Major Countries Trade (% GDP) Ranking (2024)
In 2024, trade (% GDP) among major countries was highest in the Netherlands at 156.17%, followed by Switzerland at 134.10% and South Korea at 87.94%. The average trade (% GDP) across major countries was 64.45%, the median was 59.11%, and the United States recorded the lowest trade (% GDP) at 24.89%, according to the World Bank.
Data is available for the period 1960 to 2024 across 20 major countries.
Frequency : Yearly
| Rank | Country | Current Value ↓ | Previous Value | Year |
|---|---|---|---|---|
| 1 | 156.17% | 165.91% | 2024 | |
| 2 | 87.94% | 96.54% | 2023 | |
| 3 | 80.34% | 82.8% | 2024 | |
| 4 | 74.71% | 73.77% | 2024 | |
| 5 | 70.31% | 72.19% | 2024 | |
| 6 | 67.22% | 70.56% | 2024 | |
| 7 | 65.18% | 66.63% | 2024 | |
| 8 | 63.18% | 65.64% | 2024 | |
| 9 | 62.41% | 65.03% | 2024 | |
| 10 | 55.82% | 66.28% | 2024 | |
| 11 | 54.8% | 54.17% | 2024 | |
| 12 | 47.31% | 49.23% | 2024 | |
| 13 | 45.15% | 46.81% | 2023 | |
| 14 | 44.67% | 44.99% | 2024 | |
| 15 | 42.57% | 41.34% | 2024 | |
| 16 | 39.51% | 40.83% | 2024 | |
| 17 | 37.2% | 36.11% | 2024 | |
| 18 | 35.53% | 33.67% | 2024 | |
| 19 | 24.89% | 24.9% | 2024 |
Major Countries 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.