Liberia: Trade in services (% of GDP)

Key figures

What the numbers say

In 2024, Liberia's trade in services (% of GDP) fell 0.29 percentage points on 2023 (from 6.47% to 6.18%).

Across the 27 yearly changes before that (1980 to 2023), the average change was −3.85 percentage points and a typical year strayed about 14.92 percentage points from that (the standard deviation). This year's change was 0.2 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

On record, the biggest yearly rise was 31.36 percentage points in 2006 and the biggest yearly fall was 56.36 percentage points in 2010. 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 downward, about 0.58 percentage points a year. A straight line explains 45% 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 28th highest value of the 30 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

• Papua New Guinea — 25th of 30: 8.02%
• Cameroon — 26th of 30: 7.9%
• Niger — 27th of 30: 6.5%
• Zimbabwe — 29th of 30: 5.1%
• Haiti — 30th of 30: 2.53%

What this measures

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.

Regional and income-group figures are computed by the World Bank as a weighted average.

All 30 values

Trade in services (% of GDP) in nearby economies

• Angola — 7.02% (2025)
• Benin — 10.17% (2023)
• Botswana — 11.79% (2025)
• Burkina Faso — 9.09% (2024)
• Burundi — 16.48% (2025)
• Cabo Verde — 42.18% (2025)
• Cameroon — 7.9% (2024)
• Comoros — 21.95% (2023)
• Congo, Dem. Rep. — 6.11% (2025)
• Congo, Rep. — 13.13% (2021)
• Côte d'Ivoire — 9.01% (2024)

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

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Questions people ask

What is Liberia's trade in services (% of GDP)?

6.18% in 2024, according to the World Bank (World Development Indicators).

How has it changed since 1979?

It is up 5.96 percentage points from 0.23% in 1979. The highest value was 143.98% in 2006 and the lowest 0.18% in 1981.

How does Liberia rank?

28th highest of 30 economies with data for 2024.

Is the latest change in trade in services (% of GDP) unusual for Liberia?

In 2024, Liberia's trade in services (% of GDP) fell 0.29 percentage points on 2023 (from 6.47% to 6.18%). Across the 27 yearly changes before that (1980 to 2023), the average change was −3.85 percentage points and a typical year strayed about 14.92 percentage points from that (the standard deviation). This year's change was 0.2 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

Source

World Bank, World Development Indicators, indicator BG.GSR.NFSV.GD.ZS, licensed CC BY 4.0. Original source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF); World Development Indicators Database, World Bank (WB); National Accounts data files, Organisation for Economic Co-operation and Development (OECD) 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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