Liberia

Description of Liberia

Liberia, a country on the west coast of Africa, is known for its unique history as one of the few African nations never colonized by Europeans. With a population that is predominantly young, Liberia faces the challenge of balancing economic development with social progress. As a country that has experienced both civil conflict and the devastating Ebola epidemic in recent decades, Liberia is working towards rebuilding its infrastructure and economy. Understanding the macroeconomic statistics and geopolitical influences on Liberia is crucial for comprehending its current development and future prospects.

Population And Age Structure

Population, total: Liberia has a population of 5,087,584, which is significantly below the average population of 40,097,746. Liberia is ranked 121 out of 194 countries in terms of total population.

Population ages 0-14 (% of total population): With 41.46% of its population in this age group, Liberia exceeds the average of 27.34%. This places Liberia at the 26th rank out of 194 countries.

Population ages 0-14, total: Liberia's total population in the 0-14 age group is 2,109,139, below the average of 10,327,380. Liberia is ranked 95 out of 194 countries for this metric.

Population ages 15-64 (% of total population): The working-age population in Liberia constitutes 55.17% of the total population, below the average of 63.44%. This puts Liberia at the 170th rank out of 194 countries.

Population ages 15-64, total: Liberia's total population aged 15-64 is 2,806,731, well below the average of 26,003,407. Liberia is ranked 123 out of 194 countries based on this statistic.

Population ages 65 and above (% of total population): The elderly population in Liberia accounts for 3.38% of the total population, much lower than the average of 9.22%. Liberia is placed at the 152nd rank out of 194 countries in this category.

Population ages 65 and above, total: Liberia has 171,714 individuals in the 65 and above age group, significantly lower than the average of 3,766,959. Liberia holds the 135th rank out of 194 countries for this metric.

Summary

Liberia has a relatively small total population compared to the global average, with a significant percentage of its population in the 0-14 age group. The working-age population in Liberia is also notably lower than the global average, while the elderly population is much smaller. These demographic indicators are key as they provide insights into the country's dependency ratio, labor force composition, and potential healthcare and social security needs. Understanding these demographics is crucial for policymakers to plan for future workforce dynamics and social welfare programs in Liberia.

Population Miscellaneous

- Liberia has a Rural population of 2,437,512, ranking 99 out of 190 countries. This value is below the attribute average of 18,044,041.29.
- The percentage of Rural population (% of total population) in Liberia is 47.911%, ranking 71 out of 190 countries. This value is above the attribute average of 41.16%.
- Liberia's Urban population is 2,650,072, ranking 121 out of 194 countries. This is below the attribute average of 22,425,747.38.
- The percentage of Urban population (% of total population) in Liberia is 52.089%, ranking 124 out of 194 countries. This value is below the attribute average of 59.69%.
- Liberia has an Age dependency ratio (% of working-age population) of 81.26, ranking 25 out of 194 countries. This ratio is above the attribute average of 59.22.
- With a Birth rate of 31.708 per 1,000 people, Liberia ranks 28 out of 192 countries. This rate is higher than the attribute average of 19.38.
- The Death rate in Liberia is 8.753 per 1,000 people, ranking 69 out of 192 countries. This rate is slightly above the attribute average of 8.21.
- Liberia's Fertility rate, total (births per woman) is 4.174, ranking 29 out of 190 countries. This rate is higher than the attribute average of 2.60.

Summary

Liberia has a relatively high rural population compared to its urban population, as well as a higher age dependency ratio and birth rate than global averages. These indicators highlight a predominantly rural society with a young population and high fertility rate, which can impact the country's workforce distribution, healthcare needs, and overall demographic trends. Understanding these demographic characteristics is crucial for policymakers to develop targeted strategies for social and economic development that cater to the specific needs of Liberia's population.

Military

- The Military expenditure (current USD) for Liberia is significantly lower than the average of $12,904,993,617.16, ranking 147th out of 149 countries in the dataset. - Liberia's Military expenditure (% of GDP) at 0.97% is below the average of 1.90%, placing it at the 116th position out of 148 countries. - With a total of 2,000 Armed forces personnel, Liberia falls far below the average of 165,908 personnel, ranking 156th out of 164 countries. - The Armed forces personnel (% of total labor force) in Liberia is notably lower at 0.088%, compared to the average of 1.28%, positioning Liberia at the 162nd rank out of 164 countries.

