IMF Confirms Liberia's Economy Grew 5.1% in 2025, Fastest Pace Since 2024
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The IMF's third review of Liberia's Extended Credit Facility program confirms 5.1 percent GDP growth for 2025, up from 4.0 percent the previous year, driven by mining and steadier inflation.
The International Monetary Fund has confirmed that Liberia's real GDP grew by 5.1 percent in 2025, up from 4.0 percent in 2024, as part of the Fund's third review under Liberia's Extended Credit Facility arrangement, originally approved by the IMF Executive Board in September 2024.
IMF mission chief Daehaeng Kim attributed the acceleration to "strong mining activity and moderate expansion in the agriculture and services sectors," pointing to a broader base of growth rather than reliance on any single export commodity. The mission also highlighted a sharp improvement in price stability: inflation fell from 12.5 percent in the first quarter of 2025 to 4.4 percent by the fourth quarter, alongside stable exchange rates.
On the fiscal side, the government's primary surplus improved to 1.4 percent of GDP, beating the program's 1.1 percent target, a sign officials point to as evidence that revenue and spending discipline are taking hold even as growth picks up. The IMF nonetheless cautioned that the gains remain conditional on continued reform follow-through, citing prudent fiscal policy, stronger domestic revenue collection, improved public financial management, and more effective monetary policy as priorities for locking in the recent stability.
The growth figures give the Boakai administration a positive data point to set against ongoing criticism over unpaid government bills and pressure on the banking sector, even as the IMF's own review makes clear that sustaining the momentum will depend on reforms that are still a work in progress rather than complete.