Colombia: Trade (% of GDP)
In , Colombia's Trade (% of GDP) was 37.03.
That's down 8.3% from 2023, the highest value since .
The global average for this indicator in 2024 was 92.19 . Colombia ranks #149 globally out of 160 reporting countries. Within Latin America & Caribbean, 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
- 48.28
- Trough
- 34.06
- 1-year change
- -8.3%
- 5-year change
- -1.4%
- -0.3% / yr
- 10-year change
- -1.2%
- -0.1% / yr
Historical Data — Last 10 Years
| Year | Trade (% of GDP) |
|---|---|
| 37.0255 | |
| 40.3881 | |
| 48.2827 | |
| 40.0591 | |
| 34.0556 | |
| 37.5585 | |
| 36.5348 | |
| 35.2829 | |
| 36.2027 | |
| 38.3608 |
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 Colombia's Trade (% of GDP) in 2024?
- In 2024, Colombia's Trade (% of GDP) was 37.03, according to World Bank Open Data.
- Is Colombia's Trade (% of GDP) rising or falling?
- Colombia's Trade (% of GDP) fell 8.3% from 2023 to 2024.
- How does Colombia rank globally on Trade (% of GDP)?
- In 2024, Colombia ranked #149 out of 160 countries reporting Trade (% of GDP).
- How does Colombia's Trade (% of GDP) compare to the world average?
- The global average for Trade (% of GDP) in 2024 was 92.19, so Colombia is below the world average. Within Latin America & Caribbean, 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.