Constant GDP per capita for Liberia
NYGDPPCAPKDLBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
670.03
Year-over-Year Change
-0.64%
Date Range
1/1/1960 - 1/1/2024
Summary
The Constant GDP per capita for Liberia measures the total economic output per person in the country, adjusted for inflation. This metric is critical for economists and policymakers to assess Liberia's standard of living and economic development over time.
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
Constant GDP per capita is a key indicator of a country's economic well-being. It tracks the average income level in Liberia, providing insights into the nation's productivity, growth, and living standards. This data series is widely used to make cross-country comparisons and inform economic policies.
Methodology
The data is calculated by the World Bank using Liberia's real GDP and population figures.
Historical Context
Policymakers and international institutions rely on Liberia's constant GDP per capita to monitor the country's progress and determine appropriate economic interventions.
Key Facts
- Liberia's constant GDP per capita was $713 in 2021.
- GDP per capita has grown by 10% in Liberia over the past decade.
- Liberia's GDP per capita is significantly lower than the global average.
FAQs
Q: What does this economic trend measure?
A: The Constant GDP per capita for Liberia measures the total economic output per person in the country, adjusted for inflation.
Q: Why is this trend relevant for users or analysts?
A: This metric is critical for economists and policymakers to assess Liberia's standard of living and economic development over time.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using Liberia's real GDP and population figures.
Q: How is this trend used in economic policy?
A: Policymakers and international institutions rely on Liberia's constant GDP per capita to monitor the country's progress and determine appropriate economic interventions.
Q: Are there update delays or limitations?
A: The data is published annually with a slight delay, and may not capture all economic activities in the informal sector.
Related Trends
Use of Financial Services: Key Indicators, Outstanding Small and Medium Enterprises (SME) Deposits with Commercial Banks for Liberia
LBRFCLODCSGGDPPT
Liquid Liabilities to GDP for Liberia
DDDI05LRA156NWDB
Number of Identified Exporters to Liberia from New Hampshire
NHLBRA475SCEN
Official External Debt: Debtor Based for Liberia
LBRDGGDPPT
Value of Exports to Liberia from Arkansas
ARLBRA052SCEN
Number of Identified Exporters to Liberia from Pennsylvania
PALBRA475SCEN
Citation
U.S. Federal Reserve, Constant GDP per capita for Liberia (NYGDPPCAPKDLBR), retrieved from FRED.