Liberia vs Mongolia: Economic Indicators Comparison

Mongolia with a GDP of $13.1B ranked the 134th largest economy in the world, while Liberia ranked 164th with $3.3B. By GDP 5-years average growth and GDP per capita, Mongolia and Liberia ranked 39th vs 161st and 118th vs 186th, respectively.

Gross Domestic Product & Income

StatLiberiaMongolia
GDP$3.3B$13.1B
GDP growth, 1 year1.2%6.9%
GDP growth, 5-years average0.6%4.7%
Population4.7M3.1M
GDP per capita$677$4.1k
GDP per capita growth-1.23%5.32%
Purchasing Power Parity conversion factor0.52738.48
Price level ratio of PPP conversion factor GDP to market exchange rate0.520.3
GDP per capita, PPP adjusted$1.4k$13k
GNI, Atlas method$2.9B$11.6B
GNI per capita$610$3.7k
GNI, PPP adjusted$5.5B$39.6B
GNI per capita, PPP adjusted$1.1k$13k

Financial system and Human development

StatLiberiaMongolia
Income Tax Rate25%10%
Corporate Tax Rate25%25%
Inflation, consumer prices23.4%7.7%
Inflation, GDP deflator-1.9%8.1%
Unemployment2%6.3%
Economic Freedom Index4955.9
Personal Freedom Index6.17.63
Human Freedom Index6.67.17
Property Rights Index31.150.3
Judical Effectiveness Index37.923
Business Freedom Index48.263.6
Fiscal Health Index59.79.3
Labor Freedom Index38.275.7
Investment Freedom Index5550
Financial Freedom Index2060
Trade Freedom Index60.674
Monetary Freedom Index62.174.2
Government Spending Index65.566.6
Tax Burden Index86.187.4
Government Integrity Index23.836.9
Corruption Perceptions Index3237
Life expectancy at birth, years63.369.5
Suicide mortality rate, per 100,000 people6.813
Mortality caused by road traffic injury, per 100,000 people35.916.5
Intentional homicides, per 100,000 people3.26.2
International tourism, number of arrivalsN/A529k

Government debt & reserves

StatLiberiaMongolia
Central government debt, % of GDP40.5%73.3%
External debt stocks, % of GNI44.7%253.9%
External debt stocks$1.3B$29.4B
Short-term debt, % of total reserves0%87.3%
Total debt service, % of exports and primary income2.8%101.6%
Adjusted net savings including particulate emission damage, % of GNI-99%-10.3%
Gross savings, % of GDP-64.1%30.3%
Gross capital formation, % of GDP12.9%43.1%
Total reserves including gold$560.3M$3.5B
Foreign direct investment net inflows$129.1M$2B

Exports, imports and economic structure

StatLiberiaMongolia
Exports of goods and services, % of GDP26%58.7%
Imports of goods and services, % of GDP94.3%64.2%
Current account balance (balance of payments)-$674.1M-$1.9B
Revenue excluding grants, % of GDP15.7%24.9%
Grants excluding technical cooperation, BoP$436.2M$115.6M
Personal remittances received$459.9M$440.6M
Industry including construction value added, % of GDP12.5%38.7%
Agriculture, forestry and fishing value added, % of GDP37.3%10.8%
Charges for the use of intellectual property, payments BoPN/A$16.1M
Charges for the use of intellectual property, receipts BoPN/A$1.4M
Expense, % of GDP16.5%23.8%
Government Expenditure, % of GDP33.9%33.4%

Compare with countries close by GDP per capita

Liberia vs

CountryGDP
per capita
Population
Kyrgyzstan
$1.3k
6.2M
Mauritania
$1.2k
4.42M
South Sudan
$1.1k
12.6M
Tanzania
$1.1k
57.3M
Nepal
$1k
29.4M
Sudan
$977
40.5M
Yemen
$944
28.3M
Benin
$902
11.2M
Mali
$900
18.5M
Guinea
$879
12.7M
Haiti
$868
11M
Tajikistan
$827
8.92M
Eritrea
$811
3.5M
Guinea-Bissau
$778
1.86M
Rwanda
$773
12.2M
Ethiopia
$772
105M
Chad
$728
15.5M
Gambia
$716
2.1M
Burkina Faso
$715
19.2M
Togo
$679
7.8M
Uganda
$643
42.9M
DR Congo
$562
86.8M
Sierra Leone
$534
7.56M
Madagascar
$528
25.6M
Afghanistan
$521
34.9M
Mozambique
$499
29.7M
Central African Republic
$476
4.66M
Niger
$414
21.5M
Malawi
$389
18.6M
Somalia
$315
11M

Mongolia vs

CountryGDP
per capita
Population
Iraq
$5.8k
38.3M
Paraguay
$5.8k
6.81M
Iran
$5.6k
80M
Jamaica
$5.4k
2.89M
Albania
$5.3k
3.02M
Guyana
$5k
778k
Belize
$4.9k
375k
Azerbaijan
$4.7k
10M
Georgia
$4.7k
3.72M
Guatemala
$4.5k
17.3M
Tonga
$4.4k
108k
Jordan
$4.2k
10.4M
Armenia
$4.2k
2.93M
Samoa
$4.2k
196k
Eswatini
$4.1k
1.37M
Algeria
$4.1k
41.3M
Sri Lanka
$4.1k
21.4M
El Salvador
$4.1k
6.42M
Indonesia
$3.9k
264M
Marshall Islands
$3.8k
53.1k
Tuvalu
$3.7k
11.2k
Cape Verde
$3.6k
546k
Bolivia
$3.5k
11.1M
Tunisia
$3.4k
11.6M
Angola
$3.4k
29.8M
Bhutan
$3.2k
808k
Morocco
$3.2k
36M
Moldova
$3.2k
2.55M
Palestine
$3.2k
4.68M
Vanuatu
$3.1k
276k