Liberia: Claims on other sectors of the domestic economy (annual growth as % of broad money)

Key figures

What the numbers say

In 2024, Liberia's claims on other sectors of the domestic economy (annual growth as % of broad money) fell 27.73 percentage points on 2023 (from 25.85% to -1.87%).

Across the 15 yearly changes before that (2009 to 2023), the average change was +0.53 percentage points and a typical year strayed about 10.3 percentage points from that (the standard deviation). This year's change was 2.7 standard deviations below that average, so it was unusually large compared with the rest of the record.

On record, the biggest yearly rise was 17.65 percentage points in 2022 and the biggest yearly fall was 27.73 percentage points in 2024. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2015 to 2024 there is no clear straight-line trend: a straight line explains 1% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

How it compares

In 2024, Liberia had the 18th highest value of the 19 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.

Closest to Liberia in the 2024 ranking

• Poland — 14th of 19: 2.19%
• Comoros — 15th of 19: 0.82%
• Haiti — 16th of 19: -1.28%
• Sweden — 18th of 19: -4.06%
• Denmark — 19th of 19: -22.78%

What this measures

Claims on other sectors of the domestic economy include gross credit from the financial system to households, nonprofit institutions serving households, nonfinancial corporations, state and local governments, and social security funds. Broad money is the sum of all liquid financial instruments held by money-holding sectors that are widely accepted in an economy as a medium of exchange, plus those that can be converted into a medium of exchange at short notice at, or close to, their full nominal value. This indicator represents the annual percentage growth in the ratio of claims to broad money.

Limitations: Monetary accounts are derived from the balance sheets of financial institutions - the central bank, commercial banks, and nonbank financial intermediaries. Although these balance sheets are usually reliable, they are subject to errors of classification, valuation, and timing and to differences in accounting practices. For example, whether interest income is recorded on an accrual or a cash basis can make a substantial difference, as can the treatment of nonperforming assets. Valuation errors typically arise for foreign exchange transactions, particularly in countries with flexible exchange rates or in countries that have undergone currency devaluation during the reporting period.

All 17 values

Claims on other sectors of the domestic economy (annual growth as % of broad money) in nearby economies

• Angola — 7.21% (2025)
• Benin — 8.16% (2025)
• Botswana — 1.88% (2025)
• Burkina Faso — -4.48% (2025)
• Burundi — 9.8% (2019)
• Cabo Verde — 3.69% (2025)
• Cameroon — 0.46% (2019)
• Central African Republic

More financial sector data for Liberia

• GDP deflator (base year varies by country) — 125.09 (2025)
• DEC alternative conversion factor (LCU per US$) — US$1 (2025)
• Inflation, GDP deflator (annual % growth) — 4.52% (2025)
• Official exchange rate (LCU per US$, period average) — US$191.31 (2024)
• Domestic credit to private sector by banks (% of GDP) — 16.95% (2024)
• Net domestic credit (current LCU) — 1.6 billion (2024)
• Net foreign assets (current LCU) — 163.79 million (2024)
• Monetary sector credit to private sector (% of GDP) — 17.21% (2024)
• Broad money (current LCU) — 1.29 billion (2024)
• Broad money (% of GDP)

Reading data like this

• Where to find free public data, and how to check it before you trust it — 2 min read
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• Real change or random noise? A plain guide to reading your numbers — 2 min read

Questions people ask

What is Liberia's claims on other sectors of the domestic economy (annual growth as % of broad money)?

-1.87% in 2024, according to the World Bank (World Development Indicators).

How has it changed since 2008?

It is down 19.81 percentage points from 17.94% in 2008. The highest value was 25.85% in 2023 and the lowest -11.45% in 2019.

How does Liberia rank?

18th highest of 19 economies with data for 2024.

Is the latest change in claims on other sectors of the domestic economy (annual growth as % of broad money) unusual for Liberia?

In 2024, Liberia's claims on other sectors of the domestic economy (annual growth as % of broad money) fell 27.73 percentage points on 2023 (from 25.85% to -1.87%). Across the 15 yearly changes before that (2009 to 2023), the average change was +0.53 percentage points and a typical year strayed about 10.3 percentage points from that (the standard deviation). This year's change was 2.7 standard deviations below that average, so it was unusually large compared with the rest of the record.

Source

World Bank, World Development Indicators, indicator FM.AST.DOMO.ZG.M3, licensed CC BY 4.0. Original source: International Financial Statistics database, International Monetary Fund (IMF) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.

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