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Economy of Liberia vs Oman compared: GDP & Debt

Updated on by Georank

Liberia has a GDP of $5.25B compared to $110B for Oman, ranking 162/197 and 70/197 by economy size, respectively.

Liberia has $2.88B in government debt (54.9% of GDP), compared to $39.2B (35.8% of GDP) in Oman.

Liberia vs Oman GDP by year

Liberia
Oman
1x
Year GDP, current $
Liberia Oman
2025 $5,245,938,900 $109,604,780,696
2024 $4,779,300,900 $107,137,198,700
2023 $4,390,000,000 $106,174,707,932
2022 $4,001,047,000 $109,852,795,839
2021 $3,513,049,500 $87,323,797,139
2020 $3,176,126,300 $75,909,492,848
2019 $3,319,596,500 $88,060,858,257
2018 $3,422,754,800 $91,505,851,756
2017 $3,390,703,400 $80,856,697,009
2016 $3,398,419,600 $75,128,738,622
2015 $3,227,075,700 $78,710,793,238
2014 $3,225,652,000 $92,699,089,727
2013 $3,177,198,100 $89,936,020,806
2012 $2,791,614,000 $87,408,842,653
2011 $2,398,000,000 $77,497,529,259
2010 $1,998,000,000 $64,993,498,049
2009 $1,768,000,000 $55,454,096,229
2008 $1,726,000,000 $69,804,681,404
2007 $1,373,000,000 $48,300,390,117
2006 $1,119,000,000 $42,577,633,290
2005 $949,000,000 $35,506,892,068
2004 $897,000,000 $28,378,933,680
2003 $748,000,000 $24,733,680,104
2002 $927,000,000 $23,065,539,662
2001 $906,000,000 $22,205,721,717
2000 $874,000,000 $22,259,557,867
1999 $441,800,000 $17,832,769,831
1998 $359,600,000 $16,044,213,264
1997 $295,900,000 $18,039,791,938
1996 $159,400,000 $17,402,080,624
1995 $134,800,000 $15,722,236,671
1994 $132,200,000 $14,715,214,564
1993 $160,400,000 $14,230,429,129
1992 $223,500,000 $14,183,615,085
1991 $348,000,000 $12,918,335,501
1990 $384,400,000 $13,310,273,082
1989 $786,300,000 $9,372,171,651
1988 $1,038,300,000 $8,386,215,865
1987 $972,800,000 $7,811,183,095
1986 $840,964,400 $7,324,167,369
1985 $851,296,100 $10,005,645,420
1984 $848,478,300 $8,821,443,151
1983 $823,374,900 $7,932,541,691
1982 $863,933,200 $7,554,719,456
1981 $846,514,500 $7,259,120,151
1980 $854,711,500 $5,981,760,278
1979 $814,067,900 $3,733,352,635
1978 $717,240,400 $2,740,301,390
1977 $673,010,600 $2,741,169,948
1976 $596,675,700 $2,560,220,035
1975 $577,549,300 $2,096,699,189
1974 $486,955,000 $1,645,917,776
1973 $386,968,300 $483,066,991
1972 $368,098,000 $366,883,548
1971 $341,543,100 $301,010,587
1970 $323,099,700 $256,319,795
1969 $306,961,800 $239,999,808
1968 $276,820,700 $188,879,849
1967 $261,024,300 $107,151,832
1966 $244,459,500 $67,759,973
1965 $229,260,800 $63,279,975
1964 $218,929,100 $61,872,526
1963 $200,229,600 $59,912,763
1962 $191,861,800 $56,273,202
1961 $183,920,900 $45,634,487
1960 $190,495,600 $44,234,656

