2023 $799 $1,795 $11,270 $29,561
2022 $745 $1,692 $10,247 $26,874
2021 $668 $1,539 $9,178 $23,010
2020 $617 $1,660 $9,136 $21,622
2019 $658 $1,900 $11,568 $24,375
2018 $692 $1,800 $11,819 $23,416
2017 $699 $1,665 $10,987 $22,898
2016 $715 $1,490 $10,095 $21,952
2015 $693 $1,340 $9,631 $20,270
2014 $707 $1,419 $10,490 $19,294
2013 $711 $1,360 $9,877 $18,435
2012 $638 $1,157 $9,422 $17,259
2011 $568 $1,041 $9,324 $16,884
2010 $492 $980 $8,113 $15,920
2009 $448 $939 $7,427 $15,105
2008 $452 $915 $8,141 $14,569
2007 $374 $873 $6,677 $13,612
2006 $321 $815 $5,784 $12,593
2005 $287.5 $774 $5,354 $11,703
2004 $284.1 $745 $5,461 $11,216
2003 $239.8 $716 $4,858 $10,535
2002 $299.5 $1,013 $4,073 $9,824
2001 $300 $987 $3,909 $9,586
2000 $298.5 $965 $3,982 $9,143
1999 $156.6 $762 $3,746 $8,344
1998 $134.7 $652 $3,642 $8,121
1997 $122.6 $548 $3,696 $7,651
1996 $71.4 $282.2 $3,952 $7,206
1995 $62.1 $254.4 $3,648 $6,771
1994 $61.5 $262.6 $3,240 $6,414
1993 $74.4 $328 $3,014 $6,116
1992 $107.8 $497 $3,013 $5,753
1991 $177.9 $793 $2,705 $5,351
1990 $172.9 $787 $2,540 $5,010
1989 $312 - $2,103 -
1988 $424 - $2,074 -
1987 $409 - $1,840 -
1986 $364 - $1,442 -
1985 $380 - $1,069 -
1984 $390 - $1,042 -
1983 $391 - $1,103 -
1982 $422 - $1,101 -
1981 $426 - $1,181 -
1980 $443 - $1,187 -
1979 $435 - $1,292 -
1978 $394 - $1,102 -
1977 $381 - $906 -
1976 $347 - $787 -
1975 $346 - $755 -
1974 $299.4 - $763 -
1973 $244.4 - $467 -
1972 $238.6 - $374 -
1971 $227.1 - $299.6 -
1970 $220.3 - $271.3 -
1969 $214.7 - $272.7 -
1968 $198.6 - $258.7 -
1967 $192.2 - $304 -
1966 $184.6 - $296 -
1965 $177.6 - $305 -
1964 $173.9 - $297.3 -
1963 $163.1 - $353 -
1962 $160.3 - $282.3 -
1961 $157.5 - $281.7 -
1960 $167.2 - $238.3 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

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

Liberia's GDP per capita is $851, ranking 184/197, compared to $11,991 in Mauritius, ranking 78/197. Adjusted for purchasing power (GDP per capita PPP), Liberia ranks 188th at $1,871, while Mauritius ranks 71st at $31,840.

Economic indicators

Liberia Mauritius
Gross domestic product
$4.78B
2024
$14.9B
2024
GDP rank
163/197
2024
143/197
2024
GDP growth
4.02%
2023-2024
4.93%
2023-2024
GDP per capita
$851
2024
$11,991
2024
GDP per capita rank
184/197
2024
78/197
2024
GDP per capita, PPP
$1,871
2024
$31,840
2024
GDP per capita PPP rank
188/197
2024
71/197
2024
Government debt
$2.73B
2024
$13.6B
2024
Debt-to-GDP ratio
57.2%
2024
91.1%
2024
Government debt per person
$487
2024
$10,929
2024
Government debt per person rank
167/185
2024
54/185
2024
Average annual personal income after taxes
$1,191
2026
$7,203
2026
Market capitalization of domestic companies n/a
$9.12B
2024
Income share by richest 10%
27.1%
2016
29.9%
2017
Income share by poorest 10%
2.9%
2016
2.9%
2017
Government expenditure, % of GDP
24.3%
2024
33.7%
2024
Consumer prices inflation
8.2%
2023-2024
3.6%
2023-2024
Central bank interest rate n/a
4.5%
2025
Unemployment rate
5.93%
2017
5.21%
2024
Population
5887000
1240121

