National Debt (% of GDP): Liberia

Analysis# Liberia National Debt (% of GDP) Liberia's national debt stood at 54.2% of GDP in 2026, representing a dramatic recovery from its catastrophic peak of 600.1% in 2003. The country achieved its lowest ratio of 20.5% in 2012, demonstrating significant progress toward fiscal stability. Overall, Liberia has reduced its debt burden by 88.4% since 2000, marking one of the most substantial debt corrections in recent economic history. The most striking shift occurred between 2003 and 2012, when aggressive debt restructuring and post-conflict recovery efforts cut the ratio by 97%. However, debt levels have been rising steadily since 2017, climbing from 31.8% to 57.8% by 2023. Recent projections suggest a modest stabilization, with 2026 expectations showing a slight decline to 54.2%, indicating potential consolidation after years of upward pressure.