President Boakai Boasts of 5.1 Percent Economic Growth
January 27, 2026
By Lazota Bility
President Joseph Boakai has announced a 5.1 percent increase in Liberia’s economic growth, describing it as a major achievement of his administration.
President Boakai said the country’s economy has significantly improved since his government assumed power. According to him, Liberia is now in a better state than before, with economic growth reaching 5.1 percent in 2025.
The President attributed the progress to disciplined fiscal management, sound economic policies, and strong partnerships. He noted that these efforts have helped restore stability and public trust, while strengthening resilience through steady growth, declining inflation, stronger reserves, and renewed momentum across key sectors. “We are proud to announce that the economy grew by 5.1 percent in 2025, this exceeded both the 4.6 percent forecast and the 4.0 percent growth recorded in 2024,” President Boakai stated.
He explained that the growth was driven by significant gains in mining, agriculture, fisheries, and services. According to him, the mining sector expanded by 17 percent, while exports rose by 31.5 percent.
President Boakai further highlighted that ongoing reforms and infrastructure investments are expected to push economic growth beyond 5 percent in 2026, with an average growth rate of about 6 percent projected between 2026 and 2028.
At the same time, the President lauded Liberia’s external sector performance in 2025. He disclosed that gross international reserves increased from US$475 million in 2024 to US$576 million in 2025, marking a rise of US$101 million.
“Net international reserves exceeded IMF targets, potentially reaching US$280 million by December 2025, while exports grew by over 31 percent to approximately US$2.1 billion,” he added. The Liberian leader also underscored the Central Bank of Liberia’s commitment to rebuilding public trust through strengthened governance, improved accountability, and transparent management of government securities.
According to him, in 2025 the Central Bank issued US$44.4 million, rolled over US$132.1 million, and L$7.6 billion. He further noted that, for the first time in decades, the Bank recorded consecutive operational surpluses in 2024 and 2025. The President made the statement when he Delivered his State of the Nation Address on Monday, January 26, 2026,
