Ministry of Health — Institutional Report

Institution Overview

• Institution: Ministry of Health
• Year: 2,024
• Quarter: Annual
• Expenditure (USD): 47,974,124
• Active Employees: 1,751
• Workforce Size: 1,891

Expenditure & Workforce Trends

• 2024 (Annual): Expenditure: 47,974,124 USD · Active: 1,751 · Workforce: 1,891
• 2023 (Annual): Expenditure: 45,258,608 USD · Active: 1,725 · Workforce: 1,863
• 2022 (Annual): Expenditure: 42,696,800 USD · Active: 1,700 · Workforce: 1,836
• 2021 (Annual): Expenditure: 40,280,000 USD · Active: 1,675 · Workforce: 1,809
• 2020 (Annual): Expenditure: 38,000,000 USD · Active: 1,650 · Workforce: 1,782

National Macroeconomic Indicators

| Indicator | Value | Year | Trend | |---|---|---|---| | GDP (Current Prices) | 5.64 USD Billions | 2026 | up | | International Reserves | 2.9 Months of Import Cover | 2026 | up | | Public Debt | 54.6 % of GDP | 2026 | down | | Inflation Rate (CPI) | 8.2 % | 2026 | up | | GDP Growth Rate | 5 % | 2026 | stable | | Fiscal Deficit | 2.7 % of GDP | 2026 | up | | Current Account Deficit | 14.8 % of GDP | 2026 | up | | LRD/USD Exchange Rate | 183.9 LRD per USD | 2026 | up | | Real GDP Growth Rate | 5.4 % | 2026 | up | | Government Expenditure | 916.6 USD Millions | 2025 | up | | Tax Revenue to GDP Ratio | 15.9 % | 2025 | up | | Poverty Rate | 33.6 % | 2025 | up | | Unemployment Rate | 2.9 % | 2025 | stable | | Non-Performing Loans Ratio | 16.2 % | 2025 | stable | | Government Revenue | 880.7 USD Millions | 2025 | up | | FDI Inflows | 520 USD Millions | 2025 | up | | Capital Adequacy Ratio | 35 % | 2025 | stable | | Mining Sector Growth | 17 % | 2025 | up | | Central Bank Policy Rate | 16.25 % | 2025 | down | | Headline Inflation | 8.5 % | 2025 | down | | Gross Domestic Product (Nominal) | 5.25 USD billion | 2025 | up | | Population Growth Rate | 2.1 % | 2025 | stable | | Tax Revenue to GDP | 15.9 % | 2025 | up | | GDP (current US$) | 5.25 USD billion | 2025 | up | | Primary Fiscal Surplus | 1.4 % of GDP | 2025 | up | | Monetary Policy Rate | 16.25 % | 2025 | down | | GDP per Capita | 915.3 USD | 2025 | up | | Inflation Rate | 6.1 % | 2025 | down | | Real Non-Oil GDP Growth | 4.57 % | 2025 | up | | Total Population | 5,731,206 people | 2025 | up | | Nominal GDP | 5.64 USD billion | 2025 | up | | GDP per capita | 915.3 USD | 2025 | up | | Inflation Rate (Annual Average) | 8.5 % | 2025 | up | | Current Account Deficit to GDP | 14.4 % | 2025 | down | | Gross Domestic Product (GDP) | 5.25 USD billion | 2025 | up | | Public Debt to GDP | 54.6 % | 2025 | down | | Overall Fiscal Deficit to GDP | 1.1 % | 2025 | down | | Inflation Rate (Consumer Prices) | 6 % | 2025 | down |

National Trade Context

• Year: 2,026
• Total Exports (USD): 199.97
• Total Imports (USD): 261.94
• Trade Balance (USD): -61.97
• FDI Inflows (USD): 0
• Remittances (USD): 84.78
• Top Export Commodity: Rubber
• Top Import Commodity: Fuel

Private Sector Context (National)

• Year: 2,024
• Total GDP Contribution (USD M): 545.5
• ArcelorMittal Liberia: 480,000,000 USD revenue · 3,200 employees
• Firestone Natural Rubber: 185,000,000 USD revenue · 6,800 employees
• BRAC Liberia: 12,000,000 USD revenue · 450 employees
• Save the Children Liberia: 8,500,000 USD revenue · 320 employees
• SME Sector Aggregate: 95,000,000 USD revenue · 18,500 employees

Economic Analysis & Outlook

The Ministry of Health in Liberia has demonstrated a consistent upward trajectory in fiscal allocation, with expenditure rising from 38 million USD in 2020 to 47.97 million USD in 2024. This budgetary expansion reflects the government's prioritized focus on strengthening the healthcare infrastructure to serve a growing population of over 5.7 million people. With a workforce of 1,751 active employees out of 1,891, the ministry maintains a high capacity for service delivery; however, this must be balanced against broader macroeconomic constraints, including a 2026 projected inflation rate of 8.2 percent and a public debt-to-GDP ratio of 54.6 percent. Sustaining this funding momentum is critical to addressing the national poverty rate of 33.6 percent and ensuring equitable health access across the country. Sectoral performance is heavily influenced by the nation's overall economic health, characterized by a projected 5 percent GDP growth rate for 2026. While the mining sector shows robust expansion at 17 percent, the ministry remains dependent on government revenues, which are projected at 880.7 million USD for 2025. Investment opportunities exist in digital health transformation and the modernization of medical supply chains, which could optimize current expenditure and improve efficiency. Attracting development partners and private sector FDI to supplement the fiscal budget will be vital for long-term sustainability, particularly as the country manages a current account deficit of 14.8 percent of GDP. Looking ahead, the Ministry of Health must navigate the challenges of currency depreciation and inflationary pressures while maintaining essential service coverage. The forward-looking outlook suggests that success hinges on prudent fiscal management and the integration of technological advancements to enhance healthcare outcomes. By aligning health spending with broader macroeconomic stabilization efforts, the ministry can contribute significantly to increasing the national GDP per capita and mitigating the long-term impact of poverty on public health.