Trade openness in high-income countries in 2024 — 59.77%. Since 1995, the indicator has risen by 20.18 pp.
1995–2024 · % of GDP
How the value compares with the world and the groups this territory belongs to: High-income countries
| Year | % | Change, pp |
|---|---|---|
| 2024 | 59.77 | −2 pp |
| 2023 | 61.77 | −3.88 pp |
| 2022 | 65.65 | +5.33 pp |
| 2021 | 60.31 | +4.86 pp |
| 2020 | 55.45 | −4.51 pp |
| 2019 | 59.97 | −1.39 pp |
| 2018 | 61.36 | +1.73 pp |
| 2017 | 59.63 | +2.29 pp |
| 2016 | 57.34 | −1.84 pp |
| 2015 | 59.18 | −2.66 pp |
| 2014 | 61.84 | +0.26 pp |
| 2013 | 61.59 | +0.68 pp |
| 2012 | 60.9 | −0.22 pp |
| 2011 | 61.12 | +4.45 pp |
| 2010 | 56.67 | +5.05 pp |
| 2009 | 51.63 | −8.72 pp |
| 2008 | 60.35 | +2.98 pp |
| 2007 | 57.37 | +2.38 pp |
| 2006 | 54.98 | +3.52 pp |
| 2005 | 51.46 | +2.64 pp |
| 2004 | 48.82 | +3.25 pp |
| 2003 | 45.58 | +1.23 pp |
| 2002 | 44.35 | −0.22 pp |
| 2001 | 44.57 | −0.85 pp |
| 2000 | 45.42 | +3.1 pp |
| 1999 | 42.32 | −0.3 pp |
| 1998 | 42.62 | +0.09 pp |
| 1997 | 42.53 | +1.75 pp |
| 1996 | 40.78 | +1.19 pp |
| 1995 | 39.59 | — |
The sum of exports and imports of goods and services as a percent of GDP — the standard indicator of the trade openness of an economy. Values above 100% are not an anomaly: they mean that trade turnover exceeds annual GDP, which is typical of trading hubs and of small economies built into supply chains.
Source: World Development Indicators (World Bank), license CC BY 4.0.
Merchandise exports plus imports as a percent of GDP — without services.
Trade Exports (% of GDP)How far the economy is oriented toward external markets.
Trade Imports (% of GDP)How far the economy depends on supplies from abroad.
Trade Trade balanceThe difference between exports and imports of goods and services. A minus means imports are larger.