Trade openness in Northern America in 2024 — 27.92%. Since 2010, the indicator has fallen by 3.43 pp.
2010–2024 · % of GDP
How the value compares with the world and the groups this territory belongs to: Northern America
| Year | % | Change, pp |
|---|---|---|
| 2024 | 27.92 | −0.08 pp |
| 2023 | 27.99 | −2.05 pp |
| 2022 | 30.04 | +1.89 pp |
| 2021 | 28.15 | +2.27 pp |
| 2020 | 25.89 | −3.38 pp |
| 2019 | 29.26 | −1.22 pp |
| 2018 | 30.48 | +0.39 pp |
| 2017 | 30.09 | +0.69 pp |
| 2016 | 29.39 | −1.33 pp |
| 2015 | 30.72 | −2.41 pp |
| 2014 | 33.13 | −0.01 pp |
| 2013 | 33.14 | −0.78 pp |
| 2012 | 33.92 | −0.2 pp |
| 2011 | 34.12 | +2.78 pp |
| 2010 | 31.34 | — |
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.