Real Gross Domestic Product for Liberia
LBRNGDPRPCPPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.53
Year-over-Year Change
695.87%
Date Range
1/1/2001 - 1/1/2026
Summary
The Real Gross Domestic Product for Liberia measures the total value of all goods and services produced in the country, adjusted for inflation. This metric is a key indicator of Liberia's economic health and growth.
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
Real GDP for Liberia represents the broadest measure of the country's economic activity. It is used by policymakers, analysts, and investors to assess Liberia's economic performance and make informed decisions.
Methodology
The data is calculated by the Liberian Institute of Statistics and Geo-Information Services based on surveys and estimates of economic output.
Historical Context
Real GDP is a critical input for fiscal and monetary policy decisions in Liberia.
Key Facts
- Liberia's real GDP grew by 2.5% in 2021.
- Agriculture accounts for over 60% of Liberia's real GDP.
- The World Bank projects Liberia's real GDP to grow 3.6% in 2023.
FAQs
Q: What does this economic trend measure?
A: The Real Gross Domestic Product for Liberia measures the total value of all goods and services produced in the country, adjusted for inflation.
Q: Why is this trend relevant for users or analysts?
A: Real GDP is a key indicator of Liberia's economic health and growth, making it highly relevant for policymakers, analysts, and investors.
Q: How is this data collected or calculated?
A: The data is calculated by the Liberian Institute of Statistics and Geo-Information Services based on surveys and estimates of economic output.
Q: How is this trend used in economic policy?
A: Real GDP is a critical input for fiscal and monetary policy decisions in Liberia, as it helps policymakers assess the country's economic performance and make informed policy choices.
Q: Are there update delays or limitations?
A: The data may be subject to revisions and updates, and there may be lags in the release of the most recent figures.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product for Liberia (LBRNGDPRPCPPPT), retrieved from FRED.