Trade (% of GDP)

Sum of exports and imports of goods and services as a share of GDP.

Latest available data

This page uses the latest available World Bank observation (2024). Country-level datasets often lag the current calendar year because they depend on official reporting and validation.

World Bank 2024

What is the global average Trade (% of GDP)?

The global average Trade (% of GDP) is 92.06 % of GDP as of 2024. Hong Kong has the highest at 359.51 % of GDP, while Sudan has the lowest at 2 % of GDP. Data covers 159 countries. Source: World Bank.

World Average
92.06 % of GDP
Highest
Hong Kong
359.51 % of GDP
Lowest
Sudan
2 % of GDP
Countries with Data
159
2024

Top Countries

#1 Hong Kong 359.51 % of GDP
#2 Luxembourg 351.27 % of GDP
#3 Singapore 322.37 % of GDP
#4 Ireland 246.17 % of GDP
#5 Djibouti 241.24 % of GDP

Regional Averages

Europe
121.28 % of GDP
41 country
Asia
101.29 % of GDP
37 country
Oceania
86.91 % of GDP
9 country
Africa
73.34 % of GDP
45 country
Americas
67.95 % of GDP
27 country

Country Rankings

View full rankings
Trade (% of GDP) — Country Rankings (2024)
# Country Value
1 Hong Kong 359.51 % of GDP
2 Luxembourg 351.27 % of GDP
3 Singapore 322.37 % of GDP
4 Ireland 246.17 % of GDP
5 Djibouti 241.24 % of GDP
6 Malta 218.17 % of GDP
7 Cyprus 190.4 % of GDP
8 Seychelles 188.37 % of GDP
9 Vietnam 173.86 % of GDP
10 Slovakia 171.21 % of GDP
11 Nauru 165.85 % of GDP
12 Aruba 160.37 % of GDP
13 Belgium 158.93 % of GDP
14 Bahrain 157.82 % of GDP
15 Maldives 156.47 % of GDP
16 Slovenia 155.66 % of GDP
17 Netherlands 153.83 % of GDP
18 Estonia 151.04 % of GDP
19 Armenia 150.06 % of GDP
20 Hungary 146.5 % of GDP
21 Mauritius 145.42 % of GDP
22 Cambodia 143.45 % of GDP
23 Lithuania 143.05 % of GDP
24 Macau 142.08 % of GDP
25 Mongolia 138.45 % of GDP
26 Malaysia 137.36 % of GDP
27 Thailand 136.75 % of GDP
28 North Macedonia 136.32 % of GDP
29 Switzerland 134.1 % of GDP
30 Brunei 132.59 % of GDP
31 Latvia 132.26 % of GDP
32 Belarus 131.92 % of GDP
33 Denmark 131.77 % of GDP
34 Czechia 131.48 % of GDP
35 Somalia 130.33 % of GDP
36 Libya 128.82 % of GDP
37 Kyrgyzstan 127.65 % of GDP
38 Cuba 124.86 % of GDP
39 Marshall Islands 123.81 % of GDP
40 Oman 114.85 % of GDP
41 Serbia 111.73 % of GDP
42 Solomon Islands 111.35 % of GDP
43 Bulgaria 110.23 % of GDP
44 Montenegro 109.94 % of GDP
45 Namibia 109.63 % of GDP
46 Belize 108.97 % of GDP
47 Austria 108.83 % of GDP
48 Eswatini 107.48 % of GDP
49 Tunisia 106.3 % of GDP
50 Sweden 105.88 % of GDP
51 Faroe Islands 105.75 % of GDP
52 Croatia 104.91 % of GDP
53 Georgia 103.46 % of GDP
54 DR Congo 100.55 % of GDP
55 Poland 100.36 % of GDP
56 Jordan 99.68 % of GDP
57 Nicaragua 98.53 % of GDP
58 Micronesia 98.42 % of GDP
59 Guinea 97.78 % of GDP
60 Cape Verde 96.51 % of GDP
61 Mozambique 95.66 % of GDP
62 Timor-Leste 95.45 % of GDP
63 Bosnia and Herzegovina 95.16 % of GDP
64 Puerto Rico 94.62 % of GDP
65 Mauritania 93.6 % of GDP
66 Republic of the Congo 93.19 % of GDP
67 Morocco 92.19 % of GDP
68 Gabon 92.05 % of GDP
69 Honduras 91.11 % of GDP
70 Greece 89.78 % of GDP
71 Portugal 89.7 % of GDP
72 Moldova 88.67 % of GDP
73 Iceland 85.97 % of GDP
74 El Salvador 84.66 % of GDP
75 South Korea 84.64 % of GDP
76 Panama 83.67 % of GDP
77 Finland 83.46 % of GDP
78 Azerbaijan 82.69 % of GDP
79 Norway 81.36 % of GDP
80 Palestine 81.31 % of GDP
81 Samoa 79.52 % of GDP
82 Albania 79.45 % of GDP
83 Bahamas 79.24 % of GDP
84 Germany 79.09 % of GDP
85 Ukraine 77.75 % of GDP
86 Romania 77.21 % of GDP
87 Paraguay 76.83 % of GDP
88 Bermuda 75.29 % of GDP
89 Mexico 74.59 % of GDP
90 Costa Rica 71.33 % of GDP
91 Botswana 71.11 % of GDP
92 Iraq 70.71 % of GDP
93 Rwanda 69.95 % of GDP
94 Spain 69.95 % of GDP
95 Ghana 69.79 % of GDP
96 Senegal 68.14 % of GDP
97 France 68.11 % of GDP
98 Philippines 65.89 % of GDP
99 Canada 65.15 % of GDP
100 French Polynesia 64.47 % of GDP
101 Chile 63.86 % of GDP
102 United Kingdom 62.84 % of GDP
103 Italy 62.82 % of GDP
104 Zambia 62.53 % of GDP
105 South Africa 61.65 % of GDP
106 Uzbekistan 60.73 % of GDP
107 Equatorial Guinea 60.54 % of GDP
108 Burkina Faso 60.5 % of GDP
109 Ecuador 57.2 % of GDP
110 Kazakhstan 57.16 % of GDP
111 Madagascar 54.98 % of GDP
112 Saudi Arabia 54.68 % of GDP
113 Turkey 54.6 % of GDP
114 Israel 54.45 % of GDP
115 Uruguay 52.46 % of GDP
116 Iran 52.06 % of GDP
117 Dominican Republic 51.78 % of GDP
118 Peru 51.48 % of GDP
119 Ivory Coast 51.26 % of GDP
120 New Zealand 51.22 % of GDP
121 Angola 50.84 % of GDP
122 Niger 49.98 % of GDP
123 Mali 49.9 % of GDP
124 Chad 47.87 % of GDP
125 Guatemala 47.34 % of GDP
126 Australia 47.15 % of GDP
127 Bolivia 46.98 % of GDP
128 Central African Republic 46.43 % of GDP
129 Japan 46.41 % of GDP
130 India 44.65 % of GDP
131 Comoros 44.37 % of GDP
132 Uganda 42.65 % of GDP
133 Indonesia 42.57 % of GDP
134 Sri Lanka 42.4 % of GDP
135 Gambia 42.17 % of GDP
136 Tanzania 41.51 % of GDP
137 Zimbabwe 41.49 % of GDP
138 Benin 40.64 % of GDP
139 Sierra Leone 40.55 % of GDP
140 Nepal 40.53 % of GDP
141 New Caledonia 40.37 % of GDP
142 Kenya 40.19 % of GDP
143 Algeria 40.13 % of GDP
144 Egypt 39.6 % of GDP
145 Russia 39.51 % of GDP
146 Guinea-Bissau 38.81 % of GDP
147 China 37.2 % of GDP
148 Colombia 37.03 % of GDP
149 Brazil 35.58 % of GDP
150 Cameroon 34.4 % of GDP
151 Turkmenistan 28.73 % of GDP
152 Argentina 27.93 % of GDP
153 Pakistan 27.58 % of GDP
154 Bangladesh 26.78 % of GDP
155 Venezuela 26.08 % of GDP
156 United States 25.38 % of GDP
157 Haiti 22.25 % of GDP
158 Ethiopia 17.4 % of GDP
159 Sudan 2 % of GDP

