Trade as Percentage of GDP
Singapore's trade (exports plus imports combined) represents over 300% of its GDP, meaning the country trades more than three times its total economic output annually. This dataset shows that ratio for every country in the world, going back to 1960. It's a simple way to see which economies depend heavily on selling things abroad versus those that mostly produce for themselves. Countries like Canada and Germany have high ratios because they export a lot. Countries like the US and Brazil have lower ratios because they're large enough to consume much of what they produce domestically.
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View defined in OpenData · Source: worldbank
Dataset overview
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Questions this data answers
- How open is a particular country's economy to international trade?
- Which countries have become more or less trade-dependent over the past few decades?
- How does trade intensity vary across different regions or income levels?
- Did a country's trade ratio change significantly during a particular economic crisis?
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