Merchandise trade (% of GDP) — all countries

Merchandise trade (% of GDP) — Andorra

Merchandise trade (% of GDP) in Andorra in 2025 — 54.65%. Ranked 93 in the world out of 189. Since 2014, the indicator has risen by 4.19 pp.

2025 54.65% −2.17 pp vs 2024
World rank 93of 189
Period maximum 66.56%2022
Period minimum 49.61%2015

Trend over time

2014–2025 · % of GDP

Merchandise trade (% of GDP) — Andorra, 2014–202545505560657020142016201820202022202420252014: 50.46%2015: 49.61%2016: 50.09%2017: 53.2%2018: 54%2020: 57.49%2021: 51.95%2022: 66.56%2023: 59.36%2024: 56.82%2025: 54.65%
Change over the period: +4.19 pp Annual average: 0.38 pp

Comparison, 2025

How the value compares with the world and the groups this territory belongs to: Andorra

Andorra 54.65%
World 43.89%
Southern Europe computed 57.41%
High-income countries computed 44.15%
Merchandise trade (% of GDP) — Andorra, by year Andorra All countries CSV XLSX
Year % Change, pp
2025 54.65 −2.17 pp
2024 56.82 −2.54 pp
2023 59.36 −7.19 pp
2022 66.56 +14.61 pp
2021 51.95 −5.54 pp
2020 57.49
2018 54 +0.8 pp
2017 53.2 +3.1 pp
2016 50.09 +0.49 pp
2015 49.61 −0.86 pp
2014 50.46

About the indicator

The sum of exports and imports of goods as a percent of GDP. It differs from trade openness in that services are not counted here, and the difference between the two indicators is exactly what shows the weight of services in a country's foreign trade. The highest values come not from large exporters but from transshipment economies — Singapore, Hong Kong, Luxembourg — where goods are brought in to be sent out again, and both flows are counted in full.

Important: Goods only. The value can exceed 100% of GDP: exports and imports are counted at the full value of the goods while GDP is counted as value added, so in transshipment economies the values run to several hundred percent.

Source: World Development Indicators (World Bank), license CC BY 4.0.