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United Kingdom Trade (% GDP)

The United Kingdom's trade (% GDP) fell to 62.41% in 2024, down from 65.03% in 2023, according to World Bank. This represents a decrease of 2.62% from the previous year. The United Kingdom has trade (% GDP) lower than the global median (62.41% vs median 84.49%). Compared with the median in Europe, the United Kingdom is lower (62.41% vs regional median 111.00%) and ranks 42nd out of 44 countries in Europe.

Yearly Historical Data (1970-2024)

(in %)
Year Trade (% GDP)
2024 62.41%
2023 65.03%
2022 68.88%
2021 58.58%
2020 58.78%
2019 64.67%
2018 64.54%
2017 63.12%
2016 59.7%
2015 57.2%
2014 59.09%
2013 62%
2012 62.23%
2011 63.57%
2010 59.27%
2009 55%
2008 56.7%
2007 52.96%
2006 56.91%
2005 52.68%
2004 50.45%
2003 50.24%
2002 51.38%
2001 52.82%
2000 52.52%
1999 49.63%
1998 49.34%
1997 50.97%
1996 52.24%
1995 51%
1994 51.87%
1993 49.73%
1992 46.29%
1991 45.3%
1990 48.23%
1989 48.66%
1988 47.34%
1987 49.88%
1986 50.51%
1985 54.93%
1984 55.39%
1983 50.8%
1982 49.6%
1981 49.37%
1980 51.29%
1979 54.64%
1978 54.97%
1977 58.91%
1976 57.4%
1975 52.74%
1974 58.72%
1973 47.43%
1972 41.57%
1971 42.64%
1970 42.99%
United Kingdom Trade (% GDP) : Definition
Trade (% GDP) measures the sum of exports and imports for United Kingdom divided by its total economic output, shown as a percentage.
Indicator Last Value Prior Value Period
Annual Exports $508.69B $521.21B 2024
Annual Imports $809.21B $791.66B 2024
Balance of Trade -£3.4B -£3B Aug'25
Exports £77.4B £78.4B Aug'25
Exports (% GDP) 30.64% 31.98% 2024
FDI Inflows (% GDP) 0.1% 0.41% 2024
Imports £80.8B £81.4B Aug'25
Imports (% GDP) 31.77% 33.05% 2024
Net Trade (Goods & Services, BoP) -$41.22B -$36.25B 2024
Tariff Rate 1.13% 1% 2022