Trade in services (% of GDP) in Liberia
Liberia: Trade in services (% of GDP) was 6.2% in 2024. ◆ Volatile
Trade in services in Liberia, 1979–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
In 2024, trade in services in Liberia stood at 6.2%.
The figure is down 4.5% on the previous year and down 78.3% over ten years.
Over the whole period, trade in services in Liberia peaked at 144.0% in 2006 and was at its lowest, 0.2%, in 1981.
Liberia ranks 188th of 200 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Trade in services (% of GDP) in Liberia, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1979 | 0.2% | — |
| 1980 | 0.2% | -4.9% |
| 1981 | 0.2% | -17.4% |
| 1982 | 0.3% | +74.1% |
| 1983 | 0.4% | +23.9% |
| 1984 | 0.3% | -14.7% |
| 1985 | 0.3% | -11.6% |
| 1986 | 0.4% | +21.2% |
| 1987 | 0.3% | -20.3% |
| 2004 | 110.6% | +39338.6% |
| 2005 | 112.6% | +1.8% |
| 2006 | 144.0% | +27.9% |
| 2007 | 116.2% | -19.3% |
| 2008 | 111.3% | -4.2% |
| 2009 | 80.3% | -27.9% |
| 2010 | 23.9% | -70.2% |
| 2011 | 23.8% | -0.7% |
| 2012 | 23.6% | -0.8% |
| 2013 | 23.0% | -2.4% |
| 2014 | 28.5% | +23.8% |
| 2015 | 15.3% | -46.2% |
| 2016 | 9.1% | -40.5% |
| 2017 | 8.7% | -4.2% |
| 2018 | 6.3% | -28.2% |
| 2019 | 9.7% | +54.2% |
| 2020 | 7.9% | -18.3% |
| 2021 | 8.3% | +5.4% |
| 2022 | 8.7% | +4.4% |
| 2023 | 6.5% | -25.6% |
| 2024 | 6.2% | -4.5% |
Liberia compared with similar countries
- Liberia's 6.2% is below the median for low income countries, which is 11.3%, 54% of the median. (23 countries reporting)
- Liberia's 6.2% is below the median for Sub-Saharan Africa, which is 12.7%, 49% of the median. (47 countries reporting)
Biggest year-on-year movements
Years where Trade in services (% of GDP) in Liberia changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2004 | +39338.6% | 0.3% | 110.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.2% | 0.2% | 0.2% | 1 |
| 1980s | 0.3% | 0.2% | 0.4% | 8 |
| 2000s | 112.5% | 80.3% | 144.0% | 6 |
| 2010s | 17.2% | 6.3% | 28.5% | 10 |
| 2020s | 7.5% | 6.2% | 8.7% | 5 |
Countries ranked near Liberia
More economy & growth data for Liberia
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 3.97 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 6.15 Percent per annum (2029)
- SDRs holdings, US dollar, annual growth rate -5.6 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0527 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 48.22 units per person (2025)
- SDRs holdings, SDR, annual growth rate -10.11 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0385 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 35.21 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 5.01 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.059 units per US$ of GDP (2025)
Frequently asked questions
- What is trade in services in Liberia?
- Trade in services in Liberia was 6.2% in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest trade in services recorded in Liberia?
- The highest recorded value was 144.0% in 2006.
- What is the lowest trade in services recorded in Liberia?
- The lowest recorded value was 0.2% in 1981.
- How does Liberia rank for trade in services?
- Liberia ranks 188th out of 200 countries with data for 2024.
- Is trade in services rising or falling in Liberia?
- Over the last ten years it is down 78.3%. The long-run trend across the full record is volatile.
- Where does this Liberia data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Trade in services (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Total trade in services includes services provided by residents to non-residents plus services provided by non-residents to residents. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.