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Economy of Liberia vs Seychelles compared: GDP & Debt

Updated on by Georank

Liberia has a GDP of $5.25B compared to $2.39B for the Seychelles, ranking 162/197 and 177/197 by economy size, respectively.

Liberia has $2.88B in government debt (54.9% of GDP), compared to $1.23B (51.5% of GDP) in the Seychelles.

Liberia vs Seychelles GDP by year

Liberia
Seychelles
1x
Year GDP, current $
Liberia Seychelles
2025 $5,245,938,900 $2,387,022,853
2024 $4,779,300,900 $2,228,608,684
2023 $4,390,000,000 $2,171,547,935
2022 $4,001,047,000 $1,999,888,599
2021 $3,513,049,500 $1,487,173,795
2020 $3,176,126,300 $1,382,551,752
2019 $3,319,596,500 $1,868,690,097
2018 $3,422,754,800 $1,784,313,927
2017 $3,390,703,400 $1,675,370,641
2016 $3,398,419,600 $1,568,513,348
2015 $3,227,075,700 $1,432,403,352
2014 $3,225,652,000 $1,387,577,870
2013 $3,177,198,100 $1,333,160,407
2012 $2,791,614,000 $1,089,407,839
2011 $2,398,000,000 $1,058,918,707
2010 $1,998,000,000 $981,616,542
2009 $1,768,000,000 $850,901,620
2008 $1,726,000,000 $979,597,394
2007 $1,373,000,000 $1,077,308,814
2006 $1,119,000,000 $1,081,441,283
2005 $949,000,000 $977,899,382
2004 $897,000,000 $893,012,218
2003 $748,000,000 $750,847,230
2002 $927,000,000 $742,134,838
2001 $906,000,000 $662,064,156
2000 $874,000,000 $654,212,394
1999 $441,800,000 $662,838,615
1998 $359,600,000 $647,287,376
1997 $295,900,000 $598,966,982
1996 $159,400,000 $535,250,347
1995 $134,800,000 $540,733,048
1994 $132,200,000 $517,570,058
1993 $160,400,000 $504,230,621
1992 $223,500,000 $461,409,399
1991 $348,000,000 $398,307,170
1990 $384,400,000 $392,163,561
1989 $786,300,000 $324,333,367
1988 $1,038,300,000 $301,985,618
1987 $972,800,000 $265,212,957
1986 $840,964,400 $221,147,061
1985 $851,296,100 $179,691,483
1984 $848,478,300 $160,992,921
1983 $823,374,900 $156,098,237
1982 $863,933,200 $157,211,790
1981 $846,514,500 $163,750,728
1980 $854,711,500 $156,783,830
1979 $814,067,900 $127,261,099
1978 $717,240,400 $85,552,366
1977 $673,010,600 $64,526,401
1976 $596,675,700 $49,278,982
1975 $577,549,300 $47,803,146
1974 $486,955,000 $43,134,496
1973 $386,968,300 $36,896,280
1972 $368,098,000 $30,645,123
1971 $341,543,100 $21,965,951
1970 $323,099,700 $18,432,032
1969 $306,961,800 $16,452,028
1968 $276,820,700 $16,074,028
1967 $261,024,300 $16,632,032
1966 $244,459,500 $16,443,034
1965 $229,260,800 $15,603,032
1964 $218,929,100 $15,393,032
1963 $200,229,600 $13,923,029
1962 $191,861,800 $12,642,026
1961 $183,920,900 $11,592,024
1960 $190,495,600 $12,012,025

