Ministry of Justice — Institutional Report

Institution Overview

• Institution: Ministry of Justice
• Year: 2,024
• Quarter: Annual
• Expenditure (USD): 20,199,631
• Active Employees: 1,539
• Workforce Size: 1,662

Expenditure & Workforce Trends

• 2024 (Annual): Expenditure: 20,199,631 USD · Active: 1,539 · Workforce: 1,662
• 2023 (Annual): Expenditure: 19,056,256 USD · Active: 1,516 · Workforce: 1,637
• 2022 (Annual): Expenditure: 17,977,600 USD · Active: 1,494 · Workforce: 1,614
• 2021 (Annual): Expenditure: 16,960,000 USD · Active: 1,472 · Workforce: 1,590
• 2020 (Annual): Expenditure: 16,000,000 USD · Active: 1,450 · Workforce: 1,566

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 Justice has demonstrated a consistent upward trajectory in budgetary allocations, reflecting its critical role in national stability and the broader economic framework of Liberia. Expenditure has risen steadily from 16 million USD in 2020 to 20.19 million USD in 2024, mirroring the institutional focus on maintaining the rule of law within a landscape where GDP growth is projected at 5 percent by 2026. With 1,539 active employees supporting a total workforce size of 1,662, the Ministry remains a significant component of public sector employment, operating against a macroeconomic backdrop characterized by a 5.25 billion USD nominal GDP and a manageable fiscal deficit. The institution's financial performance is closely tied to the government's ability to maintain a 15.9 percent tax revenue-to-GDP ratio, providing the necessary fiscal space to fund justice and security operations. Although the broader economy faces structural challenges such as a 14.4 percent current account deficit and an 8.5 percent headline inflation rate, the Ministry's stable growth in funding suggests a prioritization of institutional capacity-building as a prerequisite for sustained development. Investment opportunities within the sector involve the modernization of digital case management systems and the enhancement of legal infrastructure, both of which are essential to support the projected 17 percent growth in the mining sector and attract the 520 million USD in expected FDI inflows. Risks remain, particularly regarding inflationary pressures and the potential for public debt levels to impact fiscal agility; however, the Ministry is well-positioned to mitigate these by optimizing human capital efficiency and fostering a predictable legal environment. Moving forward, the outlook for the Ministry of Justice is optimistic, as its operational alignment with national growth targets and macroeconomic stability initiatives will be pivotal in maintaining the investor confidence necessary to drive long-term economic development and poverty reduction.