Summary

The analysis reveals that Liberia has significantly lower military expenditure, fewer armed forces personnel, and a lower percentage of armed forces personnel compared to the global averages. These statistics indicate that Liberia may not have the same level of military capabilities or defense readiness as many other countries, which could impact its ability to respond to security threats or participate in international peacekeeping missions effectively. Addressing these gaps in defense capabilities could be crucial for Liberia to enhance its national security and contribute more actively to regional and global stability.

Natural Resources

- Liberia's forest area covers 76,174.4 sq. km, which is significantly below the global average of 211,606.11 sq. km. This ranks Liberia 61 out of 191 countries in the dataset.

- With a land area of 96,320 sq. km, Liberia's land mass is below the average of 665,166.51 sq. km. This places Liberia at a rank of 106 out of 194 countries.

- Liberia's surface area of 111,370 sq. km is also lower than the average of 689,779.56 sq. km, ranking Liberia 103 out of 194 countries.

- The arable land in Liberia is 500,000 hectares, significantly lower than the global average of 7,329,543.16 hectares, placing Liberia at the 124th rank out of 190 countries.

- Land under cereal production in Liberia is 243,000 hectares, well below the average of 4,206,011.63 hectares, ranking Liberia 118 out of 174 countries.

- Liberia experiences an average precipitation depth of 2,391 mm per year, much higher than the average of 1,157.83 mm per year. This places Liberia at the 14th rank out of 178 countries.

- In terms of renewable internal freshwater resources, Liberia has 200 billion cubic meters, slightly lower than the average of 240.41 billion cubic meters, ranking Liberia 35 out of 178 countries.

Summary

Liberia's natural resources, such as forest area, arable land, and precipitation depth, are below global averages, impacting its agricultural potential and environmental sustainability. Despite abundant freshwater resources, Liberia's overall land area and surface area are also comparatively lower. These statistics are crucial as they highlight Liberia's potential challenges in agricultural productivity, land utilization, and water resource management compared to other countries globally.

Resource Rents

Total natural resources rents (% of GDP): Liberia's total natural resources rents accounts for 17.47% of its GDP, significantly higher than the average of 4.63%. This places Liberia at rank 10 out of 175 countries in the dataset.

Forest rents (% of GDP): Liberia's forest rents represent 17.47% of its GDP, which is notably above the average of 1.53%. This places Liberia at rank 2 out of 174 countries analyzed for this metric.

Summary

Liberia stands out in terms of its total natural resources rents, which accounts for a substantial 17.47% of its GDP, ranking it 10th out of 175 countries. Furthermore, the country's forest rents, also at 17.47% of GDP, position Liberia at an impressive 2nd place out of 174 countries. These indicators highlight Liberia's significant reliance on and potential revenue from natural resources, particularly its forests, indicating a key economic driver for the country's development and potential for sustainable growth.

Commodities

Analysis of key agricultural production statistics for Liberia:

1. Cereal production in Liberia stands at 279,000 metric tons, below the average of 17,249,945. Liberia ranks 127 out of 174 countries in this attribute.

2. Aquaculture production in Liberia is 255 metric tons, significantly lower than the average of 679,642. Liberia ranks 140 out of 180 countries in this category.

3. Capture fisheries production in Liberia is 31,661.68 metric tons, well below the average of 467,453. Liberia ranks 109 out of 190 countries for this attribute.

4. Total fisheries production in Liberia is 31,916.68 metric tons, also below the average of 1,153,914. Liberia ranks 112 out of 182 countries in this aspect.

5. Fertilizer consumption in Liberia is 24.22 kilograms per hectare of arable land, lower than the average of 159.04. Liberia ranks 137 out of 187 countries for fertilizer consumption.

Summary

The analysis of key agricultural production statistics for Liberia reveals that the country lags behind global averages in various production categories such as cereal, aquaculture, and fisheries. Particularly concerning is the significantly lower fertilizer consumption in Liberia compared to the global average, indicating potential challenges in achieving optimal agricultural productivity and food security. Addressing this gap in fertilizer usage is crucial for Liberia's agricultural development and overall economic growth.

