A method is provided for producing a liquid crystal polyester including: (1) polycondensing a mixture of a compound of formula (I) with a compound of formula (II) in a polymerization tank at 260 to 350° C. to form a prepolymer, wherein a ratio of by-products to be distilled off to the theoretical amount of by-products formed when the compound of formula (I) is polycondensed with the compound of formula (II) in a stoichiometric relation is 95% or more; (2) continuously discharging the prepolymer from the polymerization tank in a molten state, solidifying the prepolymer while transferring, and continuously grinding the solidified prepolymer by a grinder provided downstream in a transfer direction to produce prepolymer particles; and (3) heat-treating the prepolymer particles in their solid state under an inert gas atmosphere, thereby subjecting them to solid phase polymerization.