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Economy of Liberia vs Morocco compared: GDP & Debt

Updated on by Georank

Liberia has a GDP of $5.25B compared to $182B for Morocco, ranking 162/197 and 58/197 by economy size, respectively.

Liberia has $2.88B in government debt (54.9% of GDP), compared to $122B (67.1% of GDP) in Morocco.

Liberia vs Morocco GDP by year

Liberia
Morocco
1x
Year GDP, current $
Liberia Morocco
2025 $5,245,938,900 $182,374,250,612
2024 $4,779,300,900 $160,610,994,055
2023 $4,390,000,000 $146,036,093,667
2022 $4,001,047,000 $131,245,312,804
2021 $3,513,049,500 $142,022,058,447
2020 $3,176,126,300 $121,353,645,057
2019 $3,319,596,500 $128,920,266,409
2018 $3,422,754,800 $127,341,147,582
2017 $3,390,703,400 $118,540,573,368
2016 $3,398,419,600 $111,572,947,005
2015 $3,227,075,700 $110,413,823,842
2014 $3,225,652,000 $119,130,841,412
2013 $3,177,198,100 $115,739,287,305
2012 $2,791,614,000 $106,937,392,311
2011 $2,398,000,000 $110,080,631,332
2010 $1,998,000,000 $100,865,329,473
2009 $1,768,000,000 $101,154,952,241
2008 $1,726,000,000 $101,822,906,949
2007 $1,373,000,000 $86,947,913,287
2006 $1,119,000,000 $75,883,823,301
2005 $949,000,000 $68,852,658,069
2004 $897,000,000 $66,114,145,451
2003 $748,000,000 $58,029,363,354
2002 $927,000,000 $47,077,192,188
2001 $906,000,000 $43,831,480,208
2000 $874,000,000 $43,017,455,402
1999 $441,800,000 $46,266,428,648
1998 $359,600,000 $46,497,608,725
1997 $295,900,000 $39,147,844,526
1996 $159,400,000 $43,161,571,528
1995 $134,800,000 $39,030,285,468
1994 $132,200,000 $35,604,137,423
1993 $160,400,000 $31,655,473,664
1992 $223,500,000 $33,711,069,431
1991 $348,000,000 $32,285,573,574
1990 $384,400,000 $30,179,954,775
1989 $786,300,000 $26,314,313,191
1988 $1,038,300,000 $25,705,296,184
1987 $972,800,000 $21,765,195,948
1986 $840,964,400 $19,462,085,540
1985 $851,296,100 $14,991,283,216
1984 $848,478,300 $14,824,667,954
1983 $823,374,900 $16,251,408,128
1982 $863,933,200 $17,692,276,734
1981 $846,514,500 $17,788,185,479
1980 $854,711,500 $21,728,516,153
1979 $814,067,900 $15,911,994,817
1978 $717,240,400 $13,236,946,234
1977 $673,010,600 $11,049,783,872
1976 $596,675,700 $9,584,297,284
1975 $577,549,300 $8,984,853,005
1974 $486,955,000 $7,675,466,449
1973 $386,968,300 $6,242,145,880
1972 $368,098,000 $5,074,117,545
1971 $341,543,100 $4,356,669,034
1970 $323,099,700 $3,956,336,244
1969 $306,961,800 $3,651,622,669
1968 $276,820,700 $3,271,422,333
1967 $261,024,300 $3,046,345,314
1966 $244,459,500 $2,876,401,297
1965 $229,260,800 $2,948,331,090
1964 $218,929,100 $2,798,345,299
1963 $200,229,600 $2,657,252,578
1962 $191,861,800 $2,379,611,125
1961 $183,920,900 $2,025,693,540
1960 $190,495,600 $2,037,154,742

