Canada: Trade (% of GDP)
In , Canada's Trade (% of GDP) was 65.15.
That's down 2.2% from 2023, the highest value since .
The global average for this indicator in 2024 was 92.19 . Canada ranks #100 globally out of 160 reporting countries. Within North America, it ranks #2 of 3.
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
- 69.76
- Trough
- 58.47
- 1-year change
- -2.2%
- 5-year change
- -1.5%
- -0.3% / yr
- 10-year change
- +1.2%
- +0.1% / yr
Historical Data — Last 10 Years
| Year | Trade (% of GDP) |
|---|---|
| 65.1499 | |
| 66.6323 | |
| 67.3176 | |
| 62.2468 | |
| 61.1568 | |
| 66.1715 | |
| 66.5999 | |
| 65.1011 | |
| 65.3637 | |
| 66.1649 |
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 Canada's Trade (% of GDP) in 2024?
- In 2024, Canada's Trade (% of GDP) was 65.15, according to World Bank Open Data.
- Is Canada's Trade (% of GDP) rising or falling?
- Canada's Trade (% of GDP) fell 2.2% from 2023 to 2024.
- How does Canada rank globally on Trade (% of GDP)?
- In 2024, Canada ranked #100 out of 160 countries reporting Trade (% of GDP).
- How does Canada's Trade (% of GDP) compare to the world average?
- The global average for Trade (% of GDP) in 2024 was 92.19, so Canada is below the world average. Within North America, it ranks #2 of 3.
- 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.