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Economy of Liberia vs Tunisia compared: GDP & Debt

Updated on by Georank team

Liberia has a GDP of $4.78B compared to $51.3B for Tunisia, ranking 163/197 and 93/197 by economy size, respectively.

Liberia has $2.73B in government debt (57.2% of GDP), compared to $42.8B (83.4% of GDP) in Tunisia.

Liberia vs Tunisia GDP by year

Liberia
Tunisia
1x
Year GDP, current $
Liberia Tunisia
2024 $4,779,300,900 $51,332,285,657
2023 $4,390,000,000 $48,205,328,303
2022 $4,001,047,000 $44,929,920,093
2021 $3,513,049,500 $47,073,234,359
2020 $3,176,126,300 $42,491,780,918
2019 $3,319,596,500 $41,905,642,419
2018 $3,422,754,800 $42,686,504,460
2017 $3,390,703,400 $42,163,530,591
2016 $3,398,419,600 $44,360,072,680
2015 $3,227,075,700 $45,779,494,042
2014 $3,225,652,000 $50,271,812,921
2013 $3,177,198,100 $48,685,446,414
2012 $2,791,614,000 $47,311,401,813
2011 $2,398,000,000 $48,123,325,825
2010 $1,998,000,000 $46,206,091,938
2009 $1,768,000,000 $43,455,740,497
2008 $1,726,000,000 $44,859,439,902
2007 $1,373,000,000 $38,915,353,867
2006 $1,119,000,000 $34,376,664,601
2005 $949,000,000 $32,272,186,695
2004 $897,000,000 $31,183,885,241
2003 $748,000,000 $27,453,902,261
2002 $927,000,000 $23,141,616,605
2001 $906,000,000 $22,065,832,449
2000 $874,000,000 $21,473,528,161
1999 $441,800,000 $22,943,202,175
1998 $359,600,000 $21,802,893,587
1997 $295,900,000 $20,746,210,354
1996 $159,400,000 $19,587,161,807
1995 $134,800,000 $18,030,876,599
1994 $132,200,000 $15,633,174,304
1993 $160,400,000 $14,608,335,608
1992 $223,500,000 $15,496,708,060
1991 $348,000,000 $13,074,782,609
1990 $384,400,000 $12,290,568,182
1989 $786,300,000 $10,101,851,745
1988 $1,038,300,000 $10,096,245,762
1987 $972,800,000 $9,696,715,911
1986 $840,964,400 $9,017,806,654
1985 $851,296,100 $8,410,226,053
1984 $848,478,300 $8,254,541,195
1983 $823,374,900 $8,350,582,748
1982 $863,933,200 $8,133,580,052
1981 $846,514,500 $8,428,445,294
1980 $854,711,500 $8,744,134,354
1979 $814,067,900 $7,188,863,904
1978 $717,240,400 $5,968,460,080
1977 $673,010,600 $5,109,324,009
1976 $596,675,700 $4,508,191,942
1975 $577,549,300 $4,328,965,588
1974 $486,955,000 $3,545,868,575
1973 $386,968,300 $2,730,813,385
1972 $368,098,000 $2,237,556,149
1971 $341,543,100 $1,685,162,272
1970 $323,099,700 $1,439,238,095
1969 $306,961,800 $1,289,904,762
1968 $276,820,700 $1,214,666,667
1967 $261,024,300 $1,085,714,286
1966 $244,459,500 $1,040,952,381
1965 $229,260,800 $991,047,619
1964 $218,929,100 $1,025,866,792
1963 $200,229,600 $1,026,737,600
1962 $191,861,800 $880,027,733
1961 $183,920,900 $866,155,429
1960 $190,495,600 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