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

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

GDP per capita in Liberia vs Morocco by year

Liberia
GDP per capita

GDP per capita, PPP
Morocco
GDP per capita

GDP per capita, PPP
1x
Year Current $
Liberia Morocco
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $915 - $4,746 -
2024 $851 $1,871 $4,218 $10,415
2023 $799 $1,795 $3,872 $9,895
2022 $745 $1,692 $3,516 $9,310
2021 $668 $1,539 $3,843 $8,623
2020 $617 $1,660 $3,317 $7,705
2019 $658 $1,900 $3,560 $8,046
2018 $692 $1,800 $3,553 $7,801
2017 $699 $1,665 $3,344 $8,115
2016 $715 $1,490 $3,186 $7,853
2015 $693 $1,340 $3,190 $7,799
2014 $707 $1,419 $3,483 $7,237
2013 $711 $1,360 $3,425 $7,542
2012 $638 $1,157 $3,206 $7,308
2011 $568 $1,041 $3,345 $7,274
2010 $492 $980 $3,107 $6,849
2009 $448 $939 $3,158 $6,629
2008 $452 $915 $3,222 $6,437
2007 $374 $873 $2,788 $6,058
2006 $321 $815 $2,466 $5,781
2005 $287.5 $774 $2,268 $5,275
2004 $284.1 $745 $2,207 $5,025
2003 $239.8 $716 $1,962 $4,741
2002 $299.5 $1,013 $1,612 $4,436
2001 $300 $987 $1,521 $4,269
2000 $298.5 $965 $1,513 $3,930
1999 $156.6 $762 $1,651 $3,801
1998 $134.7 $652 $1,683 $3,740
1997 $122.6 $548 $1,439 $3,502
1996 $71.4 $282.2 $1,610 $3,551
1995 $62.1 $254.4 $1,478 $3,152
1994 $61.5 $262.6 $1,369 $3,315
1993 $74.4 $328 $1,236 $2,979
1992 $107.8 $497 $1,337 $2,979
1991 $177.9 $793 $1,302 $3,025
1990 $172.9 $787 $1,238 $2,777
1989 $312 - $1,099 -
1988 $424 - $1,094 -
1987 $409 - $944 -
1986 $364 - $861 -
1985 $380 - $678 -
1984 $390 - $687 -
1983 $391 - $772 -
1982 $422 - $862 -
1981 $426 - $890 -
1980 $443 - $1,117 -
1979 $435 - $839 -
1978 $394 - $716 -
1977 $381 - $613 -
1976 $347 - $545 -
1975 $346 - $524 -
1974 $299.4 - $459 -
1973 $244.4 - $382 -
1972 $238.6 - $319 -
1971 $227.1 - $280.6 -
1970 $220.3 - $261.5 -
1969 $214.7 - $247.8 -
1968 $198.6 - $228 -
1967 $192.2 - $218.1 -
1966 $184.6 - $211.5 -
1965 $177.6 - $222.7 -
1964 $173.9 - $216.9 -
1963 $163.1 - $211.3 -
1962 $160.3 - $194.2 -
1961 $157.5 - $169.8 -
1960 $167.2 - $175.2 -

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

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

Liberia's GDP per capita is $915, ranking 184/197, compared to $4,746 in Morocco, ranking 126/197. Adjusted for purchasing power (GDP per capita PPP), Liberia ranks 188th at $1,871, while Morocco ranks 132nd at $10,415.

Economic indicators

Liberia Morocco
Gross domestic product
$5.25B
2025
$182B
2025
GDP rank
162/197
2025
58/197
2025
GDP growth
5.02%
2024-2025
4.6%
2024-2025
GDP per capita
$915
2025
$4,746
2025
GDP per capita rank
184/197
2025
126/197
2025
GDP per capita, PPP
$1,871
2024
$10,415
2024
GDP per capita PPP rank
188/197
2024
132/197
2024
Government debt
$2.88B
2025
$122B
2025
Debt-to-GDP ratio
54.9%
2025
67.1%
2025
Government debt per person
$502
2025
$3,183
2025
Government debt per person rank
167/185
2025
102/185
2025
Average annual personal income after taxes
$1,467
2026
$4,045
2026
Market capitalization of domestic companies n/a
$114B
2025
Number of billionaires n/a
3
2026
Income share by richest 10%
27.1%
2016
31.9%
2013
Income share by poorest 10%
2.9%
2016
2.7%
2013
Government expenditure, % of GDP
22.4%
2025
31.3%
2025
Consumer prices inflation
8.3%
2024-2025
0.7%
2024-2025
Central bank interest rate n/a
2.25%
2025
Unemployment rate
5.93%
2017
11.8%
2022
Population
5916561
38938817

