Trade openness in Melanesia in 2024 — 76.25%. Since 1980, the indicator has fallen by 22.71 pp.
1980–2024 · % of GDP
How the value compares with the world and the groups this territory belongs to: Melanesia
| Year | % | Change, pp |
|---|---|---|
| 2024 | 76.25 | −4.07 pp |
| 2023 | 80.33 | +6.57 pp |
| 2022 | 73.76 | +12.89 pp |
| 2021 | 60.86 | −1.05 pp |
| 2020 | 61.92 | −16.26 pp |
| 2019 | 78.18 | +1.12 pp |
| 2018 | 77.05 | +2.28 pp |
| 2017 | 74.77 | +0.24 pp |
| 2016 | 74.53 | −2.03 pp |
| 2015 | 76.55 | −0.84 pp |
| 2014 | 77.39 | −3.61 pp |
| 2013 | 81 | −3.54 pp |
| 2012 | 84.54 | −0.1 pp |
| 2011 | 84.64 | +1.14 pp |
| 2010 | 83.49 | +12.36 pp |
| 2009 | 71.13 | −15.39 pp |
| 2008 | 86.52 | +3.43 pp |
| 2007 | 83.09 | +0.28 pp |
| 2006 | 82.82 | +2.8 pp |
| 2005 | 80.02 | −14.6 pp |
| 2004 | 94.62 | −0.26 pp |
| 2003 | 94.88 | +3.67 pp |
| 2002 | 91.21 | −1.92 pp |
| 2001 | 93.13 | −2.37 pp |
| 2000 | 95.5 | +3.31 pp |
| 1999 | 92.19 | +6.39 pp |
| 1998 | 85.81 | −1.13 pp |
| 1997 | 86.93 | −2.67 pp |
| 1996 | 89.6 | +3.86 pp |
| 1995 | 85.75 | +1.27 pp |
| 1994 | 84.47 | +2.07 pp |
| 1993 | 82.4 | +0.14 pp |
| 1992 | 82.26 | −3.68 pp |
| 1991 | 85.94 | −0.51 pp |
| 1990 | 86.44 | −17.32 pp |
| 1989 | 103.77 | +2.67 pp |
| 1988 | 101.1 | +7.43 pp |
| 1987 | 93.66 | +0.79 pp |
| 1986 | 92.87 | −2.67 pp |
| 1985 | 95.54 | +1.33 pp |
| 1984 | 94.21 | +0.59 pp |
| 1983 | 93.61 | −3.94 pp |
| 1982 | 97.56 | −1.87 pp |
| 1981 | 99.43 | +0.47 pp |
| 1980 | 98.96 | — |
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.