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

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

GDP per capita in Liberia vs Oman by year

Liberia
GDP per capita

GDP per capita, PPP
Oman
GDP per capita

GDP per capita, PPP
1x
Year Current $
Liberia Oman
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $915 - $19,947 -
2024 $851 $1,871 $20,285 $41,740
2023 $799 $1,795 $21,028 $41,945
2022 $745 $1,692 $23,224 $42,616
2021 $668 $1,539 $19,403 $38,719
2020 $617 $1,660 $16,785 $35,163
2019 $658 $1,900 $19,180 $37,251
2018 $692 $1,800 $19,902 $37,780
2017 $699 $1,665 $17,820 $33,619
2016 $715 $1,490 $17,110 $33,334
2015 $693 $1,340 $18,808 $36,058
2014 $707 $1,419 $23,161 $44,236
2013 $711 $1,360 $23,458 $47,013
2012 $638 $1,157 $24,642 $49,989
2011 $568 $1,041 $25,188 $52,393
2010 $492 $980 $23,570 $55,667
2009 $448 $939 $20,656 $55,127
2008 $452 $915 $26,577 $52,841
2007 $374 $873 $18,793 $48,627
2006 $321 $815 $16,931 $46,091
2005 $287.5 $774 $14,435 $43,673
2004 $284.1 $745 $11,801 $42,142
2003 $239.8 $716 $10,464 $40,935
2002 $299.5 $1,013 $9,869 $41,511
2001 $300 $987 $9,612 $41,679
2000 $298.5 $965 $9,754 $39,443
1999 $156.6 $762 $7,915 $36,792
1998 $134.7 $652 $7,219 $36,666
1997 $122.6 $548 $8,235 $36,809
1996 $71.4 $282.2 $8,068 $34,661
1995 $62.1 $254.4 $7,414 $33,598
1994 $61.5 $262.6 $7,068 $31,925
1993 $74.4 $328 $7,039 $30,987
1992 $107.8 $497 $7,318 $29,773
1991 $177.9 $793 $6,977 $28,109
1990 $172.9 $787 $7,546 $26,904
1989 $312 - $5,591 -
1988 $424 - $5,279 -
1987 $409 - $5,204 -
1986 $364 - $5,182 -
1985 $380 - $7,549 -
1984 $390 - $7,070 -
1983 $391 - $6,714 -
1982 $422 - $6,759 -
1981 $426 - $6,866 -
1980 $443 - $5,974 -
1979 $435 - $3,934 -
1978 $394 - $3,044 -
1977 $381 - $3,205 -
1976 $347 - $3,143 -
1975 $346 - $2,692 -
1974 $299.4 - $2,203 -
1973 $244.4 - $670 -
1972 $238.6 - $524 -
1971 $227.1 - $442 -
1970 $220.3 - $387 -
1969 $214.7 - $372 -
1968 $198.6 - $300 -
1967 $192.2 - $174.7 -
1966 $184.6 - $113.2 -
1965 $177.6 - $108.1 -
1964 $173.9 - $108.1 -
1963 $163.1 - $106.8 -
1962 $160.3 - $102.3 -
1961 $157.5 - $84.5 -
1960 $167.2 - $83.4 -

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

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

Liberia's GDP per capita is $915, ranking 184/197, compared to $19,947 in Oman, ranking 60/197. Adjusted for purchasing power (GDP per capita PPP), Liberia ranks 188th at $1,871, while Oman ranks 55th at $41,740.

Economic indicators

Liberia Oman
Gross domestic product
$5.25B
2025
$110B
2025
GDP rank
162/197
2025
70/197
2025
GDP growth
5.02%
2024-2025
2.4%
2024-2025
GDP per capita
$915
2025
$19,947
2025
GDP per capita rank
184/197
2025
60/197
2025
GDP per capita, PPP
$1,871
2024
$41,740
2024
GDP per capita PPP rank
188/197
2024
55/197
2024
Government debt
$2.88B
2025
$39.2B
2025
Debt-to-GDP ratio
54.9%
2025
35.8%
2025
Government debt per person
$502
2025
$7,132
2025
Government debt per person rank
167/185
2025
70/185
2025
Average annual personal income after taxes
$1,467
2026
$19,851
2026
Market capitalization of domestic companies n/a
$41.3B
2025
Number of billionaires n/a
2
2026
Income share by richest 10%
27.1%
2016
n/a
Income share by poorest 10%
2.9%
2016
n/a
Government expenditure, % of GDP
22.4%
2025
28.9%
2025
Consumer prices inflation
8.3%
2024-2025
1%
2024-2025
Central bank interest rate n/a
4.5%
2025
Unemployment rate
5.93%
2017
3.3%
2024
Population
5916561
5775345

