Europe Trade (% GDP) Ranking (2024)
In 2024, trade (% GDP) in Europe was highest in Luxembourg at 398.23%, followed by San Marino at 370.44% and Ireland at 252.96%. The average trade (% GDP) across countries in Europe was 127.01%, the median was 111%, and Russia recorded the lowest trade (% GDP) at 39.51%, according to the World Bank.
Data is available for the period 1960 to 2024 across 44 countries in Europe.
Frequency : Yearly
| Rank | Country | Current Value ↓ | Previous Value | Year |
|---|---|---|---|---|
| 1 | 398.23% | 404.46% | 2024 | |
| 2 | 370.44% | 342.47% | 2022 | |
| 3 | 252.96% | 237.22% | 2024 | |
| 4 | 229.55% | 232.47% | 2024 | |
| 5 | 189.8% | 193.27% | 2024 | |
| 6 | 170.24% | 181.03% | 2024 | |
| 7 | 158.45% | 168.96% | 2024 | |
| 8 | 156.48% | 160.1% | 2024 | |
| 9 | 156.17% | 165.91% | 2024 | |
| 10 | 151.98% | 154.86% | 2024 | |
| 11 | 143.78% | 157.11% | 2024 | |
| 12 | 143.05% | 149.04% | 2024 | |
| 13 | 138.48% | 148.67% | 2024 | |
| 14 | 134.1% | 135.32% | 2024 | |
| 15 | 131.92% | 131.58% | 2024 | |
| 16 | 131.92% | 132.96% | 2024 | |
| 17 | 131.8% | 136.63% | 2024 | |
| 18 | 128.64% | 127.77% | 2024 | |
| 19 | 114.34% | 124.54% | 2023 | |
| 20 | 114.26% | 109.95% | 2024 | |
| 21 | 112.42% | 118.54% | 2024 | |
| 22 | 111.46% | 114.49% | 2024 | |
| 23 | 110.54% | 116.81% | 2024 | |
| 24 | 109.29% | 119.67% | 2024 | |
| 25 | 104.81% | 106.74% | 2024 | |
| 26 | 102.72% | 107.7% | 2024 | |
| 27 | 100.65% | 110.02% | 2024 | |
| 28 | 99.97% | 99.62% | 2024 | |
| 29 | 91.14% | 93.86% | 2024 | |
| 30 | 89.32% | 92.16% | 2024 | |
| 31 | 88.67% | 93.99% | 2024 | |
| 32 | 84.32% | 86.73% | 2024 | |
| 33 | 82.46% | 85.88% | 2024 | |
| 34 | 81.22% | 80.36% | 2024 | |
| 35 | 80.34% | 82.8% | 2024 | |
| 36 | 79.07% | 82.49% | 2024 | |
| 37 | 77.75% | 77.51% | 2024 | |
| 38 | 77.29% | 83.09% | 2024 | |
| 39 | 70.31% | 72.19% | 2024 | |
| 40 | 67.22% | 70.56% | 2024 | |
| 41 | 63.18% | 65.64% | 2024 | |
| 42 | 62.41% | 65.03% | 2024 | |
| 43 | 55.82% | 66.28% | 2024 | |
| 44 | 39.51% | 40.83% | 2024 |
Europe Trade (% GDP) Ranking (2024) : Definition
Trade (% GDP) measures the sum of exports and imports (goods and services) expressed as a percentage of nominal GDP for the reporting year.