Trade openness in Australia and New Zealand in 2024 — 47.6%. Since 1970, the indicator has risen by 18.63 pp.
1970–2024 · % of GDP
How the value compares with the world and the groups this territory belongs to: Australia and New Zealand
| Year | % | Change, pp |
|---|---|---|
| 2024 | 47.6 | −1.55 pp |
| 2023 | 49.15 | +2.49 pp |
| 2022 | 46.66 | +5.31 pp |
| 2021 | 41.35 | −3.05 pp |
| 2020 | 44.41 | −2.71 pp |
| 2019 | 47.12 | +1.96 pp |
| 2018 | 45.16 | +1.48 pp |
| 2017 | 43.68 | +1.29 pp |
| 2016 | 42.39 | −0.66 pp |
| 2015 | 43.05 | −0.79 pp |
| 2014 | 43.84 | +1.14 pp |
| 2013 | 42.7 | −1.73 pp |
| 2012 | 44.44 | +0.85 pp |
| 2011 | 43.59 | +1.2 pp |
| 2010 | 42.39 | −4.29 pp |
| 2009 | 46.68 | +1.52 pp |
| 2008 | 45.16 | +0.95 pp |
| 2007 | 44.21 | +0.37 pp |
| 2006 | 43.83 | +2.06 pp |
| 2005 | 41.77 | +1.67 pp |
| 2004 | 40.11 | −2.85 pp |
| 2003 | 42.95 | −1.49 pp |
| 2002 | 44.44 | −2.56 pp |
| 2001 | 47 | +3.04 pp |
| 2000 | 43.96 | +2.07 pp |
| 1999 | 41.9 | −0.24 pp |
| 1998 | 42.14 | +1.94 pp |
| 1997 | 40.2 | −0.49 pp |
| 1996 | 40.69 | +0.2 pp |
| 1995 | 40.49 | +0.81 pp |
| 1994 | 39.68 | +1.44 pp |
| 1993 | 38.24 | +2.27 pp |
| 1992 | 35.97 | +1.22 pp |
| 1991 | 34.75 | +0.03 pp |
| 1990 | 34.72 | +0.15 pp |
| 1989 | 34.57 | −0.5 pp |
| 1988 | 35.07 | −0.48 pp |
| 1987 | 35.55 | −0.26 pp |
| 1986 | 35.81 | −0.04 pp |
| 1985 | 35.85 | +3.55 pp |
| 1984 | 32.3 | −0.31 pp |
| 1983 | 32.61 | −0.79 pp |
| 1982 | 33.4 | −1.47 pp |
| 1981 | 34.87 | −0.93 pp |
| 1980 | 35.8 | +2.33 pp |
| 1979 | 33.47 | +2.04 pp |
| 1978 | 31.43 | −0.26 pp |
| 1977 | 31.69 | +1.54 pp |
| 1976 | 30.16 | −1.59 pp |
| 1975 | 31.75 | +1.78 pp |
| 1974 | 29.98 | +1.08 pp |
| 1973 | 28.9 | +0.9 pp |
| 1972 | 28 | −0.29 pp |
| 1971 | 28.29 | −0.68 pp |
| 1970 | 28.97 | — |
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.