Chile: Trade (% of GDP)
In , Chile's Trade (% of GDP) was 63.86.
That's up 5.2% from 2023, the highest value since .
The global average for this indicator in 2024 was 92.19 . Chile ranks #102 globally out of 160 reporting countries. Within Latin America & Caribbean, it ranks #13 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
- 80.68
- Trough
- 56.03
- 1-year change
- +5.2%
- 5-year change
- +10.8%
- +2.1% / yr
- 10-year change
- -2.7%
- -0.3% / yr
Historical Data — Last 10 Years
| Year | Trade (% of GDP) |
|---|---|
| 63.8599 | |
| 60.7247 | |
| 75.2016 | |
| 64.8774 | |
| 58.1829 | |
| 57.6118 | |
| 58.1771 | |
| 56.0262 | |
| 56.0579 | |
| 59.3491 |
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 Chile's Trade (% of GDP) in 2024?
- In 2024, Chile's Trade (% of GDP) was 63.86, according to World Bank Open Data.
- Is Chile's Trade (% of GDP) rising or falling?
- Chile's Trade (% of GDP) rose 5.2% from 2023 to 2024.
- How does Chile rank globally on Trade (% of GDP)?
- In 2024, Chile ranked #102 out of 160 countries reporting Trade (% of GDP).
- How does Chile's Trade (% of GDP) compare to the world average?
- The global average for Trade (% of GDP) in 2024 was 92.19, so Chile is below the world average. Within Latin America & Caribbean, it ranks #13 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.