After the COVID-19 crisis, the Liberian economy recovered in 2021. GDP is estimated to have grown by 3.1 percent after a decline of 3.0 percent in 2020. Inflation declined from 17 percent in 2020 to 8.0 percent in 2021. The current account deficit widened to 17.4 percent of GDP in 2021 from 16.1 percent in 2020. International reserves stood at US$716 million in December 2021 or 4.4 months of import cover, mainly due to the allocation of SDR 247.7 million.(Download detailed Analysis Source : Report African Economic Outlook 2022 ; AfDB)
In June 2017, the banking sector of Liberia represented a total asset of $ 0.93 billion.
Credit distributed to businesses represents $0.47 billion and, more broadly, credit to private sector totaling $0.56 billion.