Intellectual Property

Among the listed countries, Liberia's Scientific and technical journal articles publication rate stands at 12.07, significantly below the attribute average of 15103.76. This places Liberia at a low rank of 174 out of 192 countries in the dataset for this attribute.

Summary

Liberia's publication rate of scientific and technical journal articles at 12.07 is markedly lower than the global average of 15103.76, positioning the country at 174th out of 192 nations. This low ranking underscores Liberia's limited contribution to global knowledge dissemination and innovation, indicating potential challenges in research and development, technology transfer, and overall scientific advancement within the country.

Broad Economy Attributes

GDP (current US$): Liberia's GDP is $3,039,982,500, which is significantly below the average GDP of $442,870,224,838. Liberia ranks 158 out of 189 countries in this data set.

GDP, PPP (current international $): Liberia's GDP, PPP is $7,434,697,363.83, also notably lower than the average GDP, PPP of $734,141,122,350.78. In this metric, Liberia ranks 153 out of 181 countries.

GDP per capita (current US$): Liberia's GDP per capita is $597.53, much lower than the average GDP per capita of $15,462.11. Liberia ranks 179 out of 190 countries for this statistic.

GDP per capita, PPP (current international $): Liberia's GDP per capita, PPP is $1,461.34, significantly below the average of $21,251.89 for this metric. Liberia ranks 176 out of 181 countries in this data set.

GNI (current US$): Liberia's GNI is $2,887,982,500, well below the average GNI of $452,040,815,370.70. Liberia ranks 157 out of 185 countries for GNI.

GNI, PPP (current international $): Liberia's GNI, PPP is $7,062,960,355.71, also notably lower than the average GNI, PPP of $730,698,223,823.47. Liberia ranks 153 out of 181 countries in this metric.

GNI per capita, PPP (current international $): Liberia's GNI per capita, PPP is $1,390, significantly below the average of $20,615.75. Liberia ranks 176 out of 181 countries for GNI per capita, PPP.

Summary

Liberia's key macroeconomic indicators, including GDP, GDP per capita, GNI, and GNI per capita, are all significantly below the global averages. These low economic numbers position Liberia in the bottom ranks compared to other countries in the dataset.

These findings are crucial as they highlight Liberia's economic challenges and underscore the urgent need for focused efforts to improve its economic growth, increase per capita income, and enhance overall economic stability. By addressing these key macroeconomic indicators, Liberia can work towards sustainable development, poverty reduction, and improved living standards for its citizens.

Broad Value Added

- Agriculture, forestry, and fishing, value added (% of GDP): Liberia's value of 41.05% is significantly higher than the average of 10.86%. This places Liberia at 2nd rank out of 182 countries. - Agriculture, forestry, and fishing, value added (current US$): Liberia's value of $1,247,972,600 is much lower than the average of $19,924,732,828.07. This ranks Liberia at 120th out of 182 countries. - Services, value added (% of GDP): Liberia's value of 41.60% is below the average of 56.72%. Liberia ranks 163rd out of 183 countries in this aspect. - Services, value added (current US$): Liberia's value of $1,264,754,700 is well below the average of $295,837,711,130.69. Liberia ranks 158th out of 183 countries. - Industry (including construction), value added (current US$): Liberia's value of $538,320,100 is significantly lower than the average of $118,421,095,413.50. Liberia is ranked 159th out of 183 countries.

Summary

Money

1. Inflation, GDP deflator (annual %): Liberia's inflation rate is -5.61%, significantly below the average of 6.90%. This places Liberia at a rank of 174 out of 188 countries in the dataset.

2. Broad money growth (annual %): Liberia's broad money growth is 2.40%, well below the average of 18.03%. With this value, Liberia ranks 127 out of 139 countries.

3. Broad money (% of GDP): Liberia's broad money as a percentage of GDP is 21.86%, much lower than the average of 71.75%. This places Liberia at a rank of 132 out of 139 countries.

4. Broad money to total reserves ratio: Liberia's ratio is 1.95, below the average of 5.17. Liberia ranks 91 out of 126 countries in this aspect.

