Argentina: Trade (% of GDP)
In , Argentina's Trade (% of GDP) was 27.93.
That's up 4.7% from 2023, the highest value since .
The global average for this indicator in 2024 was 92.19 . Argentina ranks #153 globally out of 160 reporting countries. Within Latin America & Caribbean, it ranks #22 of 24.
Source: World Bank Open Data (NE.TRD.GNFS.ZS) • Data as of 2024
Trend (2005–2024)
- 2008 · Global financial crisis
- 2020 · COVID-19 pandemic
- 2014 · Oil price collapse
- 2022 · Russia–Ukraine war begins
Highlights
- Peak
- 40.95
- Trough
- 22.49
- 1-year change
- +4.7%
- 5-year change
- -14.4%
- -3.1% / yr
- 10-year change
- -1.7%
- -0.2% / yr
Historical Data — Last 10 Years
| Year | Trade (% of GDP) |
|---|---|
| 27.9298 | |
| 26.6770 | |
| 31.5802 | |
| 33.0787 | |
| 30.2037 | |
| 32.6306 | |
| 30.7625 | |
| 25.2896 | |
| 26.0939 | |
| 22.4862 |
About Trade (% of GDP)
Trade is the sum of exports and imports of goods and services. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.
Indicator code: NE.TRD.GNFS.ZS • Category: Economy
Frequently asked questions
- What was Argentina's Trade (% of GDP) in 2024?
- In 2024, Argentina's Trade (% of GDP) was 27.93, according to World Bank Open Data.
- Is Argentina's Trade (% of GDP) rising or falling?
- Argentina's Trade (% of GDP) rose 4.7% from 2023 to 2024.
- How does Argentina rank globally on Trade (% of GDP)?
- In 2024, Argentina ranked #153 out of 160 countries reporting Trade (% of GDP).
- How does Argentina's Trade (% of GDP) compare to the world average?
- The global average for Trade (% of GDP) in 2024 was 92.19, so Argentina is below the world average. Within Latin America & Caribbean, it ranks #22 of 24.
- What is Trade (% of GDP) and how is it measured?
- Trade is the sum of exports and imports of goods and services. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.
Source: World Bank Open Data (NE.TRD.GNFS.ZS), CC BY 4.0.