Trade in services in Liberia
Liberia: Trade in services 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 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% |
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)
- Agriculture, forestry, and fishing, value added (current LCU), annual 5.94 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (current LCU), per 0.3265 current LCU per US$ of GDP (2025)
- Agriculture, forestry, and fishing, value added (current LCU), per 298.89 current LCU per person (2025)
- Agriculture, forestry, and fishing, value added (constant 2015 US$) 2.58 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (constant 2015 US$) 0.2899 constant 2015 US$ per US$ of GDP (2025)
- Agriculture, forestry, and fishing, value added (constant 2015 US$) 265.33 constant 2015 US$ per person (2025)
- Agriculture, forestry, and fishing, value added (constant LCU) 2.58 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (constant LCU), per 0.292 constant LCU 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.