Summary

Liberia demonstrates a unique economic profile compared to the global average and other countries in the dataset. With a negative inflation rate, low broad money growth, a relatively small percentage of broad money to GDP, and a below-average ratio of broad money to total reserves, Liberia's macroeconomic indicators suggest a conservative approach to monetary policy and financial stability. These indicators are crucial as they highlight Liberia's economic resilience, focus on controlling inflation, and potential challenges in stimulating economic growth through monetary measures.

Investment

1. Foreign direct investment, net (BoP, current US$): In Liberia, the value of -737,967,946.56 is significantly below the attribute average of -1,615,235,980.51. Liberia ranks 103 out of 169 countries in this data set.

2. Foreign direct investment, net inflows (BoP, current US$): Liberia's value of 737,967,946.56 for this attribute is below the average of 5,749,271,080.15. The country ranks 82 out of 182 countries included in the dataset.

3. Foreign direct investment, net inflows (% of GDP): With a value of 24.28%, Liberia's foreign direct investment inflows as a percentage of GDP are significantly above the average of 2.61%. Liberia ranks 3 out of 178 countries in this metric.

4. Foreign direct investment, net outflows (BoP, current US$): The value of 80,073,698.80 for Liberia is below the average of 5,707,991,116.07. Liberia ranks 76 out of 156 countries in this data set.

5. Foreign direct investment, net outflows (% of GDP): Liberia's value of 2.63% is above the average of 1.00% for this attribute. The country ranks 16 out of 155 countries in the dataset.

Summary

Liberia exhibits a mixed performance in terms of foreign direct investment (FDI) indicators. While the country ranks relatively low in net FDI values, it stands out for having a high percentage of FDI inflows as a proportion of GDP. This indicates that though the total FDI figures might be lower, they have a significant impact on Liberia's economic output. The high FDI inflows percentage suggests a favorable investment climate, potentially boosting economic growth and development in the country.

Debt

The Total debt service (% of GNI) for Liberia is 2.53%, which is below the average of 5.98%. Liberia ranks 81 out of 120 countries in this attribute.

The Public and publicly guaranteed debt service (% of GNI) for Liberia is 0.84%, lower than the average of 2.84%. Liberia holds the 96th position out of 120 countries.

Liberia's External debt stocks (% of GNI) stand at 50.62%, underneath the average of 65.42%. The country is ranked 66 out of 120 countries for this statistic.

Debt service on external debt, total (TDS, current US$) for Liberia is $73,021,404, significantly less than the average of $9,811,958,339.23. Liberia ranks 102 out of 123 countries in this attribute.

Liberia's Debt service on external debt, public and publicly guaranteed (PPG) (TDS, current US$) is $24,152,765.90, lower than the average of $3,310,612,057.60. The country holds the 111th position out of 123 countries for this indicator.

External debt stocks, public and publicly guaranteed (PPG) (DOD, current US$) for Liberia amount to $947,641,931.10, far below the average of $28,695,879,144.98. Liberia ranks 104 out of 123 countries in this attribute.

External debt stocks, private nonguaranteed (PNG) (DOD, current US$) for Liberia stand at $41,360,455.70, significantly lower than the average of $33,734,699,285.22. Liberia holds the 85th position out of 91 countries in this category.

Liberia's External debt stocks, total (DOD, current US$) amount to $1,461,907,336.30, well below the average of $73,845,530,111.82. The country is ranked 107 out of 123 countries based on this statistic.

Summary

Liberia demonstrates relatively low levels of debt burden compared to global averages across various indicators such as total debt service, external debt stocks, and debt service on external debt. The country's ranking in these metrics, though not among the top performers, showcases a prudent approach towards managing its debt obligations. This is crucial for Liberia's economic stability and ability to attract investment, as lower debt burdens can free up resources for development projects, improving long-term growth prospects.

Broad Trade Attributes

Regarding Merchandise trade (% of GDP), Liberia's value is 52.83%, below the average of 60.01%. This places Liberia at rank 89 out of 186 countries in the dataset.

As for Trade in services (% of GDP), Liberia's value stands at 16.35%, which is below the average of 24.63%. This positions Liberia at rank 84 out of 171 countries in the dataset.