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

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

GDP per capita in Liberia vs Seychelles by year

Liberia
GDP per capita

GDP per capita, PPP
Seychelles
GDP per capita

GDP per capita, PPP
1x
Year Current $
Liberia Seychelles
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $915 - $19,449 -
2024 $851 $1,871 $18,365 $33,239
2023 $799 $1,795 $18,131 $31,781
2022 $745 $1,692 $16,683 $29,973
2021 $668 $1,539 $14,983 $29,980
2020 $617 $1,660 $14,041 $31,056
2019 $658 $1,900 $19,142 $34,219
2018 $692 $1,800 $18,440 $32,091
2017 $699 $1,665 $17,480 $30,675
2016 $715 $1,490 $16,567 $28,811
2015 $693 $1,340 $15,333 $25,435
2014 $707 $1,419 $15,188 $24,985
2013 $711 $1,360 $14,821 $22,487
2012 $638 $1,157 $12,337 $22,264
2011 $568 $1,041 $12,110 $21,781
2010 $492 $980 $10,935 $18,982
2009 $448 $939 $9,747 $18,453
2008 $452 $915 $11,265 $18,881
2007 $374 $873 $12,669 $19,473
2006 $321 $815 $12,783 $17,503
2005 $287.5 $774 $11,802 $15,846
2004 $284.1 $745 $10,828 $14,160
2003 $239.8 $716 $9,070 $14,142
2002 $299.5 $1,013 $8,864 $14,570
2001 $300 $987 $8,153 $14,615
2000 $298.5 $965 $8,064 $14,638
1999 $156.6 $762 $8,243 $13,853
1998 $134.7 $652 $8,210 $13,675
1997 $122.6 $548 $7,747 $13,458
1996 $71.4 $282.2 $7,004 $11,931
1995 $62.1 $254.4 $7,181 $10,809
1994 $61.5 $262.6 $6,975 $10,692
1993 $74.4 $328 $6,979 $11,020
1992 $107.8 $497 $6,520 $10,243
1991 $177.9 $793 $5,655 $9,387
1990 $172.9 $787 $5,642 $8,955
1989 $312 - $4,689 -
1988 $424 - $4,392 -
1987 $409 - $3,872 -
1986 $364 - $3,368 -
1985 $380 - $2,754 -
1984 $390 - $2,488 -
1983 $391 - $2,426 -
1982 $422 - $2,441 -
1981 $426 - $2,557 -
1980 $443 - $2,478 -
1979 $435 - $2,030 -
1978 $394 - $1,377 -
1977 $381 - $1,044 -
1976 $347 - $814 -
1975 $346 - $806 -
1974 $299.4 - $745 -
1973 $244.4 - $649 -
1972 $238.6 - $547 -
1971 $227.1 - $402 -
1970 $220.3 - $344 -
1969 $214.7 - $314 -
1968 $198.6 - $314 -
1967 $192.2 - $333 -
1966 $184.6 - $338 -
1965 $177.6 - $328 -
1964 $173.9 - $332 -
1963 $163.1 - $308 -
1962 $160.3 - $287 -
1961 $157.5 - $270.3 -
1960 $167.2 - $288.1 -

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

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

Liberia's GDP per capita is $915, ranking 184/197, compared to $19,449 in the Seychelles, ranking 64/197. Adjusted for purchasing power (GDP per capita PPP), Liberia ranks 188th at $1,871, while the Seychelles ranks 67th at $33,239.

Economic indicators

Liberia Seychelles
Gross domestic product
$5.25B
2025
$2.39B
2025
GDP rank
162/197
2025
177/197
2025
GDP growth
5.02%
2024-2025
5.8%
2024-2025
GDP per capita
$915
2025
$19,449
2025
GDP per capita rank
184/197
2025
64/197
2025
GDP per capita, PPP
$1,871
2024
$33,239
2024
GDP per capita PPP rank
188/197
2024
67/197
2024
Government debt
$2.88B
2025
$1.23B
2025
Debt-to-GDP ratio
54.9%
2025
51.5%
2025
Government debt per person
$502
2025
$10,019
2025
Government debt per person rank
167/185
2025
59/185
2025
Average annual personal income after taxes
$1,467
2026
$11,537
2026
Market capitalization of domestic companies n/a
$646M
2025
Income share by richest 10%
27.1%
2016
23.9%
2018
Income share by poorest 10%
2.9%
2016
2.6%
2018
Government expenditure, % of GDP
22.4%
2025
32.7%
2025
Consumer prices inflation
8.3%
2024-2025
0.3%
2024-2025
Central bank interest rate n/a
1.75%
2024
Unemployment rate
5.93%
2017
2.59%
2024
Population
5916561
125859

