Ministry of Education — Institutional Report

Institution Overview

• Institution: Ministry of Education
• Year: 2,024
• Quarter: Annual
• Expenditure (USD): 56,811,463
• Active Employees: 1,964
• Workforce Size: 2,121

Expenditure & Workforce Trends

• 2024 (Annual): Expenditure: 56,811,463 USD · Active: 1,964 · Workforce: 2,121
• 2023 (Annual): Expenditure: 53,595,720 USD · Active: 1,935 · Workforce: 2,090
• 2022 (Annual): Expenditure: 50,562,000 USD · Active: 1,906 · Workforce: 2,058
• 2021 (Annual): Expenditure: 47,700,000 USD · Active: 1,878 · Workforce: 2,028
• 2020 (Annual): Expenditure: 45,000,000 USD · Active: 1,850 · Workforce: 1,998

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 Education demonstrates a consistent upward trajectory in fiscal allocation, with expenditures rising from 45 million USD in 2020 to 56.8 million USD in 2024, reflecting a sustained commitment to human capital development. This steady growth, averaging approximately 6% annually, aligns with broader macroeconomic improvements as the national economy projects a 5% GDP growth rate by 2026. With a workforce of 1,964 active employees out of a total staff of 2,121, the Ministry maintains high operational engagement, though it must navigate an environment characterized by 8.5% headline inflation and a complex fiscal landscape where public debt sits at 54.6% of GDP. The sector acts as a critical anchor for long-term stability, particularly as the nation strives to improve productivity in the face of a 33.6% poverty rate. Opportunities for strategic investment are significant, particularly in digital educational infrastructure and vocational training, which could bolster the non-oil sector growth currently estimated at 4.57%. By leveraging the projected rise in GDP and maintaining efficient fiscal management, the Ministry is well-positioned to enhance service delivery. However, risks remain regarding the volatility of the LRD/USD exchange rate and the current account deficit of 14.4% of GDP, which could pressure future budgetary scaling. Looking forward, the Ministry of Education must prioritize cost-effective pedagogical reforms and partnerships with the private sector to maximize its impact on human capital, ensuring that the growing youth population can effectively contribute to the nation's 5.4% real GDP growth trajectory.