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

GDP per capita in Liberia vs Tunisia by year

Liberia
GDP per capita

GDP per capita, PPP
Tunisia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Liberia Tunisia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $851 $1,871 $4,181 $14,521
2023 $799 $1,795 $3,951 $14,041
2022 $745 $1,692 $3,707 $13,619
2021 $668 $1,539 $3,907 $12,444
2020 $617 $1,660 $3,549 $11,918
2019 $658 $1,900 $3,529 $12,495
2018 $692 $1,800 $3,628 $11,841
2017 $699 $1,665 $3,619 $11,289
2016 $715 $1,490 $3,848 $10,994
2015 $693 $1,340 $4,015 $10,783
2014 $707 $1,419 $4,459 $10,947
2013 $711 $1,360 $4,370 $10,672
2012 $638 $1,157 $4,297 $10,615
2011 $568 $1,041 $4,421 $10,436
2010 $492 $980 $4,292 $10,555
2009 $448 $939 $4,080 $10,237
2008 $452 $915 $4,255 $9,975
2007 $374 $873 $3,727 $9,479
2006 $321 $815 $3,323 $8,729
2005 $287.5 $774 $3,147 $8,117
2004 $284.1 $745 $3,067 $7,672
2003 $239.8 $716 $2,726 $7,098
2002 $299.5 $1,013 $2,321 $6,715
2001 $300 $987 $2,236 $6,593
2000 $298.5 $965 $2,199 $6,279
1999 $156.6 $762 $2,376 $5,930
1998 $134.7 $652 $2,285 $5,579
1997 $122.6 $548 $2,202 $5,333
1996 $71.4 $282.2 $2,107 $5,040
1995 $62.1 $254.4 $1,968 $4,686
1994 $61.5 $262.6 $1,733 $4,555
1993 $74.4 $328 $1,649 $4,401
1992 $107.8 $497 $1,785 $4,292
1991 $177.9 $793 $1,538 $3,975
1990 $172.9 $787 $1,476 $3,780
1989 $312 - $1,239 -
1988 $424 - $1,266 -
1987 $409 - $1,245 -
1986 $364 - $1,187 -
1985 $380 - $1,135 -
1984 $390 - $1,143 -
1983 $391 - $1,184 -
1982 $422 - $1,177 -
1981 $426 - $1,247 -
1980 $443 - $1,324 -
1979 $435 - $1,113 -
1978 $394 - $946 -
1977 $381 - $830 -
1976 $347 - $752 -
1975 $346 - $741 -
1974 $299.4 - $624 -
1973 $244.4 - $493 -
1972 $238.6 - $415 -
1971 $227.1 - $320 -
1970 $220.3 - $280.5 -
1969 $214.7 - $257.7 -
1968 $198.6 - $248.9 -
1967 $192.2 - $228 -
1966 $184.6 - $223.8 -
1965 $177.6 - $217.3 -
1964 $173.9 - $228.5 -
1963 $163.1 - $231.9 -
1962 $160.3 - $201.4 -
1961 $157.5 - $200.7 -
1960 $167.2 - - -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

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

Liberia's GDP per capita is $851, ranking 184/197, compared to $4,181 in Tunisia, ranking 129/197. Adjusted for purchasing power (GDP per capita PPP), Liberia ranks 188th at $1,871, while Tunisia ranks 114th at $14,521.

Economic indicators

Liberia Tunisia
Gross domestic product
$4.78B
2024
$51.3B
2024
GDP rank
163/197
2024
93/197
2024
GDP growth
4.02%
2023-2024
1.61%
2023-2024
GDP per capita
$851
2024
$4,181
2024
GDP per capita rank
184/197
2024
129/197
2024
GDP per capita, PPP
$1,871
2024
$14,521
2024
GDP per capita PPP rank
188/197
2024
114/197
2024
Government debt
$2.73B
2024
$42.8B
2024
Debt-to-GDP ratio
57.2%
2024
83.4%
2024
Government debt per person
$487
2024
$3,487
2024
Government debt per person rank
167/185
2024
94/185
2024
Average annual personal income after taxes
$1,191
2026
$3,951
2026
Market capitalization of domestic companies n/a
$8.3B
2024
Income share by richest 10%
27.1%
2016
27%
2021
Income share by poorest 10%
2.9%
2016
3.1%
2021
Government expenditure, % of GDP
24.3%
2024
33.8%
2024
Consumer prices inflation
8.2%
2023-2024
7%
2023-2024
Central bank interest rate n/a
7.5%
2025
Unemployment rate
5.93%
2017
15.1%
2023
Population
5887000
12437803

