General Government Revenue for Liberia
LBRGGRG01GDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
15.93
Year-over-Year Change
6.16%
Date Range
1/1/2005 - 1/1/2026
Summary
The 'General Government Revenue for Liberia' trend measures the total revenue collected by the Liberian government, including taxes, social contributions, and other receipts. This metric is a key indicator of the government's fiscal health and ability to fund public services.
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
General government revenue represents the income that the Liberian government generates through various sources, such as taxation, social contributions, and other revenue streams. This indicator is widely used by economists and policymakers to assess the government's financial capacity, budget planning, and overall economic performance.
Methodology
The data is compiled by the World Bank based on reports from the Liberian government.
Historical Context
This trend is closely monitored by international financial institutions, investors, and economic analysts to understand Liberia's fiscal position and the sustainability of its public finances.
Key Facts
- Liberia's general government revenue was 28.3% of GDP in 2020.
- Tax revenue accounts for over 60% of Liberia's total government revenue.
- The government has set a target of increasing revenue to 30% of GDP by 2023.
FAQs
Q: What does this economic trend measure?
A: The 'General Government Revenue for Liberia' trend measures the total revenue collected by the Liberian government, including taxes, social contributions, and other receipts.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of the government's fiscal health and ability to fund public services, making it highly relevant for economists, policymakers, and investors analyzing Liberia's economic performance and sustainability.
Q: How is this data collected or calculated?
A: The data is compiled by the World Bank based on reports from the Liberian government.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by international financial institutions, investors, and economic analysts to understand Liberia's fiscal position and the sustainability of its public finances, which informs policy decisions and economic forecasts.
Q: Are there update delays or limitations?
A: The data is published annually with a delay, and may be subject to revisions by the Liberian government and the World Bank.
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Citation
U.S. Federal Reserve, General Government Revenue for Liberia (LBRGGRG01GDPPT), retrieved from FRED.