Spending and national debt comparison by year

Liberia
Spending

Debt
Morocco
Spending

Debt
1x
Year % of GDP
Liberia Morocco
Government spending Government debt Government spending Government debt
2025 22.4% 54.9% 31.3% 67.1%
2024 24.1% 56.4% 30.9% 67.7%
2023 28.6% 57.2% 30.2% 68.7%
2022 27.4% 54.4% 31.8% 71.4%
2021 29.8% 53.5% 30.1% 69.4%
2020 35.3% 58.5% 34.1% 72.2%
2019 32.3% 48.1% 27% 60.3%
2018 32.7% 36.2% 27.8% 60.5%
2017 35.1% 31.8% 27.9% 60.3%
2016 35.8% 28% 28.6% 60.1%
2015 37.1% 24.4% 28.5% 58.4%
2014 33.4% 24.3% 30.7% 58.6%
2013 27.4% 20.6% 30.4% 57.1%
2012 30.8% 20.5% 32.5% 52.3%
2011 29.8% 22.5% 31.2% 48.6%
2010 25.1% 25.4% 28.7% 45.3%
2009 24% 132.2% 28.1% 42.6%
2008 21.8% 235.3% 28.3% 42%
2007 16.1% 367% 26.4% 47.1%
2006 10.6% 451% 26% 50.6%
2005 11.7% 488% 28.6% 54.8%
2004 12.1% 543% 24.5% 54.4%
2003 8.98% 600% 24.1% 56.9%
2002 12.7% 464% 25.8% 59.4%
2001 12.1% 465% 23.7% 60.4%
2000 14.5% 468% 22.8% 64.9%
1999 - - 18.4% 63.4%
1998 - - 18.7% 64.5%
1997 - - 18.6% 68%
1996 - - 17.6% 65.3%
1995 - - 21.3% 72.2%
1994 - - 21.7% 69.3%
1993 - - 23.1% 74.7%
1992 - - 22.3% 67%
1991 - - 20.8% 59.1%
1990 - - 22.6% 70.5%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

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

In 2025, Liberia's government spending was $1.18B, accounting for 22.4% of its GDP, while Morocco spent $57B, or 31.3% of GDP.

Debt-to-GDP ratio is 54.9% in Liberia and 67.1% in Morocco, ranking 90/185 and 64/185, respectively.

Government deficit by year

Deficit/surplus
Liberia

Morocco
1x
Year Deficit/surplus, % of GDP
Liberia Morocco
2025 -1.41% -3.54%
2024 -1.8% -3.92%
2023 -8.55% -4.41%
2022 -5.82% -5.37%
2021 -2.5% -5.92%
2020 -4.02% -7.15%
2019 -4.92% -3.8%
2018 -4.7% -3.52%
2017 -7.14% -3.3%
2016 -3.83% -4.49%
2015 -3.74% -4.59%
2014 -4.92% -4.78%
2013 1.29% -4.7%
2012 -2.86% -6.63%
2011 -4.39% -6.08%
2010 1.16% -3.93%
2009 -1.4% -1.63%
2008 -2.7% 0.63%
2007 2.28% -0.12%
2006 4.23% -1.8%
2005 -0.51% -5.46%
2004 -0.56% -3.31%
2003 0.36% -3.74%
2002 -1.57% -4.37%
2001 -0.94% -3.79%
2000 -0.08% -1.97%
1999 - 3.21%
1998 - 1.47%
1997 - 1.5%
1996 - 0.87%
1995 - -2.54%
1994 - -2.51%
1993 - -2%
1992 - -1.84%
1991 - -0.9%
1990 - -1.32%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

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

In 2025, Liberia's government deficit, the difference between spending and revenue, was $74.2M, equivalent to 1.41% of GDP. This compares to Morocco's deficit of $6.46B, or 3.54% of GDP.

Over the past 26 years, Liberia recorded a fiscal deficit in 21 of those years, while Morocco ran a deficit in 25 years. On average, Liberia posted an annual deficit equal to 2.27% of GDP, compared to deficit of 3.91% of GDP for Morocco.

Inflation comparison by year

Inflation
Liberia

Morocco
1x
Year Consumer prices inflation
Liberia Morocco
2025 8.3% 0.7%
2024 8.2% 0.99%
2023 10.1% 6.09%
2022 7.6% 6.66%
2021 7.8% 1.4%
2020 17% 0.71%
2019 27% 0.3%
2018 23.5% 1.8%
2017 12.4% 0.75%
2016 8.8% 1.64%
2015 7.7% 1.56%
2014 9.9% 0.44%
2013 7.6% 1.88%
2012 6.8% 1.29%
2011 8.5% 0.91%
2010 7.3% 0.99%
2009 7.4% 0.97%
2008 17.5% 3.71%
2007 11.4% 2.04%
2006 9.5% 3.28%
2005 6.9% 0.98%
2004 3.6% 1.49%
2003 10.3% 1.17%
2002 14.2% 2.8%
2001 12.1% 0.62%
2000 5.3% 1.89%
1999 2% 0.68%
1998 - 2.75%
1997 - 1.04%

Data sources: World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | World Economic Outlook (1999–2025, retrieved 2026-07-08).

