Liberia projects 5.5 percent GDP growth for 2026

Liberia’s Finance and Development Planning Minister, Augustine Kpehe Ngafuan, has reported positive economic trends during the 56th Meeting of the Convergence Council of the West African Monetary Zone (WAMZ). Real GDP growth is estimated at 5.1 percent for 2025 and is projected to reach approximately 5.5 percent in 2026.

This expansion is largely driven by the primary sector, specifically iron ore mining, which is expected to more than double in production in 2026. The secondary sector is also projected to grow by 5.9 percent following a previous contraction, supported by cement and beverage production. Additionally, the tertiary sector is expected to expand by 3.7 percent, aided by investments in electricity and construction.

To support this growth, the government is prioritizing infrastructure projects, including the Monrovia-Freetown highway and road corridors linking Liberia to Côte d’Ivoire. While the government highlights improved revenue collection, falling inflation, and progress toward the proposed Eco single currency for 2027, observers note persistent challenges. These include the economy’s heavy dependence on extractive industries, high living costs, and the need to ensure growth translates into improved livelihoods for the general population.