Ministry of Public Works — Institutional Report

Institution Overview

• Institution: Ministry of Public Works
• Year: 2,024
• Quarter: Annual
• Expenditure (USD): 35,349,355
• Active Employees: 722
• Workforce Size: 780

Expenditure & Workforce Trends

• 2024 (Annual): Expenditure: 35,349,355 USD · Active: 722 · Workforce: 780
• 2023 (Annual): Expenditure: 33,348,448 USD · Active: 711 · Workforce: 768
• 2022 (Annual): Expenditure: 31,460,800 USD · Active: 701 · Workforce: 757
• 2021 (Annual): Expenditure: 29,680,000 USD · Active: 690 · Workforce: 745
• 2020 (Annual): Expenditure: 28,000,000 USD · Active: 680 · Workforce: 734

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 Public Works has demonstrated a consistent upward trajectory in fiscal allocations, rising from 28.00 million USD in 2020 to 35.35 million USD in 2024, reflecting the government's sustained commitment to infrastructure development. With an active workforce of 722 employees out of a capacity of 780, the Ministry serves as a critical engine for Liberia's capital expenditure needs. This budgetary growth aligns with a broader macroeconomic environment characterized by a projected 5 percent GDP growth rate and a stable, albeit challenged, fiscal landscape. As the nation targets a GDP of 5.64 billion USD by 2026, the Ministry's role in facilitating connectivity through road networks and public infrastructure remains a primary driver for supporting the projected 17 percent growth in the mining sector and overall economic expansion. However, the Ministry must navigate risks associated with a significant current account deficit of 14.8 percent of GDP and an inflation rate hovering around 8.2 percent. The reliance on public debt, currently at 54.6 percent of GDP, necessitates high-efficiency project delivery to ensure that every dollar of the 35.35 million USD budget translates into tangible productivity gains. Investment opportunities exist in optimizing maintenance and construction logistics, which could bolster private sector confidence and leverage the 520 million USD in projected FDI inflows. Looking forward, the Ministry is positioned to be a cornerstone of Liberia's structural transformation. By prioritizing cost-effective infrastructure investments and improving workforce efficiency, the Ministry can mitigate inflationary pressures and support the government's fiscal consolidation efforts. Sustained success will depend on the Ministry's ability to balance rapid development needs against the reality of a 33.6 percent poverty rate, ensuring that infrastructure projects provide long-term, equitable access to markets and essential services across the country.