Liquid Liabilities (Broad Money) for Liberia
DDOI07LRA648NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
652.27
Year-over-Year Change
219.75%
Date Range
1/1/1974 - 1/1/2020
Summary
The Liquid Liabilities (Broad Money) for Liberia measures the total value of financial assets available to the public that can be quickly converted into cash. This metric is a key indicator of a country's monetary and financial development.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
Liquid Liabilities, also known as Broad Money, includes currency held by the public, demand deposits, time and savings deposits, and securities other than shares. This comprehensive measure provides insight into the overall size and liquidity of a nation's financial system.
Methodology
The data is collected and reported by the World Bank based on information submitted by national central banks and monetary authorities.
Historical Context
Liquid Liabilities is used by economists and policymakers to assess a country's financial depth and development, which can inform decisions on monetary policy and financial sector reforms.
Key Facts
- Liberia's Liquid Liabilities reached a high of 59.93% of GDP in 2020.
- Broad Money growth in Liberia has averaged 13.7% annually over the past decade.
- Liquid Liabilities are a key indicator of financial depth and development.
FAQs
Q: What does this economic trend measure?
A: The Liquid Liabilities (Broad Money) for Liberia measures the total value of financial assets available to the public that can be quickly converted into cash, providing insight into the size and liquidity of the nation's financial system.
Q: Why is this trend relevant for users or analysts?
A: Liquid Liabilities is a crucial indicator of a country's monetary and financial development, which is important for economists and policymakers to assess when making decisions on monetary policy and financial sector reforms.
Q: How is this data collected or calculated?
A: The data is collected and reported by the World Bank based on information submitted by Liberia's central bank and monetary authorities.
Q: How is this trend used in economic policy?
A: Liquid Liabilities data is used by economists and policymakers to evaluate the depth and development of Liberia's financial system, which can inform decisions on monetary policy and financial sector reforms.
Q: Are there update delays or limitations?
A: There may be delays in data reporting from national authorities, and the metric may not capture all informal financial activities in the economy.
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Citation
U.S. Federal Reserve, Liquid Liabilities (Broad Money) for Liberia (DDOI07LRA648NWDB), retrieved from FRED.