Trade openness in OPEC in 2024 — 58.59%. Since 1970, the indicator has risen by 7.49 pp.
1970–2024 · % of GDP
How the value compares with the world and the groups this territory belongs to: OPEC
| Year | % | Change, pp |
|---|---|---|
| 2024 | 58.59 | −23.99 pp |
| 2023 | 82.58 | +1.53 pp |
| 2022 | 81.05 | +5.14 pp |
| 2021 | 75.91 | +2.52 pp |
| 2020 | 73.39 | −4.82 pp |
| 2019 | 78.21 | +0.02 pp |
| 2018 | 78.19 | +3.91 pp |
| 2017 | 74.28 | +1.68 pp |
| 2016 | 72.6 | −6.68 pp |
| 2015 | 79.27 | −3.76 pp |
| 2014 | 83.03 | −0.07 pp |
| 2013 | 83.1 | +4.15 pp |
| 2012 | 78.95 | +9.06 pp |
| 2011 | 69.9 | +3.92 pp |
| 2010 | 65.97 | −2.92 pp |
| 2009 | 68.9 | −8.35 pp |
| 2008 | 77.25 | +1.77 pp |
| 2007 | 75.48 | +1.45 pp |
| 2006 | 74.03 | +0.66 pp |
| 2005 | 73.37 | +3.49 pp |
| 2004 | 69.88 | +3.27 pp |
| 2003 | 66.61 | +6.07 pp |
| 2002 | 60.54 | +5.74 pp |
| 2001 | 54.8 | +1.15 pp |
| 2000 | 53.65 | +6.57 pp |
| 1999 | 47.09 | +4.75 pp |
| 1998 | 42.34 | −5.19 pp |
| 1997 | 47.53 | +1.03 pp |
| 1996 | 46.49 | +1.98 pp |
| 1995 | 44.52 | −2.04 pp |
| 1994 | 46.56 | −3.76 pp |
| 1993 | 50.32 | −0.39 pp |
| 1992 | 50.71 | −2.79 pp |
| 1991 | 53.5 | +9.52 pp |
| 1990 | 43.98 | −6.36 pp |
| 1989 | 50.34 | +6.6 pp |
| 1988 | 43.74 | +2.05 pp |
| 1987 | 41.69 | +7.16 pp |
| 1986 | 34.53 | −10.2 pp |
| 1985 | 44.73 | −7.73 pp |
| 1984 | 52.46 | −5.42 pp |
| 1983 | 57.88 | −10.32 pp |
| 1982 | 68.2 | −6 pp |
| 1981 | 74.2 | −1.2 pp |
| 1980 | 75.4 | +3.33 pp |
| 1979 | 72.08 | +0.59 pp |
| 1978 | 71.49 | −5.06 pp |
| 1977 | 76.55 | +1.02 pp |
| 1976 | 75.53 | −6.63 pp |
| 1975 | 82.17 | +6.94 pp |
| 1974 | 75.22 | +5.6 pp |
| 1973 | 69.63 | +14.59 pp |
| 1972 | 55.04 | +1.06 pp |
| 1971 | 53.98 | +2.88 pp |
| 1970 | 51.1 | — |
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.