Spending and national debt comparison by year

Liberia
Spending

Debt
Oman
Spending

Debt
1x
Year % of GDP
Liberia Oman
Government spending Government debt Government spending Government debt
2025 22.4% 54.9% 28.9% 35.8%
2024 24.1% 56.4% 28.7% 35.5%
2023 28.6% 57.2% 27.5% 37.4%
2022 27.4% 54.4% 31.1% 41.7%
2021 29.8% 53.5% 36.5% 61.9%
2020 35.3% 58.5% 44.5% 67.9%
2019 32.3% 48.1% 38.8% 52.5%
2018 32.7% 36.2% 38.3% 44.7%
2017 35.1% 31.8% 39.4% 40.1%
2016 35.8% 28% 44.6% 29.3%
2015 37.1% 24.4% 44.5% 13.9%
2014 33.4% 24.3% 41.4% 4.04%
2013 27.4% 20.6% 39.3% 4.66%
2012 30.8% 20.5% 38.6% 4.59%
2011 29.8% 22.5% 34.5% 4.44%
2010 25.1% 25.4% 30.6% 5.46%
2009 24% 132.2% 33.4% 5.8%
2008 21.8% 235.3% 25.6% 3.2%
2007 16.1% 367% 30.7% 4.44%
2006 10.6% 451% 30.1% 7.56%
2005 11.7% 488% 30.6% 8.39%
2004 12.1% 543% 34.1% 14.5%
2003 8.98% 600% 34% 13%
2002 12.7% 464% 34.1% 15.9%
2001 12.1% 465% 33.3% 22.5%
2000 14.5% 468% 31.2% 21.7%
1999 - - 34.2% 28.9%
1998 - - 36.1% 30.9%
1997 - - 32.1% 20.8%
1996 - - 33.5% 21.2%
1995 - - 38.2% 21.9%
1994 - - 39.7% 23.6%
1993 - - 40.1% 22.2%
1992 - - 40.1% 23.1%
1991 - - 37.4% 22.6%
1990 - - 36.5% 17.8%

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

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

In 2025, Liberia's government spending was $1.18B, accounting for 22.4% of its GDP, while Oman spent $31.7B, or 28.9% of GDP.

Debt-to-GDP ratio is 54.9% in Liberia and 35.8% in Oman, ranking 90/185 and 142/185, respectively.

Government deficit by year

Deficit/surplus
Liberia

Oman
1x
Year Deficit/surplus, % of GDP
Liberia Oman
2025 -1.41% 1.04%
2024 -1.8% 3.22%
2023 -8.55% 6.72%
2022 -5.82% 10.3%
2021 -2.5% -3.17%
2020 -4.02% -15.7%
2019 -4.92% -4.83%
2018 -4.7% -6.72%
2017 -7.14% -10.5%
2016 -3.83% -19.6%
2015 -3.74% -13.5%
2014 -4.92% -1.58%
2013 1.29% 2.78%
2012 -2.86% 4.07%
2011 -4.39% 8.24%
2010 1.16% 4.95%
2009 -1.4% -0.27%
2008 -2.7% 14.7%
2007 2.28% 10.5%
2006 4.23% 12.2%
2005 -0.51% 11.2%
2004 -0.56% 5.43%
2003 0.36% 5.92%
2002 -1.57% 5.31%
2001 -0.94% 7.55%
2000 -0.08% 12.2%
1999 - 0.3%
1998 - -4.37%
1997 - 4.77%
1996 - 2.22%
1995 - -3.9%
1994 - -7.47%
1993 - -6.84%
1992 - -4.85%
1991 - 0.12%
1990 - 4.78%

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

GeoRank.org/economy/liberia/oman | 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 Oman's surplus of $1.14B, or 1.04% of GDP.

Over the past 26 years, Liberia recorded a fiscal deficit in 21 of those years, while Oman ran a deficit in 9 years. On average, Liberia posted an annual deficit equal to 2.27% of GDP, compared to surplus of 1.94% of GDP for Oman.

