Goods and Services: Net for Liberia
LBRBGSBP6GDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-7.12
Year-over-Year Change
-83.96%
Date Range
1/1/2000 - 1/1/2026
Summary
The 'Goods and Services: Net for Liberia' series measures the difference between a country's exports and imports of goods and services as a percentage of its gross domestic product (GDP). This metric is a key indicator of a nation's trade balance and economic competitiveness.
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
The 'Goods and Services: Net' statistic represents the net trade position of a country, capturing the flow of goods and services crossing its borders. It is an important measure of economic health and global integration, shedding light on a nation's competitiveness and capacity to generate foreign exchange earnings.
Methodology
This data is collected and calculated by the World Bank based on balance of payments statistics.
Historical Context
Policymakers and analysts use this metric to evaluate a country's trade performance and current account position, which informs economic and trade policy decisions.
Key Facts
- Liberia's Goods and Services: Net as % of GDP was -37.4% in 2021.
- A negative net trade position indicates Liberia imported more goods and services than it exported.
- The trade deficit has widened in recent years as imports have grown faster than exports.
FAQs
Q: What does this economic trend measure?
A: The 'Goods and Services: Net for Liberia' metric measures the difference between the country's exports and imports of goods and services as a percentage of its gross domestic product (GDP).
Q: Why is this trend relevant for users or analysts?
A: This indicator is an important measure of Liberia's trade balance and economic competitiveness, providing insights into the country's capacity to generate foreign exchange earnings and its integration with the global economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank based on balance of payments statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to evaluate Liberia's trade performance and current account position, which informs economic and trade policy decisions.
Q: Are there update delays or limitations?
A: There may be some delays in data reporting and updates, as the information is sourced from international statistical agencies.
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Citation
U.S. Federal Reserve, Goods and Services: Net for Liberia (LBRBGSBP6GDPPT), retrieved from FRED.