Summary

Liberia exhibits a lower than average Merchandise trade and Trade in services as a percentage of its GDP, ranking 89th and 84th respectively among the countries analyzed. These indicators are crucial as they reflect the country's level of integration into the global economy and its ability to generate income through international trade. Improving these figures could signify increased economic growth, stability, and opportunities for development through expanded trade relationships with other nations.

Net Trade

The Current account balance of Liberia is -274,971,231.51 USD, well below the average of 1,443,864,831.49 USD. Liberia ranks 91 out of 170 countries in this attribute data.
The Current account balance (% of GDP) for Liberia is -9.05%, significantly lower than the average of -2.36%. This places Liberia at rank 139 out of 170 countries.
The Net trade in goods and services for Liberia is -639,226,709.75 USD, notably under the average of 2,604,730,003.57 USD. Liberia is ranked 100 out of 171 countries in this aspect.
Liberia's Net primary income stands at -99,470,663.10 USD, above the average of -903,807,529.74 USD. This places Liberia at rank 62 out of 170 countries.
In terms of Net secondary income, Liberia excels with 463,726,141.35 USD, surpassing the average of -269,227,340.40 USD. Liberia is ranked 80 out of 170 countries in this attribute.
For Net trade in goods, Liberia recorded -390,574,751.74 USD, below the average of 1,302,831,005.68 USD. Liberia ranks 88 out of 171 countries in this regard.
Liberia's Net capital account is 448,904,496.34 USD, notably higher than the average of 136,543,824.05 USD. Liberia secures the 25th rank out of 159 countries.
Lastly, the Net financial account for Liberia is -541,571,475.47 USD, slightly lower than the average of -469,840,994.63 USD. Liberia is ranked 105 out of 170 countries in this aspect.

Summary

Liberia's macroeconomic indicators paint a picture of a country with a significantly negative current account balance, both in absolute terms and as a percentage of GDP. However, Liberia performs relatively better in terms of net secondary income and net capital account. These statistics are crucial as they reflect Liberia's economic health, its ability to generate income, manage trade balances, and attract capital inflows. Addressing the current imbalances while harnessing strengths in generating secondary income and attracting capital could drive sustainable economic growth for Liberia.

Broad Export Attributes

Exports of goods, services and primary income (BoP, current US$): Liberia's value for this attribute is $752,614,483.49, which is significantly below the average of $146,238,908,936.30. Liberia is ranked 151 out of 170 countries in this dataset.

Exports of goods and services (BoP, current US$): Liberia's value for this attribute is $731,658,325.05, also notably below the average of $122,938,540,059.78. Liberia holds the same rank of 151 out of 170 countries.

Goods exports (BoP, current US$): Liberia's goods exports amount to $607,405,042.45, which is substantially lower than the average of $93,310,581,697.39. Liberia ranks 147 out of 171 countries in this category.

Summary

Merchandise Exports

Merchandise exports (current US$): Liberia's merchandise exports amount to $608,000,000, significantly below the average of $89,542,711,229. Liberia ranks 154th out of 187 countries in this attribute data analysis.

Summary

Liberia's merchandise exports of $608,000,000 are notably lower than the global average of $89,542,711,229, positioning the country at 154th out of 187 countries in this aspect. This low export value indicates a potential constraint on Liberia's economic growth and development, as exporting goods is a vital source of revenue and economic activity for countries, impacting employment, infrastructure development, and overall economic stability.

Service Exports

Service exports (BoP, current US$): Liberia's service exports amount to $124,253,282.60, significantly below the average of $28,917,292,503.82. Liberia ranks 151 out of 171 countries in this attribute.

Communications, computer, etc. (% of service exports, BoP): Liberia's percentage of service exports in communications, computer, etc. is 90.88%, well above the average of 45.85%. Liberia ranks 4 out of 169 countries in this category.

Transport services (% of service exports, BoP): Liberia's percentage of service exports in transport services is 0.42%, far below the average of 21.80%. Liberia ranks 168 out of 169 countries in this attribute.

Travel services (% of service exports, BoP): Liberia's percentage of service exports in travel services is 3.54%, lower than the average of 26.40%. Liberia ranks 154 out of 167 countries in this aspect.

