Key Market Indicators
Liberian vehicle registration is projected to decline to approximately 188 units by 2028, down from around 246 units in 2023. This represents a year-on-year compound annual growth rate (CAGR) decline of 4.2%. Since 2010, the Liberian vehicle market has been shrinking at an average rate of 3.1% annually. In 2023, Liberia was ranked 128th in terms of vehicle registration, with Kyrgyzstan surpassing Liberia by registering 246 units. In the global rankings, Canada, China, and Austria occupied the second, third, and fourth positions, respectively.
