Australia: Trade (% of GDP)
In , Australia's Trade (% of GDP) was 47.15.
That's down 3.9% from 2023, the highest value since .
The global average for this indicator in 2024 was 92.19 . Australia ranks #127 globally out of 160 reporting countries. Within East Asia & Pacific, it ranks #20 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
- 49.04
- Trough
- 39.10
- 1-year change
- -3.9%
- 5-year change
- +2.5%
- +0.5% / yr
- 10-year change
- +11.5%
- +1.1% / yr
Historical Data — Last 10 Years
| Year | Trade (% of GDP) |
|---|---|
| 47.1454 | |
| 49.0443 | |
| 45.6946 | |
| 40.2022 | |
| 44.4996 | |
| 46.0017 | |
| 43.5732 | |
| 42.0354 | |
| 40.8134 | |
| 41.4948 |
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 Australia's Trade (% of GDP) in 2024?
- In 2024, Australia's Trade (% of GDP) was 47.15, according to World Bank Open Data.
- Is Australia's Trade (% of GDP) rising or falling?
- Australia's Trade (% of GDP) fell 3.9% from 2023 to 2024.
- How does Australia rank globally on Trade (% of GDP)?
- In 2024, Australia ranked #127 out of 160 countries reporting Trade (% of GDP).
- How does Australia's Trade (% of GDP) compare to the world average?
- The global average for Trade (% of GDP) in 2024 was 92.19, so Australia is below the world average. Within East Asia & Pacific, it ranks #20 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.