Spending and national debt comparison by year

Liberia
Spending

Debt
Seychelles
Spending

Debt
1x
Year % of GDP
Liberia Seychelles
Government spending Government debt Government spending Government debt
2025 22.4% 54.9% 32.7% 51.5%
2024 24.1% 56.4% 33% 56.1%
2023 28.6% 57.2% 33.1% 55.1%
2022 27.4% 54.4% 31.6% 60.6%
2021 29.8% 53.5% 38.8% 71%
2020 35.3% 58.5% 46.7% 77.4%
2019 32.3% 48.1% 31.7% 48.9%
2018 32.7% 36.2% 33% 51.3%
2017 35.1% 31.8% 34.3% 56.7%
2016 35.8% 28% 34.5% 64.3%
2015 37.1% 24.4% 31.5% 75.4%
2014 33.4% 24.3% 33.4% 70.4%
2013 27.4% 20.6% 37.8% 68.2%
2012 30.8% 20.5% 38.6% 80.1%
2011 29.8% 22.5% 36.4% 82.5%
2010 25.1% 25.4% 34.6% 82.2%
2009 24% 132.2% 32.1% 106.1%
2008 21.8% 235.3% 27% 192.1%
2007 16.1% 367% 41.9% 144%
2006 10.6% 451% 43.6% 135.1%
2005 11.7% 488% 39% 144.1%
2004 12.1% 543% 39.9% 163.2%
2003 8.98% 600% 44.6% 177%
2002 12.7% 464% 56.3% 195.9%
2001 12.1% 465% 46.8% 199.8%
2000 14.5% 468% 55.4% 177.8%
1999 - - 56.1% 159.8%
1998 - - 60.7% 161.2%
1997 - - 54.7% 143%
1996 - - 59.1% 146.7%
1995 - - 53.1% 133.5%
1994 - - 63.6% 123.5%
1993 - - 60.4% 82.2%
1992 - - 50.7% 79.9%
1991 - - 52.1% 89.2%
1990 - - 46.1% 80.4%
1989 - - 51.7% 39.9%
1988 - - 46.7% 41.3%
1987 - - 49.7% 37%
1986 - - 58% 31.5%
1985 - - 53% 26.5%
1984 - - 50.5% 15.3%
1983 - - 47.9% 12.4%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1983–1989, retrieved 2026-07-08).

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

In 2025, Liberia's government spending was $1.18B, accounting for 22.4% of its GDP, while the Seychelles spent $781M, or 32.7% of GDP.

Debt-to-GDP ratio is 54.9% in Liberia and 51.5% in the Seychelles, ranking 90/185 and 102/185, respectively.

Government deficit by year

Deficit/surplus
Liberia

Seychelles
1x
Year Deficit/surplus, % of GDP
Liberia Seychelles
2025 -1.41% -0.99%
2024 -1.8% -0.68%
2023 -8.55% -1.15%
2022 -5.82% -0.77%
2021 -2.5% -5.76%
2020 -4.02% -15.7%
2019 -4.92% 0.42%
2018 -4.7% -0.8%
2017 -7.14% -1.67%
2016 -3.83% 0.02%
2015 -3.74% 1.39%
2014 -4.92% 2.87%
2013 1.29% 0.33%
2012 -2.86% 2.93%
2011 -4.39% 3.36%
2010 1.16% 0.52%
2009 -1.4% 4.84%
2008 -2.7% 7.88%
2007 2.28% -9.93%
2006 4.23% -2.54%
2005 -0.51% 0.42%
2004 -0.56% 0.44%
2003 0.36% 3.4%
2002 -1.57% -16.3%
2001 -0.94% -8.93%
2000 -0.08% -14.7%
1999 - -10.3%
1998 - -16.7%
1997 - -5.91%
1996 - -9.69%
1995 - -2.58%
1994 - -6.95%
1993 - -3.62%
1992 - 6.44%
1991 - 3.15%
1990 - 11.9%
1989 - 8.26%
1988 - 11.8%
1987 - 2.77%
1986 - -10.1%
1985 - -4.86%
1984 - -6.09%
1983 - -3.13%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1983–1989, retrieved 2026-07-08).

GeoRank.org/economy/liberia/seychelles | 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 the Seychelles' deficit of $23.5M, or 0.99% of GDP.

Over the past 26 years, Liberia recorded a fiscal deficit in 21 of those years, while the Seychelles ran a deficit in 13 years. On average, Liberia posted an annual deficit equal to 2.27% of GDP, compared to deficit of 1.97% of GDP for the Seychelles.