Definition

Trade (% of GDP) is an economic indicator measuring a country's openness to international markets by calculating the sum of exports and imports of goods and services as a share of its Gross Domestic Product. It reflects the extent to which a nation’s economy is integrated into the global trade system.

How it is calculated

The calculation involves summing the total value of exports and imports of goods and services from national accounts data. This combined figure is then divided by the total Gross Domestic Product (GDP) to determine the trade share. The World Bank provides these estimates using official data from the IMF and national statistical offices.

Interpretation

High values suggest a high degree of economic openness and integration into the global economy, common in small countries or international trade hubs. Low values indicate a more inward-looking economy, often seen in very large nations with massive domestic markets or countries facing significant trade barriers. A good value depends on national development goals.

Frequently Asked Questions

Trade (% of GDP) is a measure of economic openness that reflects the total value of a nation's international trade relative to its total economic output. It combines both imports and exports of goods and services. A higher percentage signifies that a larger portion of the national economy is linked to international markets and global trade networks.

According to the latest ranking of 191 countries, Hong Kong has the highest Trade (% of GDP) at approximately 359.5 percent. This high ratio is common in major trade hubs and entrepôts where the value of goods passing through the territory for re-export often exceeds the total value of domestic production.

Sudan has the lowest Trade (% of GDP) among the 191 countries covered, with recent data showing a ratio of approximately 2.0 percent. Such low values typically indicate a lack of integration into global supply chains, often caused by internal conflict, geographic isolation, trade barriers, or severe economic sanctions.

This indicator is calculated by adding the total value of a country's exports of goods and services to its total imports of goods and services. This sum is then divided by the Gross Domestic Product (GDP) for the same period. The resulting figure is then expressed as a percentage to compare trade intensity across different economies.

About this data
Source
World Bank NE.TRD.GNFS.ZS
Definition
Sum of exports and imports of goods and services as a share of GDP.
Coverage
Data for 159 countries (2024)
Limitations
Data may lag 1-2 years for some countries. Coverage varies by indicator.