Ministry of Agriculture — Institutional Report

Institution Overview

• Institution: Ministry of Agriculture
• Year: 2,024
• Quarter: Annual
• Expenditure (USD): 15,149,724
• Active Employees: 573
• Workforce Size: 619

Expenditure & Workforce Trends

• 2024 (Annual): Expenditure: 15,149,724 USD · Active: 573 · Workforce: 619
• 2023 (Annual): Expenditure: 14,292,192 USD · Active: 565 · Workforce: 610
• 2022 (Annual): Expenditure: 13,483,200 USD · Active: 556 · Workforce: 600
• 2021 (Annual): Expenditure: 12,720,000 USD · Active: 548 · Workforce: 592
• 2020 (Annual): Expenditure: 12,000,000 USD · Active: 540 · Workforce: 583

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

Social Programs (National Context)

• Year: 2,024
• Total Programs: 10
• Total Funding (USD): 20,500,000
• Government-Funded (USD): 10,000,000
• Total Beneficiaries: 460,000
• National School Feeding Program: 4,500,000 USD · Montserrado · government
• Urban Cash Transfer Program: 3,200,000 USD · Montserrado · ngo_donor
• Community Health Worker Initiative: 2,100,000 USD · Nimba · ngo_donor
• County Development Fund Projects: 1,800,000 USD · Nimba · government
• Agricultural Inputs Subsidy: 1,500,000 USD · Bong · government
• Rural Education Support: 950,000 USD · Bong · ngo_donor

National Trade Trends (Multi-Year)

• 2023: Exports: 920 · Imports: 1,340 · Balance: -420 · FDI: 312
• 2024: Exports: 1,304 · Imports: 1,728 · Balance: -424 · FDI: 0
• 2025: Exports: 3,180 · Imports: 3,420 · Balance: -240 · FDI: 520
• 2026: Exports: 199.97 · Imports: 261.94 · Balance: -61.97 · FDI: 0
• 2026: Exports: 3,650 · Imports: 4,000 · Balance: -350 · FDI: 560

Economic Analysis & Outlook

The Ministry of Agriculture (MoA) serves as a critical pillar for Liberia's economic trajectory, with its annual budget showing a consistent upward trend, climbing from 12 million USD in 2020 to 15.15 million USD by 2024. This fiscal expansion reflects the government's strategic focus on strengthening the agricultural base to bolster food security and economic resilience. Currently operating with a staff of 573 out of a 619-person workforce, the Ministry is well-positioned to leverage its resources to drive sectoral growth, particularly as the broader national economy projects a 5 percent GDP growth rate by 2026. With the private sector already contributing over 1 billion USD to the national GDP, the MoA’s administrative spending is vital in guiding this momentum toward sustainable development and poverty reduction for a population exceeding 5.7 million people. Investment opportunities within this sector are abundant, especially given the need to bridge the current trade gap where imports at 261.94 million USD exceed exports of 199.97 million USD. By focusing on productivity enhancements and export-oriented value chains, the Ministry can capitalize on the favorable macroeconomic environment, characterized by a stabilizing inflation rate and a projected nominal GDP of 5.64 billion USD by 2026. However, the Ministry must navigate systemic risks, including a high current account deficit and the necessity to manage public debt which stands at 54.6 percent of GDP. Balancing these fiscal constraints against the mandate for agricultural transformation requires the MoA to improve operational efficiency and ensure that its rising budget allocations yield high-impact outcomes. Looking ahead, the Ministry's forward-looking outlook remains cautiously optimistic, contingent on its ability to stimulate rural development and modernize farming techniques. By aligning its initiatives with national fiscal priorities, such as the 15.9 percent tax revenue-to-GDP ratio, the MoA can play a pivotal role in shifting the economy away from reliance on mining and external trade toward a more diversified and food-secure future.