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Liberia vs South Africa: Economic Indicators Comparison

South Africa with a GDP of $368.3B ranked the 35th largest economy in the world, while Liberia ranked 164th with $3.3B. By GDP 5-years average growth and GDP per capita, South Africa and Liberia ranked 151st vs 161st and 95th vs 186th, respectively.

Gross Domestic Product & Income

StatLiberiaSouth Africa
GDP$3.3B$368.3B
GDP growth, 1 year1.2%0.8%
GDP growth, 5-years average0.6%1.1%
Population4.7M57.7M
GDP per capita$677$6.4k
GDP per capita growth-1.23%-0.57%
Purchasing Power Parity conversion factor0.526.16
Price level ratio of PPP conversion factor GDP to market exchange rate0.520.47
GDP per capita, PPP adjusted$1.4k$14k
GNI, Atlas method$2.9B$332.3B
GNI per capita$610$5.8k
GNI, PPP adjusted$5.5B$765.8B
GNI per capita, PPP adjusted$1.1k$13k

Financial system and Human development

StatLiberiaSouth Africa
Income Tax Rate25%45%
Corporate Tax Rate25%28%
Inflation, consumer prices23.4%4.6%
Inflation, GDP deflator-1.9%3.9%
Unemployment2%27%
Economic Freedom Index4958.8
Personal Freedom Index6.16.92
Human Freedom Index6.66.78
Property Rights Index31.158.4
Judical Effectiveness Index37.938
Business Freedom Index48.262
Fiscal Health Index59.764
Labor Freedom Index38.258.8
Investment Freedom Index5545
Financial Freedom Index2050
Trade Freedom Index60.675.8
Monetary Freedom Index62.175.9
Government Spending Index65.567.4
Tax Burden Index86.163.7
Government Integrity Index23.846.6
Corruption Perceptions Index3243
Life expectancy at birth, years63.363.5
Suicide mortality rate, per 100,000 people6.811.6
Mortality caused by road traffic injury, per 100,000 people35.925.9
Intentional homicides, per 100,000 people3.235.9
International tourism, number of arrivalsN/A10.5M

Government debt & reserves

StatLiberiaSouth Africa
Central government debt, % of GDP40.5%56.7%
External debt stocks, % of GNI44.7%50.6%
External debt stocks$1.3B$179.3B
Short-term debt, % of total reserves0%70.9%
Total debt service, % of exports and primary income2.8%19.9%
Adjusted net savings including particulate emission damage, % of GNI-99%0.6%
Gross savings, % of GDP-64.1%14.9%
Gross capital formation, % of GDP12.9%17.9%
Total reserves including gold$560.3M$51.6B
Foreign direct investment net inflows$129.1M$5.5B

Exports, imports and economic structure

StatLiberiaSouth Africa
Exports of goods and services, % of GDP26%29.9%
Imports of goods and services, % of GDP94.3%29.6%
Current account balance (balance of payments)-$674.1M-$13.4B
Revenue excluding grants, % of GDP15.7%30.9%
Grants excluding technical cooperation, BoP$436.2M$817.9M
Personal remittances received$459.9M$929M
Industry including construction value added, % of GDP12.5%25.9%
Agriculture, forestry and fishing value added, % of GDP37.3%2.2%
Charges for the use of intellectual property, payments BoPN/A$1.8B
Charges for the use of intellectual property, receipts BoPN/A$120.7M
Expense, % of GDP16.5%34.4%
Government Expenditure, % of GDP33.9%33%

Compare with countries close by GDP per capita

Liberia vs

CountryGDP
per capita
Population
Kyrgyzstan
$1.3k
6.2M
Mauritania
$1.2k
3.54M
South Sudan
$1.1k
12.6M
Tanzania
$1.1k
57.3M
Nepal
$1k
29.4M
Sudan
$977
40.5M
Yemen
$944
26.2M
Benin
$902
10M
Mali
$900
18.5M
Guinea
$879
11.6M
Haiti
$868
10.3M
Tajikistan
$827
8.92M
Eritrea
$811
3.5M
Guinea-Bissau
$778
1.52M
Rwanda
$773
12.2M
Ethiopia
$772
105M
Chad
$728
11M
Gambia
$716
1.86M
Burkina Faso
$715
19.2M
Togo
$679
6.34M
Uganda
$643
42.9M
DR Congo
$562
86.8M
Sierra Leone
$534
7.56M
Madagascar
$528
22.9M
Afghanistan
$521
34.9M
Mozambique
$499
25.8M
Central African Republic
$476
4.99M
Niger
$414
17.1M
Malawi
$389
18.6M
Somalia
$315
11M

South Africa vs

CountryGDP
per capita
Population
Brazil
$8.9k
208M
Montenegro
$8.8k
622k
Cuba
$8.8k
11.3M
Lebanon
$8.3k
4.47M
Botswana
$8.3k
2.02M
Dominican Republic
$8.1k
10.4M
Gabon
$8k
1.67M
Dominica
$7.7k
72k
Saint Vincent
$7.4k
109k
Thailand
$7.3k
65.9M
Serbia
$7.2k
7.02M
Libya
$7.2k
5.66M
Turkmenistan
$7k
5.13M
Peru
$6.9k
30.4M
Colombia
$6.7k
49.1M
Ecuador
$6.3k
15.7M
Belarus
$6.3k
9.49M
Fiji
$6.3k
881k
Suriname
$6.2k
539k
North Macedonia
$6.1k
2.08M
Bosnia and Herzegovina
$6.1k
3.51M
Namibia
$5.9k
2.3M
Iraq
$5.8k
33.4M
Paraguay
$5.8k
6.8M
Iran
$5.6k
77.4M
Jamaica
$5.4k
2.89M
Albania
$5.3k
3.02M
Guyana
$5k
800k
Belize
$4.9k
375k
Azerbaijan
$4.7k
10M