Spending and national debt comparison by year

Liberia
Spending

Debt
Tunisia
Spending

Debt
1x
Year % of GDP
Liberia Tunisia
Government spending Government debt Government spending Government debt
2024 24.3% 57.2% 33.8% 83.4%
2023 27.1% 57.8% 35.7% 84%
2022 26.9% 54.3% 36.5% 83%
2021 29.8% 53.3% 33.2% 79.7%
2020 35.3% 58.7% 34.5% 77.7%
2019 32.3% 48.6% 29.5% 67.3%
2018 32.7% 37.1% 28.7% 72.9%
2017 35.1% 31.8% 28.7% 67.1%
2016 35.8% 28.6% 27.2% 58.9%
2015 37.1% 24.8% 27.4% 52.4%
2014 33.4% 24.3% 27.7% 50.7%
2013 27.4% 20.6% 30.8% 45.6%
2012 30.8% 20.5% 28.3% 49%
2011 30.1% 22.7% 27.9% 43.3%
2010 25.2% 25.6% 24% 38.8%
2009 23.7% 130.9% 24.6% 40.3%
2008 21.6% 233.1% 23.7% 41.4%
2007 17.2% 394% 23.3% 42.7%
2006 11.1% 472% 22.9% 45.7%
2005 12.8% 535% 23% 50%
2004 12.1% 543% 23% 51.6%
2003 9.85% 658% 23.5% 52.6%
2002 13.2% 481% 24.1% 51.6%
2001 12.6% 484% 24% 52.2%
2000 15.2% 489% 24% 62.9%
1999 - - 24% 61.9%
1998 - - 24.2% 58.2%
1997 - - 24.5% 66.6%
1996 - - 26.7% 66.8%
1995 - - 26.6% 65.6%
1994 - - 25.9% 63.9%
1993 - - 26.7% 63.8%
1992 - - 25.7% 62.1%
1991 - - 27.6% 63.3%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1991–2024, retrieved 2026-02-20).

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

In 2024, Liberia's government spending was $1.16B, accounting for 24.3% of its GDP, while Tunisia spent $17.4B, or 33.8% of GDP.

Debt-to-GDP ratio is 57.2% in Liberia and 83.4% in Tunisia, ranking 91/185 and 40/185, respectively.

Government deficit by year

Deficit/surplus
Liberia

Tunisia
1x
Year Deficit/surplus, % of GDP
Liberia Tunisia
2024 -1.98% -5.92%
2023 -7.03% -7.03%
2022 -5.33% -6.91%
2021 -2.5% -7.6%
2020 -4.02% -9.06%
2019 -4.92% -3.6%
2018 -4.7% -4.27%
2017 -7.14% -5.61%
2016 -3.83% -5.87%
2015 -3.74% -4.95%
2014 -4.92% -3.11%
2013 1.29% -7.05%
2012 -2.86% -4.9%
2011 -4.43% -3.19%
2010 1.17% -0.46%
2009 -1.39% -2.59%
2008 -2.68% -0.62%
2007 2.44% -2.47%
2006 4.42% -2.33%
2005 -0.55% -2.59%
2004 -0.56% -2.1%
2003 0.39% -2.64%
2002 -1.63% -2.55%
2001 -0.98% -2.87%
2000 -0.08% -3.22%
1999 - -3.05%
1998 - -2.84%
1997 - -3.7%
1996 - -5.18%
1995 - -4.53%
1994 - -2.87%
1993 - -3.22%
1992 - -3.45%
1991 - -5.25%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1991–2024, retrieved 2026-02-20).

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

In 2024, Liberia's government deficit, the difference between spending and revenue, was $94.6M, equivalent to 1.98% of GDP. This compares to Tunisia's deficit of $3.04B, or 5.92% of GDP.

Over the past 25 years, Liberia recorded a fiscal deficit in 20 of those years, while Tunisia ran a deficit in 25 years. On average, Liberia posted an annual deficit equal to 2.22% of GDP, compared to deficit of 4.14% of GDP for Tunisia.

Inflation comparison by year

Inflation
Liberia

Tunisia
1x
Year Consumer prices inflation
Liberia Tunisia
2024 8.2% 7%
2023 10.1% 9.3%
2022 7.6% 8.3%
2021 7.8% 5.7%
2020 17% 5.6%
2019 27% 6.7%
2018 23.5% 7.3%
2017 12.4% 5.3%
2016 8.8% 3.6%
2015 7.7% 4.4%
2014 9.9% 4.6%
2013 7.6% 5.3%
2012 6.8% 4.6%
2011 8.5% 3.2%
2010 7.3% 4.4%
2009 7.4% 3.5%
2008 17.5% 4.9%
2007 11.4% 3.4%
2006 9.5% 4.1%
2005 6.9% 2%
2004 3.6% 3.7%
2003 10.3% 2.7%
2002 14.2% 2.7%
2001 12.1% 1.9%
2000 5.3% 2.8%
1999 2% 2.8%
1998 - 3.1%
1997 - 3.6%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20).

