Gross Domestic Product Per Capita for Liberia
PCAGDPLRA646NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
846.28
Year-over-Year Change
32.57%
Date Range
1/1/1960 - 1/1/2024
Summary
The Gross Domestic Product (GDP) per Capita for Liberia measures the total economic output of the country divided by its population. This metric provides insight into the overall standard of living and economic well-being of Liberian citizens.
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 per capita is a key indicator used by economists and policymakers to evaluate a country's economic development and progress. It allows for international comparisons of living standards and productivity across different nations.
Methodology
The data is calculated by the World Bank using national accounts data and population figures.
Historical Context
GDP per capita is widely referenced by global institutions, investors, and analysts to assess Liberia's macroeconomic performance and growth trajectory.
Key Facts
- Liberia's GDP per capita was $785 in 2021.
- GDP per capita has grown by over 60% since 2010.
- Liberia ranks among the lowest GDP per capita globally.
FAQs
Q: What does this economic trend measure?
A: The Gross Domestic Product (GDP) per Capita for Liberia measures the total economic output of the country divided by its population.
Q: Why is this trend relevant for users or analysts?
A: GDP per capita is a key indicator used to evaluate a country's economic development and living standards, allowing for international comparisons.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts data and population figures.
Q: How is this trend used in economic policy?
A: GDP per capita is widely referenced by global institutions, investors, and analysts to assess Liberia's macroeconomic performance and growth trajectory.
Q: Are there update delays or limitations?
A: The data is updated annually by the World Bank, with potential delays in availability.
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DDEI04LRA156NWDB
Geographical Outreach: Number of Institutions, Other Depository Corporations for Liberia
LBRFCIODNUM
Net Issues of International Debt Securities for Issuers in Non-Financial Corporations (Corporate Issuers), All Maturities, Residence of Issuer in Liberia
IDSNFAMRINILR
Number of Identified Exporters to Liberia from Texas
TXLBRA475SCEN
Bank's Net Interest Margin for Liberia
DDEI01LRA156NWDB
Use of Financial Services: Key Indicators, Outstanding Deposits with Commercial Banks for Liberia
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Citation
U.S. Federal Reserve, Gross Domestic Product Per Capita for Liberia (PCAGDPLRA646NWDB), retrieved from FRED.