Inflation comparison by year

Inflation
Liberia

Seychelles
1x
Year Consumer prices inflation
Liberia Seychelles
2025 8.3% 0.3%
2024 8.2% 0.31%
2023 10.1% -1.04%
2022 7.6% 2.63%
2021 7.8% 9.77%
2020 17% 1.2%
2019 27% 1.81%
2018 23.5% 3.7%
2017 12.4% 2.86%
2016 8.8% -1.02%
2015 7.7% 4.04%
2014 9.9% 1.39%
2013 7.6% 4.34%
2012 6.8% 7.11%
2011 8.5% 2.56%
2010 7.3% -2.4%
2009 7.4% 31.8%
2008 17.5% 37%
2007 11.4% 5.32%
2006 9.5% -0.35%
2005 6.9% 0.91%
2004 3.6% 3.86%
2003 10.3% 3.3%
2002 14.2% 0.18%
2001 12.1% 5.97%
2000 5.3% 6.27%
1999 2% 6.35%
1998 - 2.58%
1997 - 0.62%

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/seychelles | CC BY

Over the past 27 years, Liberia has recorded an average annual inflation rate of 10.3%, compared with 5.11% in the Seychelles. In 2025, inflation was 8.3% in Liberia and 0.3% in the Seychelles.

Balance of trade

Liberia Seychelles
Current account balance
$120M
2024
-$166M
2024
Current account balance ranking
62/190
2024
90/190
2024
Current account balance, % of GDP
+2.51%
2024
-7.46%
2024
Goods imports
$1.51B
2024
$1.38B
2024
Goods exports
$1.31B
2024
$595M
2024
Service imports
$253M
2024
$1B
2024
Service exports
$42.6M
2024
$1.71B
2024
Imports of goods and services, % of GDP n/a
92.7%
2025
Exports of goods and services, % of GDP
28.5%
2026
79.6%
2025

Economic freedom indices

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

Liberia Seychelles
Economic freedom 49.8 66.5
Economic freedom ranking 163/197 60/197
Property rights 40.4 82.6
Government integrity 25.8 71.7
Judicial effectiveness 23.4 61.7
Tax burden 86.1 77.3
Government spending 79.5 68
Fiscal health 56.9 92.2
Business freedom 38 71.3
Labor freedom 43.4 52
Monetary freedom 71.4 79.8
Trade freedom 57.4 81.2
Investment freedom 55 30
Financial freedom 20 30

Economic freedom comparison by year

Liberia
Seychelles
1x
Year Economic freedom index
Liberia Seychelles
2026 49.8 66.5
2025 48.5 66.4
2024 49.9 60.4
2023 49.6 59.5
2022 47.9 61.1
2021 49.2 66.3
2020 49 64.3
2019 49.7 61.4
2018 50.9 61.6
2017 49.1 61.8
2016 52.2 62.2
2015 52.7 57.5
2014 52.4 56.2
2013 49.3 54.9
2012 48.6 53
2011 46.5 51.2
2010 46.2 47.9
2009 48.1 47.8

Data sources: The Heritage Foundation | Economic Freedom Index (2009–2026, retrieved 2026-07-08).

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

The Economic Freedom Index for Liberia is 49.8, ranking 163/197, compared to 66.5 for the Seychelles, ranking 60/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Liberia Seychelles
Services, % of GDP
40%
2025
67.9%
2025
Industry, % of GDP
24.5%
2025
14.3%
2025
Agriculture, forestry, and fishing, % of GDP
32.7%
2025
2.61%
2025
GNI, Atlas method
$4.76B
2025
$2.36B
2025
GNI per capita, PPP
$1,840
2025
$34,930
2025
Total reserves including gold
$339M
2025
$774M
2024
Total reserves ranking
166/177
2025
146/177
2024
Net foreign direct investment
-$397M
2024
-$268M
2024
Net inflows of foreign direct investment
$472M
2024
$226M
2024
Net outflows of foreign direct investment
$74.9M
2024
-$41.4M
2024
Servicing debt to the IMF, % of GNI
3.12%
2024
n/a
Poverty at national poverty lines
50.9%
2016
25.3%
2018
Gross capital formation, % of GDP n/a
18.7%
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/seychelles | 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 (2009–2026, retrieved 2026-07-08)
  4. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  5. International Monetary Fund (IMF) | Public Finances in Modern History (1983–1989, 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.