Terms of Trade for Goods for Liberia
LBRTTTIX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
75.92
Year-over-Year Change
24.97%
Date Range
1/1/2000 - 1/1/2026
Summary
The Terms of Trade for Goods for Liberia measures the ratio of Liberia's export prices to its import prices, providing insight into the country's trade dynamics and purchasing power in the global 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
This economic indicator tracks changes in Liberia's terms of trade, which reflects the country's ability to exchange its export products for imported goods. It is a key metric for analyzing Liberia's trade balance, competitiveness, and economic performance.
Methodology
The data is calculated by the U.S. Federal Reserve based on Liberia's reported export and import prices.
Historical Context
Liberia's terms of trade are closely monitored by policymakers and analysts to assess the nation's trade position and guide economic policies.
Key Facts
- Liberia is a West African country with a GDP of around $3 billion.
- Liberia's main exports include rubber, iron ore, and gold.
- The terms of trade ratio can fluctuate significantly due to global commodity price changes.
FAQs
Q: What does this economic trend measure?
A: The Terms of Trade for Goods for Liberia measures the ratio of Liberia's export prices to its import prices, providing insight into the country's trade dynamics and purchasing power.
Q: Why is this trend relevant for users or analysts?
A: Liberia's terms of trade are a key indicator of the country's trade balance, competitiveness, and overall economic performance, making it important for policymakers and analysts to monitor.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve based on Liberia's reported export and import prices.
Q: How is this trend used in economic policy?
A: Liberia's terms of trade are closely monitored by policymakers to assess the nation's trade position and guide economic policies aimed at improving trade balance and competitiveness.
Q: Are there update delays or limitations?
A: The data may be subject to update delays or limitations due to the challenges of collecting comprehensive trade data from Liberia.
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Citation
U.S. Federal Reserve, Terms of Trade for Goods for Liberia (LBRTTTIX), retrieved from FRED.