GDP$24.1BCURRENT US$Rnk 114 / 195 GDP GROWTH117%CURRENT US$Rnk 9 / 195
GDP$4.24BCURRENT US$Rnk 161 / 195 GDP GROWTH33.5%CURRENT US$Rnk 106 / 195 GDP PC $8,053CURRENT US$Rnk 96 / 195GDP PC GROWTH119%CURRENT US$Rnk 4 / 195GDP PC$772CURRENT US$Rnk 184 / 196GDP PC GROWTH8.6%CURRENT US$Rnk 138 / 195In N/A, Armenia did not export any services to Liberia.
Liberia-Armenia In N/A, Liberia did not export any products to Armenia.
In N/A, Liberia did not export any services to Armenia.
Comparison: In 2023, Armenia ranked 57 in the Economic Complexity Index (ECI 0.094), and 107 in total exports ($9.02B). That same year, Liberia ranked 126 in the Economic Complexity Index (ECI -1.44), and 142 in total exports ($2.36B).
This map shows whether countries import more from Armenia or Liberia. Each country is colored based on the difference in imports they receive from Armenia and Liberia or the difference in the growth in imports.
In 2023, countries that imported more from Armenia than Liberia included Russia ($3.38B), United Arab Emirates ($2.25B), and Hong Kong ($669M).
In 2023, countries that imported more from Liberia than Armenia included Switzerland ($708M), United Kingdom ($306M), and France ($197M).
) and Armenia () (2023)We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.
This visualization shows the product space at the HS4 level with the flags of Armenia and Liberia. This means that a dot/product with the flag of Armenia indicates it has a comparative advantage over Liberia. Similarly, a dot/product with the flag of Liberia indicates it has a comparative advantage over Armenia.
) and Liberia () (2023)
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