Gross Domestic Product for Liberia
MKTGDPLRA646NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,750,000,000.00
Year-over-Year Change
70.15%
Date Range
1/1/1960 - 1/1/2024
Summary
The Gross Domestic Product (GDP) for Liberia is a key economic indicator that measures the total value of goods and services produced within the country. It is a widely-used metric for assessing the overall health and growth of Liberia's economy.
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
GDP is the broadest measure of a country's economic activity and is used by policymakers, analysts, and investors to evaluate economic performance. The Liberian GDP data provides insight into the size and structure of the nation's economy, guiding decisions on policies, investments, and resource allocation.
Methodology
The Liberian GDP data is collected and calculated by the World Bank using national accounts and statistical surveys.
Historical Context
The Liberian GDP trend is closely monitored by the government, international institutions, and global markets to assess the country's economic progress and development.
Key Facts
- Liberia's GDP was $3.4 billion in 2021.
- The GDP per capita in Liberia was $841 in 2021.
- Liberia's GDP growth rate was 5.3% in 2021.
FAQs
Q: What does this economic trend measure?
A: The Gross Domestic Product (GDP) for Liberia measures the total value of goods and services produced within the country during a specific time period.
Q: Why is this trend relevant for users or analysts?
A: The Liberian GDP trend is a crucial indicator of the country's overall economic performance and growth, providing insights that inform policy decisions, investment strategies, and economic analyses.
Q: How is this data collected or calculated?
A: The Liberian GDP data is collected and calculated by the World Bank using national accounts and statistical surveys.
Q: How is this trend used in economic policy?
A: Liberia's GDP trend is closely monitored by the government, international institutions, and global markets to assess the country's economic progress and development, guiding decisions on policies, investments, and resource allocation.
Q: Are there update delays or limitations?
A: The Liberian GDP data is subject to periodic updates, and there may be some delays in the availability of the most recent figures.
Related Trends
Real Gross Domestic Product for Liberia
LBRNGDPRPCPPPT
Net Lending (+) / Net Borrowing (-) (balance from Financial Account) as Direct Investment for Liberia
LBRBFDBP6GDPPT
Number of Identified Exporters to Liberia from Maryland
MDLBRA475SCEN
Number of Identified Exporters to Liberia from Kentucky
KYLBRA475SCEN
Use of Financial Services, Assets: Outstanding Loans at Non-deposit Taking Microfinance Institutions (MFIs) for Liberia
LBRFCSMMFXDC
Total Expenditure of General Government for Liberia
LBRGGXG01GDPPT
Citation
U.S. Federal Reserve, Gross Domestic Product for Liberia (MKTGDPLRA646NWDB), retrieved from FRED.