National Strategy for Development of Statistics

Declaration: Redefining the Future of Statistics

The Liberia National Strategy for the Development of Statistics (NSDS III) is not a rejection of global norms, it is an elevation of standards. It is a re-engineering of processes and a redefinition of what a resilient, responsive, inclusive, and trusted national data system should be.

In a world where data is the lifeblood of progress, Liberia’s NSDS III challenges the status quo. It moves beyond traditional approaches to embrace innovation, agility, and user-centricity, ensuring that our statistical system is not just compliant with international standards but a benchmark for excellence—driving the ARREST Agenda priorities through equitable, disaggregated insights.

Currently, only two recommended methods in the 2008 SNA are used namely the production and expenditure approaches.
The Production approach: This method calculates what each separate producer adds to the value of final output (value added), by deducting intermediate consumption from gross output. Total value added is the sum of all producers within an economy.

The expenditure approach: This method sums the values of all final demands, including final consumption expenditures (of households, government, and non-profit institutions serving households), gross fixed capital formation, changes in inventories, and net exports.