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United States Trade (% GDP)

The United States' trade (% GDP) fell to 24.89% in 2024, down from 24.9% in 2023, according to World Bank. This represents a decrease of 0.01% from the previous year. The United States has the 4th lowest trade (% GDP). Other bottom countries are Sudan, Ethiopia, Haiti and Bangladesh.

Yearly Historical Data (1960-2024)

(in %)
Year Trade (% GDP)
2024 24.89%
2023 24.9%
2022 26.89%
2021 25.21%
2020 23.08%
2019 26.26%
2018 27.45%
2017 27.13%
2016 26.45%
2015 27.69%
2014 29.91%
2013 29.94%
2012 30.68%
2011 30.84%
2010 28.22%
2009 24.76%
2008 29.87%
2007 28.01%
2006 26.98%
2005 25.64%
2004 24.45%
2003 22.63%
2002 22.29%
2001 22.97%
2000 25.1%
1999 23.31%
1998 22.83%
1997 23.43%
1996 22.69%
1995 22.45%
1994 21.06%
1993 20.04%
1992 19.95%
1991 19.79%
1990 19.82%
1989 19.42%
1988 19.07%
1987 17.97%
1986 16.9%
1985 16.6%
1984 17.52%
1983 16.67%
1982 17.54%
1981 19.43%
1980 20.11%
1979 18.38%
1978 16.97%
1977 16.42%
1976 16.05%
1975 15.52%
1974 16.44%
1973 13.08%
1972 11.34%
1971 10.76%
1970 10.76%
1969 10.06%
1968 10.03%
1967 9.69%
1966 9.58%
1965 9.24%
1964 9.21%
1963 8.96%
1962 8.93%
1961 8.94%
1960 9.2%
United States Trade (% GDP) : Definition
Trade (% GDP) measures the sum of exports and imports for United States divided by its total economic output, shown as a percentage.
Indicator Last Value Prior Value Period
Annual Exports $2.06T $2.02T 2024
Annual Imports $3.36T $3.17T 2024
Balance of Trade -$78.3B -$59.1B Jul'25
Exports $280B $280B Jul'25
Exports (% GDP) 10.9% 11.01% 2024
FDI Inflows (% GDP) 1.33% 1.26% 2024
Imports $359B $339B Jul'25
Imports (% GDP) 13.99% 13.89% 2024
Net Trade (Goods & Services, BoP) -$917.84B -$784.89B 2024
Tariff Rate 2.72% 2.79% 2022