Dominica: Merchandise trade (% of GDP)
In , Dominica's Merchandise trade (% of GDP) was 42.24.
That's down 14.0% from 2023, the highest value since .
The global average for this indicator in 2024 was 64.89 . Dominica ranks #135 globally out of 197 reporting countries. Within Latin America & Caribbean, it ranks #19 of 36.
Source: World Bank Open Data (TG.VAL.TOTL.GD.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
- 59.79
- Trough
- 37.28
- 1-year change
- -14.0%
- 5-year change
- -19.5%
- -4.2% / yr
- 10-year change
- -9.1%
- -1.0% / yr
Historical Data — Last 10 Years
| Year | Merchandise trade (% of GDP) |
|---|---|
| 42.2424 | |
| 49.1422 | |
| 46.2233 | |
| 44.4120 | |
| 43.2938 | |
| 52.4634 | |
| 49.6622 | |
| 37.2766 | |
| 37.8645 | |
| 41.8397 |
About Merchandise trade (% of GDP)
General merchandise trade includes goods whose economic ownership is changed between a resident and a non-resident and that are not included in the following specific categories: goods under merchanting, non-monetary gold, and parts of travel, construction, and government goods and services n.i.e. It is the total of merchandise exports plus merchandise imports. 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: TG.VAL.TOTL.GD.ZS • Category: Trade & Finance
Frequently asked questions
- What was Dominica's Merchandise trade (% of GDP) in 2024?
- In 2024, Dominica's Merchandise trade (% of GDP) was 42.24, according to World Bank Open Data.
- Is Dominica's Merchandise trade (% of GDP) rising or falling?
- Dominica's Merchandise trade (% of GDP) fell 14.0% from 2023 to 2024.
- How does Dominica rank globally on Merchandise trade (% of GDP)?
- In 2024, Dominica ranked #135 out of 197 countries reporting Merchandise trade (% of GDP).
- How does Dominica's Merchandise trade (% of GDP) compare to the world average?
- The global average for Merchandise trade (% of GDP) in 2024 was 64.89, so Dominica is below the world average. Within Latin America & Caribbean, it ranks #19 of 36.
- What is Merchandise trade (% of GDP) and how is it measured?
- General merchandise trade includes goods whose economic ownership is changed between a resident and a non-resident and that are not included in the following specific categories: goods under merchanting, non-monetary gold, and parts of travel, construction, and government goods and services n.i.e. It is the total of merchandise exports plus merchandise imports. 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 (TG.VAL.TOTL.GD.ZS), CC BY 4.0.