Total Expenditure of General Government for Liberia
LBRGGXG01GDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
22.13
Year-over-Year Change
-33.84%
Date Range
1/1/2000 - 1/1/2026
Summary
The 'Total Expenditure of General Government for Liberia' series measures the total government spending in Liberia as a percentage of its gross domestic product (GDP). This metric is crucial for economists and policymakers to assess the size and fiscal policy of the Liberian government.
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
This economic indicator represents the total expenditure by the Liberian government, including spending on public services, infrastructure, social programs, and other budgetary outlays. It provides insights into the government's role in the national economy and helps analyze fiscal sustainability and policy effectiveness.
Methodology
The data is collected and reported by the International Monetary Fund (IMF) based on Liberia's national accounts and government finance statistics.
Historical Context
Analysts use this trend to evaluate Liberia's fiscal policy, budget priorities, and the government's influence on the country's economic development.
Key Facts
- Liberia's general government expenditure averaged 30.4% of GDP from 2010 to 2021.
- Government spending peaked at 35.5% of GDP in 2020 due to the COVID-19 pandemic.
- Liberia's government expenditure is higher than the sub-Saharan African average of around 20% of GDP.
FAQs
Q: What does this economic trend measure?
A: The 'Total Expenditure of General Government for Liberia' series measures the total spending by the Liberian government, including on public services, infrastructure, and social programs, as a percentage of the country's GDP.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the size and role of the Liberian government in the national economy, which is crucial for evaluating fiscal policy, budget priorities, and the government's influence on economic development.
Q: How is this data collected or calculated?
A: The data is collected and reported by the International Monetary Fund (IMF) based on Liberia's national accounts and government finance statistics.
Q: How is this trend used in economic policy?
A: Analysts and policymakers use this trend to assess Liberia's fiscal sustainability, evaluate the government's budgetary decisions, and understand the government's role in the country's economic development.
Q: Are there update delays or limitations?
A: The data is subject to the reporting schedule and availability from the IMF, which may result in occasional update delays.
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Citation
U.S. Federal Reserve, Total Expenditure of General Government for Liberia (LBRGGXG01GDPPT), retrieved from FRED.