Insurance and financial services (% of service exports, BoP): Liberia's percentage of service exports in insurance and financial services is 5.16%, slightly below the average of 6.46%. Liberia ranks 59 out of 161 countries in this attribute.

Summary

Liberia's service exports are significantly below the global average, with a focus on communications, computer, etc. exports. This specialization is evident in its high rank for this category. However, the country lags behind in other service export sectors such as transport and travel services, impacting its overall ranking compared to other nations.

These statistics are crucial as they highlight Liberia's niche in service exports and its relative competitiveness in certain sectors. Understanding these trends can aid policymakers in leveraging the country's strengths, addressing weaknesses, and formulating strategies to improve Liberia's position in the global service export market.

Commercial Service Exports

Commercial service exports in Liberia amount to $123,897,381.82, which is significantly below the average of $28,508,218,402.80. Liberia ranks 149th out of 171 countries in this category.

Travel services contribute 3.55% to Liberia's commercial service exports, far below the average of 27.89%. Liberia ranks 156th out of 167 countries in this aspect.

Liberia heavily relies on computer, communications, and other services, which constitute 90.85% of its commercial service exports. This value is notably above the average of 42.44%, placing Liberia at the 2nd rank out of 169 countries.

Insurance and financial services make up 5.17% of Liberia's commercial service exports, slightly below the average of 6.97%. Liberia ranks 63rd out of 161 countries in this sector.

Transport services only contribute 0.42% to Liberia's commercial service exports, significantly lower than the average of 23.37%. Liberia ranks 168th out of 169 countries in this aspect.

Summary

Liberia's commercial service exports are significantly below average, with low rankings in categories like travel services and transport services. However, the country excels in computer, communications, and other services, where it ranks second globally. This highlights Liberia's heavy dependence on specific sectors for international trade, emphasizing the need for diversification and resilience in the face of economic fluctuations and changes in global demand.

Broad Import Attributes

Analysis of key trade statistics for Liberia:

1. Goods imports (BoP, current US$): Liberia's goods imports are $997,979,794.19. This is significantly below the attribute average of $92,007,788,027.17. Liberia ranks 149th out of 171 countries in this metric.

2. Imports of goods and services (BoP, current US$): Liberia's imports of goods and services amount to $1,370,885,034.80, which is much lower than the attribute average of $120,321,577,988.12. Liberia is ranked 150th out of 170 countries for this indicator.

3. Imports of goods, services and primary income (BoP, current US$): Liberia's imports in this category total $1,491,311,856.34, significantly below the attribute average of $144,514,428,722.28. In this metric, Liberia holds the 149th position out of 170 countries included in the data.

Summary

Liberia's key trade statistics reveal a consistent pattern of low imports across different categories, ranking below average in all metrics when compared to a global dataset. This suggests limited external trade activity and possibly restricted access to foreign goods and services, which could impact the country's overall economic growth and development.

Merchandise Imports

For Merchandise imports (current US$), Liberia's value is $998,000,000. This is significantly below the attribute average of $89,385,605,263. Liberia ranks 160th out of 190 countries in this data set.

Regarding Merchandise imports by the reporting economy, residual (% of total merchandise imports), Liberia's value is 0.00052%. This is well below the attribute average of 2.51%. Liberia ranks 172nd out of 180 countries in this category.

Summary

Liberia's Merchandise imports (current US$) of $998,000,000 are substantially lower than the global average of $89,385,605,263, positioning Liberia at 160th out of 190 countries. Additionally, with Merchandise imports by the reporting economy, residual (% of total merchandise imports) at 0.00052%, Liberia falls well below the average of 2.51%, ranking 172nd out of 180 countries. These statistics indicate that Liberia has a relatively small share in global merchandise trade, suggesting potential challenges in terms of economic diversification, growth, and competitiveness.

Service Imports

1. Service Imports (BoP, current US$): Liberia's service imports amount to $372,905,240.61, which is significantly below the average of $27,615,356,170.47. With a rank of 150 out of 171 countries, Liberia ranks low in service imports among the included nations.