Spending and national debt comparison by year

Liberia
Spending

Debt
Mauritius
Spending

Debt
1x
Year % of GDP
Liberia Mauritius
Government spending Government debt Government spending Government debt
2024 24.3% 57.2% 33.7% 91.1%
2023 27.1% 57.8% 29.9% 85.6%
2022 26.9% 54.3% 29.4% 86.9%
2021 29.8% 53.3% 30.8% 93.8%
2020 35.3% 58.7% 32.6% 93.4%
2019 32.3% 48.6% 27.8% 74.6%
2018 32.7% 37.1% 24.3% 64.1%
2017 35.1% 31.8% 24.3% 63%
2016 35.8% 28.6% 24% 64.3%
2015 37.1% 24.8% 24.5% 65%
2014 33.4% 24.3% 23% 60.6%
2013 27.4% 20.6% 24.1% 58.2%
2012 30.8% 20.5% 22.5% 55.9%
2011 30.1% 22.7% 23.7% 56.5%
2010 25.2% 25.6% 24% 56.4%
2009 23.7% 130.9% 25.2% 58.4%
2008 21.6% 233.1% 22.7% 49.4%
2007 17.2% 394% 21.5% 51.6%
2006 11.1% 472% 22.2% 59.3%
2005 12.8% 535% 23% 61.7%
2004 12.1% 543% 22.6% 61.1%
2003 9.85% 658% 23.4% 70.8%
2002 13.2% 481% 23.3% 66.7%
2001 12.6% 484% 22.4% 60.5%
2000 15.2% 489% 22.2% 59.7%
1999 - - 27.5% -
1998 - - 26.6% -
1997 - - 27.5% -
1996 - - 27.4% -
1995 - - 27.3% -
1994 - - 27.5% -
1993 - - 24.5% -
1992 - - 26.8% -
1991 - - 27.2% -
1990 - - 30.2% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

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

In 2024, Liberia's government spending was $1.16B, accounting for 24.3% of its GDP, while Mauritius spent $5.03B, or 33.7% of GDP.

Debt-to-GDP ratio is 57.2% in Liberia and 91.1% in Mauritius, ranking 91/185 and 30/185, respectively.

Government deficit by year

Deficit/surplus
Liberia

Mauritius
1x
Year Deficit/surplus, % of GDP
Liberia Mauritius
2024 -1.98% -7.47%
2023 -7.03% -4.7%
2022 -5.33% -3.34%
2021 -2.5% -4.45%
2020 -4.02% -10.6%
2019 -4.92% -7.53%
2018 -4.7% -2.19%
2017 -7.14% -1.66%
2016 -3.83% -2.81%
2015 -3.74% -3.59%
2014 -4.92% -3.13%
2013 1.29% -3.4%
2012 -2.86% -1.78%
2011 -4.43% -3.09%
2010 1.17% -3.07%
2009 -1.39% -3.41%
2008 -2.68% -2.66%
2007 2.44% -3.09%
2006 4.42% -4.14%
2005 -0.55% -4.44%
2004 -0.56% -4.34%
2003 0.39% -4.82%
2002 -1.63% -5.18%
2001 -0.98% -5.53%
2000 -0.08% -4.4%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (2000–2024, retrieved 2026-02-20).

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

In 2024, Liberia's government deficit, the difference between spending and revenue, was $94.6M, equivalent to 1.98% of GDP. This compares to Mauritius' deficit of $1.12B, or 7.47% of GDP.

Over the past 25 years, Liberia recorded a fiscal deficit in 20 of those years, while Mauritius ran a deficit in 25 years. On average, Liberia posted an annual deficit equal to 2.22% of GDP, compared to deficit of 4.19% of GDP for Mauritius.

Inflation comparison by year

Inflation
Liberia

Mauritius
1x
Year Consumer prices inflation
Liberia Mauritius
2024 8.2% 3.6%
2023 10.1% 7.05%
2022 7.6% 10.8%
2021 7.8% 4.03%
2020 17% 2.58%
2019 27% 0.41%
2018 23.5% 3.22%
2017 12.4% 3.67%
2016 8.8% 0.98%
2015 7.7% 1.29%
2014 9.9% 3.22%
2013 7.6% 3.54%
2012 6.8% 3.85%
2011 8.5% 6.52%
2010 7.3% 2.93%
2009 7.4% 2.52%
2008 17.5% 9.73%
2007 11.4% 8.83%
2006 9.5% 8.91%
2005 6.9% 4.94%
2004 3.6% 4.71%
2003 10.3% 3.92%
2002 14.2% 6.42%
2001 12.1% 5.39%
2000 5.3% 4.2%
1999 2% 6.91%
1998 - 6.81%
1997 - 6.83%

Data sources: World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06); International Monetary Fund (IMF) | World Economic Outlook (1999–2024, retrieved 2026-02-20).