Inflation comparison by year

Inflation
Liberia

Oman
1x
Year Consumer prices inflation
Liberia Oman
2025 8.3% 1%
2024 8.2% 0.6%
2023 10.1% 1%
2022 7.6% 2.5%
2021 7.8% 1.7%
2020 17% -0.4%
2019 27% 0.5%
2018 23.5% 0.7%
2017 12.4% 1.5%
2016 8.8% 0.9%
2015 7.7% 0.1%
2014 9.9% 1.2%
2013 7.6% 1.3%
2012 6.8% 2.9%
2011 8.5% 4.1%
2010 7.3% 3.3%
2009 7.4% 3.5%
2008 17.5% 12.6%
2007 11.4% 5.9%
2006 9.5% 3.2%
2005 6.9% 1.9%
2004 3.6% 0.8%
2003 10.3% 0.2%
2002 14.2% -0.3%
2001 12.1% -0.8%
2000 5.3% -1.2%
1999 2% 0.5%
1998 - 0.4%
1997 - -0.4%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2025, retrieved 2026-07-08).

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

Over the past 27 years, Liberia has recorded an average annual inflation rate of 10.3%, compared with 1.82% in Oman. In 2025, inflation was 8.3% in Liberia and 1% in Oman.

Top exports between countries

Liberia
Export category Export value
Oman
Export category Export value
Animal & marine products $9.14M
Chemicals & pharma $1.17M
Processed food, beverages & tobacco $973K
Textiles & consumer goods $926K
Machinery & equipment $84K
Raw agricultural goods $18K

Balance of trade

Liberia Oman
Current account balance
$120M
2024
$3.07B
2024
Current account balance ranking
62/190
2024
37/190
2024
Current account balance, % of GDP
+2.51%
2024
+2.86%
2024
Goods imports
$1.51B
2024
$39.5B
2024
Goods exports
$1.31B
2024
$65.2B
2024
Service imports
$253M
2024
$12.8B
2024
Service exports
$42.6M
2024
$5.64B
2024
Imports of goods and services, % of GDP n/a
48.8%
2024
Exports of goods and services, % of GDP
28.5%
2026
66.1%
2024

Economic freedom indices

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

Liberia Oman
Economic freedom 49.8 68.5
Economic freedom ranking 163/197 45/197
Property rights 40.4 71.8
Government integrity 25.8 49.4
Judicial effectiveness 23.4 28
Tax burden 86.1 97.6
Government spending 79.5 74.7
Fiscal health 56.9 97.5
Business freedom 38 67.8
Labor freedom 43.4 47.7
Monetary freedom 71.4 79.2
Trade freedom 57.4 78.4
Investment freedom 55 70
Financial freedom 20 60

Economic freedom comparison by year

Liberia
Oman
1x
Year Economic freedom index
Liberia Oman
2026 49.8 68.5
2025 48.5 65.4
2024 49.9 62.9
2023 49.6 58.5
2022 47.9 56.6
2021 49.2 64.6
2020 49 63.6
2019 49.7 61
2018 50.9 61
2017 49.1 62.1
2016 52.2 67.1
2015 52.7 66.7
2014 52.4 67.4
2013 49.3 68.1
2012 48.6 67.9
2011 46.5 69.8
2010 46.2 67.7
2009 48.1 67
2008 - 67.3
2007 - 65.8
2006 - 63.7
2005 - 66.5
2004 - 66.9
2003 - 64.6
2002 - 64
2001 - 67.7
2000 - 64.1
1999 - 64.9
1998 - 64.9
1997 - 64.5
1996 - 65.4
1995 - 70.2

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

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

The Economic Freedom Index for Liberia is 49.8, ranking 163/197, compared to 68.5 for Oman, ranking 45/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Liberia Oman
Services, % of GDP
40%
2025
47.2%
2025
Industry, % of GDP
24.5%
2025
52.7%
2025
Agriculture, forestry, and fishing, % of GDP
32.7%
2025
2.81%
2025
GNI, Atlas method
$4.76B
2025
$103B
2024
GNI per capita, PPP
$1,840
2025
$39,390
2024
Total reserves including gold
$339M
2025
$18.3B
2024
Total reserves ranking
166/177
2025
68/177
2024
Net foreign direct investment
-$397M
2024
-$12.6B
2024
Net inflows of foreign direct investment
$472M
2024
$12.5B
2024
Net outflows of foreign direct investment
$74.9M
2024
-$143M
2024
Servicing debt to the IMF, % of GNI
3.12%
2024
n/a
Poverty at national poverty lines
50.9%
2016
n/a
Gross capital formation, % of GDP n/a
24.8%
2024

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/oman | 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 (2023–2024, 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.