2. Communications, computer, etc. (% of service imports, BoP): Liberia's percentage of communications, computer, etc. in service imports is 60.02%, notably higher than the average of 44.40%. Ranked 35 out of 169 countries, Liberia showcases a strong focus on this sector relative to its peers.

3. Transport Services (% of service imports, BoP): Liberia's proportion of transport services in service imports stands at 25.99%, lower than the average of 32.90%. Positioned at rank 98 out of 169 countries, Liberia's emphasis on transport services is below average compared to other nations.

4. Travel Services (% of service imports, BoP): Liberia's share of travel services in service imports is 1.89%, well below the average of 14.14%. With a rank of 161 out of 169 countries, Liberia's focus on travel services lags significantly behind the included nations.

5. Insurance and Financial Services (% of service imports, BoP): Liberia allocates 12.10% of its service imports to insurance and financial services, surpassing the average of 8.53%. Holding a rank of 35 out of 169 countries, Liberia demonstrates a strong inclination towards this sector compared to its counterparts.

Summary

Liberia exhibits a unique pattern in its service imports, with a notable emphasis on communications, computer, etc. (60.02%) and insurance and financial services (12.10%), surpassing global averages. However, the country lags behind in travel services (1.89%) and transport services (25.99%). These indicators are crucial as they highlight Liberia's strengths in certain sectors while signaling potential areas for development and improvement to enhance the country's economic diversification and competitiveness in the global market.

Commercial Service Imports

The Commercial service imports in Liberia amount to $365,076,415.70, which is significantly below the average of $27,102,746,128.60. Liberia ranks 150th out of 171 countries in this attribute.

Computer, communications, and other services represent 59.17% of Liberia's commercial service imports, surpassing the average of 41.71%. Liberia ranks 36th out of 169 countries in this category.

Insurance and financial services constitute 12.36% of Liberia's commercial service imports, higher than the average of 8.85%. Liberia also ranks 36th out of 169 countries.

Transport services make up 26.55% of Liberia's commercial service imports, below the average of 34.71%. In this attribute, Liberia holds the 98th rank out of 169 countries.

Travel services contribute a mere 1.93% to Liberia's commercial service imports, significantly lower than the average of 14.73%. Liberia ranks 160th out of 169 countries in this category.

Summary

Liberia's commercial service imports are notably below the global average, with a significant emphasis on computer, communications, and other services compared to other countries. While the country performs well in this aspect, ranking 36th globally, it lags in the contribution of transport and travel services to its commercial imports, ranking 98th and 160th respectively. These indicators are crucial as they highlight Liberia's dependence on specific service sectors for imports and reveal areas where improvement or diversification may be beneficial for the country's macroeconomic stability and development.

Information Technology Infrastructure

1. Secure Internet servers: Liberia has 31 servers, significantly below the average of 458,294. Liberia ranks 180 out of 193 countries in this attribute data.

2. Secure Internet servers (per 1 million people): With 6.09 servers per 1 million people, Liberia is far below the average of 14,067. Liberia ranks 181 out of 193 countries in this attribute data.

3. Individuals using the Internet (% of population): Only 27.95% of Liberia's population uses the Internet, well below the average of 64.77%. Liberia ranks 156 out of 180 countries in this attribute data.

4. Fixed broadband subscriptions: Liberia has 13,000 subscriptions, significantly lower than the average of 6,591,956. Liberia ranks 162 out of 185 countries in this attribute data.

5. Mobile cellular subscriptions: With 1,653,000 subscriptions, Liberia falls well short of the average of 42,526,464. Liberia ranks 149 out of 193 countries in this attribute data.

Summary

Liberia lags behind significantly in key indicators related to internet and technology infrastructure. With low numbers of secure internet servers, low internet usage among the population, and limited fixed broadband and mobile cellular subscriptions, Liberia's digital connectivity is notably underdeveloped compared to global averages. This technological gap can hinder economic growth, limit access to information and communication, and constrain opportunities for innovation and development in the country.

Energy Consumption

For Renewable energy consumption, Liberia's value of 92.96% is significantly higher than the average of 32.18%. This places Liberia at rank 3 out of 191 countries in the dataset.

Regarding CO2 emissions, Liberia's value of 1179.5 kt is substantially lower than the average of 171895.94 kt. This positions Liberia at rank 154 out of 188 countries included in the data.