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

Over the past 27 years, Liberia has recorded an average annual inflation rate of 10.3%, compared with 1.77% in Morocco. In 2025, inflation was 8.3% in Liberia and 0.7% in Morocco.

Top exports between countries

Liberia
Export category Export value
Processed food, beverages & tobacco $6.4M
Machinery & equipment $1.79M
Metals $256K
Wood & paper products $102K
Raw agricultural goods $10K
Chemicals & pharma $9K
Textiles & consumer goods $5K
Morocco
Export category Export value
Processed food, beverages & tobacco $11.6M
Metals $4.96M
Animal & marine products $2.44M
Textiles & consumer goods $436K
Raw agricultural goods $279K
Machinery & equipment $254K
Raw materials & minerals $213K
Chemicals & pharma $68K
Precious metals & jewellery $5K
Miscellaneous $1K

Balance of trade

Liberia Morocco
Current account balance
$120M
2024
-$4.56B
2025
Current account balance ranking
62/190
2024
163/190
2025
Current account balance, % of GDP
+2.51%
2024
-2.5%
2025
Goods imports
$1.51B
2024
$77.2B
2025
Goods exports
$1.31B
2024
$43.7B
2025
Service imports
$253M
2024
$16.7B
2025
Service exports
$42.6M
2024
$33.6B
2025
Imports of goods and services, % of GDP n/a
51.1%
2025
Exports of goods and services, % of GDP
28.5%
2026
42%
2025

Economic freedom indices

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

Liberia Morocco
Economic freedom 49.8 61.8
Economic freedom ranking 163/197 91/197
Property rights 40.4 55.2
Government integrity 25.8 35.6
Judicial effectiveness 23.4 32.5
Tax burden 86.1 65.5
Government spending 79.5 67.5
Fiscal health 56.9 57.5
Business freedom 38 72.1
Labor freedom 43.4 46.2
Monetary freedom 71.4 79.6
Trade freedom 57.4 69.8
Investment freedom 55 80
Financial freedom 20 80

Economic freedom comparison by year

Liberia
Morocco
1x
Year Economic freedom index
Liberia Morocco
2026 49.8 61.8
2025 48.5 60.3
2024 49.9 56.8
2023 49.6 58.4
2022 47.9 59.2
2021 49.2 63.3
2020 49 63.3
2019 49.7 62.9
2018 50.9 61.9
2017 49.1 61.5
2016 52.2 61.3
2015 52.7 60.1
2014 52.4 58.3
2013 49.3 59.6
2012 48.6 60.2
2011 46.5 59.6
2010 46.2 59.2
2009 48.1 57.7
2008 - 55.6
2007 - 56.4
2006 - 51.5
2005 - 52.2
2004 - 56.7
2003 - 57.8
2002 - 59
2001 - 63.9
2000 - 63.2
1999 - 63.8
1998 - 61.1
1997 - 64.7
1996 - 64.3
1995 - 62.8

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08).

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

The Economic Freedom Index for Liberia is 49.8, ranking 163/197, compared to 61.8 for Morocco, ranking 91/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Liberia Morocco
Services, % of GDP
40%
2025
52.3%
2025
Industry, % of GDP
24.5%
2025
25.2%
2025
Agriculture, forestry, and fishing, % of GDP
32.7%
2025
10.5%
2025
GNI, Atlas method
$4.76B
2025
$170B
2025
GNI per capita, PPP
$1,840
2025
$10,960
2025
Total reserves including gold
$339M
2025
$48.5B
2025
Total reserves ranking
166/177
2025
50/177
2025
Net foreign direct investment
-$397M
2024
-$2.51B
2025
Net inflows of foreign direct investment
$472M
2024
$1.75B
2024
Net outflows of foreign direct investment
$74.9M
2024
$679M
2024
Servicing debt to the IMF, % of GNI
3.12%
2024
5.63%
2024
Poverty at national poverty lines
50.9%
2016
3.9%
2022
Gross capital formation, % of GDP n/a
31.9%
2025

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/liberia/morocco | 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 (1990–2025, retrieved 2026-07-08)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  4. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  5. TradeMap (2022–2025, 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.