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

Over the past 26 years, Liberia has recorded an average annual inflation rate of 10.4%, compared with 4.77% in Mauritius. In 2024, inflation was 8.2% in Liberia and 3.6% in Mauritius.

Top exports between countries

Liberia
Export category Export value
Machinery & equipment $24K
Mauritius
Export category Export value
Chemicals & pharma $1.64M
Machinery & equipment $24K
Metals $1K

Balance of trade

Liberia Mauritius
Current account balance
$64.8M
2022
-$1.05B
2024
Current account balance ranking
73/190
2022
126/190
2024
Current account balance, % of GDP
+1.62%
2022
-7.03%
2024
Goods imports
$1.53B
2022
$6.35B
2024
Goods exports
$1.03B
2022
$2.37B
2024
Service imports
$434M
2022
$2.28B
2024
Service exports
$192M
2022
$4.19B
2024
Imports of goods and services, % of GDP n/a
78.3%
2024
Exports of goods and services, % of GDP
28.5%
2025
67.1%
2024

Economic freedom indices

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

Liberia Mauritius
Economic freedom 49.8 73
Economic freedom ranking 163/197 26/197
Property rights 40.4 83.9
Government integrity 25.8 53.4
Judicial effectiveness 23.4 80.7
Tax burden 86.1 89.6
Government spending 79.5 73.8
Fiscal health 56.9 45.5
Business freedom 38 81.5
Labor freedom 43.4 69.6
Monetary freedom 71.4 70.7
Trade freedom 57.4 87
Investment freedom 55 70
Financial freedom 20 70

Economic freedom comparison by year

Liberia
Mauritius
1x
Year Economic freedom index
Liberia Mauritius
2026 49.8 73
2025 48.5 75
2024 49.9 71.5
2023 49.6 70.6
2022 47.9 70.9
2021 49.2 77
2020 49 74.9
2019 49.7 73
2018 50.9 75.1
2017 49.1 74.7
2016 52.2 74.7
2015 52.7 76.4
2014 52.4 76.5
2013 49.3 76.9
2012 48.6 77
2011 46.5 76.2
2010 46.2 76.3
2009 48.1 74.3
2008 - 72.6
2007 - 69.4
2006 - 67.4
2005 - 67.2
2004 - 64.3
2003 - 64.4
2002 - 67.7
2001 - 66.4
2000 - 67.2
1999 - 68.5

Data sources: The Heritage Foundation | Economic Freedom Index (1999–2026, retrieved 2026-03-09).

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

The Economic Freedom Index for Liberia is 49.8, ranking 163/197, compared to 73 for Mauritius, ranking 26/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Liberia Mauritius
Services, % of GDP
41.9%
2024
64.4%
2024
Industry, % of GDP
22.7%
2024
17.8%
2024
Agriculture, forestry, and fishing, % of GDP
33.8%
2024
4.23%
2024
GNI, Atlas method
$4.28B
2024
$16.2B
2024
GNI per capita, PPP
$1,750
2024
$35,100
2024
Total reserves including gold
$600M
2022
$8.51B
2024
Total reserves ranking
153/177
2022
83/177
2024
Net foreign direct investment
-$960M
2022
$963M
2024
Net inflows of foreign direct investment
$472M
2024
$681M
2024
Net outflows of foreign direct investment
$74.9M
2024
$38.3M
2024
Servicing debt to the IMF, % of GNI
3.09%
2024
10.1%
2024
Poverty at national poverty lines
50.9%
2016
8.4%
2023
Gross capital formation, % of GDP n/a
21.2%
2024

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

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

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  3. The Heritage Foundation | Economic Freedom Index (1999–2026, retrieved 2026-03-09)
  4. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  5. TradeMap (2021–2024, retrieved 2026-02-08)
  6. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  7. LivingCost (2026, retrieved 2025-10-14)

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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.