Summary

Liberia stands out for its high renewable energy consumption, ranking third globally with a value of 92.96%. In contrast, its CO2 emissions are notably low at 1179.5 kt, placing Liberia at 154th among the countries analyzed. These statistics are significant as they underscore Liberia's commitment to sustainable practices and environmental conservation on an international scale.

Government Balance Sheet

- Total reserves (% of total external debt): Liberia's total reserves as a percentage of total external debt is 23.32%, significantly below the attribute average of 66.13%. This places Liberia at rank 69 out of 102 countries in the dataset. - Reserves and related items (BoP, current US$): Liberia's reserves and related items amount to $23,085,275.05, which is notably lower than the attribute average of $1,924,407,186.58. This positions Liberia at rank 89 out of 171 countries. - Total reserves minus gold (current US$): Liberia's total reserves excluding gold stand at $340,965,880.53, considerably less than the attribute average of $74,221,588,171.61. Liberia ranks 149 out of 161 countries in this aspect. - Total reserves (includes gold, current US$): Liberia's total reserves, including gold, amount to $340,965,880.53. This value is well below the attribute average of $85,708,019,773.47. Liberia ranks 149 out of 161 countries in this regard. - Total reserves in months of imports: Liberia's total reserves in months of imports is 2.74, which is significantly lower than the attribute average of 7.10 months. This places Liberia at rank 120 out of 151 countries.

Summary

Liberia's total reserves metrics, including reserves as a percentage of total external debt, absolute reserves values, and reserves in relation to imports, depict a concerning picture. The country ranks below average or significantly lower in all these aspects, signaling potential vulnerability in managing debt obligations, external shocks, and sustaining imports. These indicators are crucial as they reflect Liberia's capacity to withstand economic challenges, ensure financial stability, and maintain trade balance in the global market.

Taxes

The weighted mean of applied tariff rate for all products in Liberia is 6.6%, which is 1.39% above the average of 5.21%. Liberia ranks 51 out of 153 countries in this attribute data.

Summary

The applied tariff rate in Liberia is slightly higher than the global average, with the country imposing a 6.6% tariff rate on all products. This places Liberia in the 51st position out of 153 countries for this indicator. This higher tariff rate can impact international trade and investments in Liberia, potentially influencing the competitiveness of its domestic industries and affecting its overall economic growth.

Top Stats

Ranks in Top Decile For:

Attribute	Rank/Total
Average precipitation in depth (mm per year)	14/178
Total natural resources rents (% of GDP)	10/175
Forest rents (% of GDP)	2/174
Agriculture, forestry, and fishing, value added (% of GDP)	2/182
Foreign direct investment, net inflows (% of GDP)	3/178
Communications, computer, etc. (% of service exports, BoP)	4/169
Computer, communications and other services (% of commercial service exports)	2/169
Renewable energy consumption (% of total final energy consumption)	3/191

Ranks in Bottom Decile For:

Attribute	Rank/Total
Military expenditure (current USD)	147/149
Armed forces personnel, total	156/164
Armed forces personnel (% of total labor force)	162/164
Scientific and technical journal articles	174/192
GDP per capita (current US$)	179/190
GDP per capita, PPP (current international $)	176/181
GNI per capita, PPP (current international $)	176/181
Inflation, GDP deflator (annual %)	174/188
Broad money growth (annual %)	127/139
Broad money (% of GDP)	132/139
Debt service on external debt, public and publicly guaranteed (PPG) (TDS, current US$)	111/123
External debt stocks, private nonguaranteed (PNG) (DOD, current US$)	85/91
Transport services (% of service exports, BoP)	168/169
Travel services (% of service exports, BoP)	154/167
Travel services (% of commercial service exports)	156/167
Transport services (% of commercial service exports)	168/169
Merchandise imports by the reporting economy, residual (% of total merchandise imports)	172/180
Travel services (% of service imports, BoP)	161/169
Travel services (% of commercial service imports)	160/169
Secure Internet servers	180/193
Secure Internet servers (per 1 million people)	181/193
Total reserves minus gold (current US$)	149/161
Total reserves (includes gold, current US$)	149/161