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

Over the past 26 years, Liberia has recorded an average annual inflation rate of 10.4%, compared with 4.61% in Tunisia. In 2024, inflation was 8.2% in Liberia and 7% in Tunisia.

Top exports between countries

Liberia
Export category Export value
Tunisia
Export category Export value
Raw materials & minerals $624K
Processed food, beverages & tobacco $525K
Animal & marine products $489K
Machinery & equipment $396K
Textiles & consumer goods $313K
Metals $297K
Wood & paper products $133K
Chemicals & pharma $76K
Miscellaneous $12K

Balance of trade

Liberia Tunisia
Current account balance
$64.8M
2022
-$775M
2024
Current account balance ranking
73/190
2022
117/190
2024
Current account balance, % of GDP
+1.62%
2022
-1.51%
2024
Goods imports
$1.53B
2022
$18.7B
2024
Goods exports
$1.03B
2022
$8.95B
2024
Service imports
$434M
2022
$3.92B
2024
Service exports
$192M
2022
$11.2B
2024
Imports of goods and services, % of GDP n/a
56.3%
2024
Exports of goods and services, % of GDP
28.5%
2025
50%
2024

Economic freedom indices

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

Liberia Tunisia
Economic freedom 49.8 48.1
Economic freedom ranking 163/197 172/197
Property rights 40.4 55.7
Government integrity 25.8 42.1
Judicial effectiveness 23.4 39.7
Tax burden 86.1 68.5
Government spending 79.5 62.5
Fiscal health 56.9 16
Business freedom 38 59.4
Labor freedom 43.4 55.8
Monetary freedom 71.4 72.4
Trade freedom 57.4 54.6
Investment freedom 55 20
Financial freedom 20 30

Economic freedom comparison by year

Liberia
Tunisia
1x
Year Economic freedom index
Liberia Tunisia
2026 49.8 48.1
2025 48.5 49.1
2024 49.9 48.8
2023 49.6 52.9
2022 47.9 54.2
2021 49.2 56.6
2020 49 55.8
2019 49.7 55.4
2018 50.9 58.9
2017 49.1 55.7
2016 52.2 57.6
2015 52.7 57.7
2014 52.4 57.3
2013 49.3 57
2012 48.6 58.6
2011 46.5 58.5
2010 46.2 58.9
2009 48.1 58
2008 - 60.1
2007 - 60.3
2006 - 57.5
2005 - 55.4
2004 - 58.4
2003 - 58.1
2002 - 60.2
2001 - 60.8
2000 - 61.3
1999 - 61.1
1998 - 63.9
1997 - 63.8
1996 - 63.9
1995 - 63.4

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09).

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

The Economic Freedom Index for Liberia is 49.8, ranking 163/197, compared to 48.1 for Tunisia, ranking 172/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Liberia Tunisia
Services, % of GDP
41.9%
2024
62.6%
2024
Industry, % of GDP
22.7%
2024
22.6%
2024
Agriculture, forestry, and fishing, % of GDP
33.8%
2024
9.74%
2024
GNI, Atlas method
$4.28B
2024
$47.7B
2024
GNI per capita, PPP
$1,750
2024
$14,230
2024
Total reserves including gold
$600M
2022
$9.34B
2024
Total reserves ranking
153/177
2022
80/177
2024
Net foreign direct investment
-$960M
2022
-$725M
2024
Net inflows of foreign direct investment
$472M
2024
$760M
2024
Net outflows of foreign direct investment
$74.9M
2024
$34.6M
2024
Servicing debt to the IMF, % of GNI
3.09%
2024
10.9%
2024
Poverty at national poverty lines
50.9%
2016
16.6%
2021
Gross capital formation, % of GDP n/a
7.86%
2024

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

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

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1991–2024, retrieved 2026-02-20)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  4. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  5. TradeMap (2022–2023, retrieved 2026-02-08)
  6. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  7. LivingCost (2026, retrieved 2025-10-14)

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.