Liberia's net trade in goods (current US$, BoP) was −US$202.06 million in 2024, the latest year in the World Bank's World Development Indicators. That is up 85.28% from −US$1.37 billion in 2014.
Key figures
| Value | Year | |
|---|---|---|
| Latest | −US$202.06 million | 2024 |
| Five years earlier | −US$390.9 million | 2019 |
| Ten years earlier | −US$1.37 billion | 2014 |
| Highest | US$3.59 million | 1985 |
| Lowest | −US$1.37 billion | 2014 |
| Average since 2015 | −US$609.15 million | 2015–2024 |
| First recorded | US$1.7 million |
What the numbers say
In 2024, Liberia's net trade in goods (current US$, BoP) rose US$605.78 million on 2023 (from −US$807.84 million to −US$202.06 million).
Across the 27 yearly changes before that (1980 to 2023), the average change was −US$23.48 million and a typical year strayed about US$232.01 million from that (the standard deviation). This year's change was 2.7 standard deviations above that average, so it was unusually large compared with the rest of the record.
On record, the biggest yearly rise was US$605.78 million in 2024 and the biggest yearly fall was US$736.72 million in 2014. 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 the straight-line trend is upward, about US$68.13 million a year. A straight line explains 44% of the movement over 10 observed years.
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 12th highest value of the 29 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
- Marshall Islands — 8th of 29: −US$71.59 million
- Solomon Islands — 9th of 29: −US$98.47 million
- Guinea-Bissau — 10th of 29: −US$184.1 million
- Niger — 12th of 29: −US$487.31 million
- Mauritania — 13th of 29: −US$496.51 million
- Bhutan — 14th of 29: −US$624.65 million
What this measures
The balance of international trade in goods is the difference between the exports and imports of goods. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.
All 30 values
| Year | Net trade in goods (current US$, BoP) |
|---|---|
| 2024 | -202,062,273 |
| 2023 | -807,840,172 |
| 2022 | -501,222,452 |
| 2021 | -456,551,770 |
| 2020 | -388,819,186 |
| 2019 | -390,898,191 |
| 2018 | -524,186,601 |
| 2017 | -630,068,354 |
| 2016 | -921,869,760 |
| 2015 | -1,268,000,737 |
| 2014 |
Net trade in goods (current US$, BoP) in nearby economies
- Angola — US$15.1 billion (2025)
- Benin — −US$598.79 million (2023)
- Botswana — −US$597.05 million (2025)
- Burkina Faso — US$294.53 million (2024)
- Burundi — −US$688.51 million (2025)
- Cabo Verde — −US$943.55 million (2025)
- Cameroon — −US$983.96 million (2024)
- Comoros — −US$266.61 million (2023)
- Congo, Dem. Rep. — US$2.91 billion (2025)
- Congo, Rep. — US$4.73 billion (2021)
- Côte d'Ivoire
More economic policy & debt data for Liberia
- GDP (current US$) — US$5.25 billion (2025)
- GDP (current LCU) — 5.25 billion (2025)
- GDP (constant 2015 US$) — US$3.92 billion (2025)
- GDP (constant LCU) — 4.19 billion (2025)
- GDP per capita (current US$) — US$915.33 (2025)
- GDP per capita (current LCU) — 915.33 (2025)
- GDP per capita (constant 2015 US$) — US$684.04 (2025)
- GDP per capita (constant LCU) — 731.74 (2025)
- GNI (current US$) — US$4.88 billion (2025)
- GNI (current LCU) — 4.88 billion (2025)
- GNI per capita (current LCU) — 851.82 (2025)
Reading data like this
Questions people ask
- What is Liberia's net trade in goods (current US$, BoP)?
- −US$202.06 million in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1979?
- It is down 11,963% from US$1.7 million in 1979. The highest value was US$3.59 million in 1985 and the lowest −US$1.37 billion in 2014.
- How does Liberia rank?
- 12th highest of 29 economies with data for 2024.
- Is the latest change in net trade in goods (current US$, BoP) unusual for Liberia?
- In 2024, Liberia's net trade in goods (current US$, BoP) rose US$605.78 million on 2023 (from −US$807.84 million to −US$202.06 million). Across the 27 yearly changes before that (1980 to 2023), the average change was −US$23.48 million and a typical year strayed about US$232.01 million from that (the standard deviation). This year's change was 2.7 standard deviations above that average, so it was unusually large compared with the rest of the record.
Source
World Bank, World Development Indicators, indicator BN.GSR.MRCH.CD, licensed CC BY 4.0. Original source: Balance of Payments Statistics Yearbook and data files, 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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