Foreign trade as a share of GDP reached 123 % in 2020 in Liberia, according to the National Statistical Office. This is 3.38 % less than in the previous year.
Historically, foreign trade as a share of GDP in Liberia reached an all time high of 311 % in 2007 and an all time low of % in. When compared to Liberia's main peers, foreign trade as a share of GDP in Guinea amounted to 90.2 % and 50.2 % in Sierra Leone in 2020.
Liberia has been ranked 21st within the group of 133 countries we follow in terms of foreign trade as a share of GDP, 16 places above the position seen 10 years ago.
Trade is the sum of exports and imports of goods and services measured as a share of gross domestic product.