Guam: Merchandise trade (% of GDP)
In , Guam's Merchandise trade (% of GDP) was 18.42.
That's up 34.8% from 2021, the highest value since .
The global average for this indicator in 2022 was 64.89 .
Source: World Bank Open Data (TG.VAL.TOTL.GD.ZS) • Data as of 2022
Trend (2011–2022)
- 2020 · COVID-19 pandemic
- 2014 · Oil price collapse
- 2022 · Russia–Ukraine war begins
Highlights
- Peak
- 19.91
- Trough
- 10.67
- 1-year change
- +34.8%
- 5-year change
- +39.7%
- +6.9% / yr
- 10-year change
- +41.4%
- +3.5% / yr
Historical Data — Last 10 Years
| Year | Merchandise trade (% of GDP) |
|---|---|
| 18.4226 | |
| 13.6670 | |
| 10.6660 | |
| 17.0260 | |
| 18.2449 | |
| 13.1881 | |
| 12.6419 | |
| 12.7091 | |
| 19.9109 | |
| 13.4284 |
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 Guam's Merchandise trade (% of GDP) in 2022?
- In 2022, Guam's Merchandise trade (% of GDP) was 18.42, according to World Bank Open Data.
- Is Guam's Merchandise trade (% of GDP) rising or falling?
- Guam's Merchandise trade (% of GDP) rose 34.8% from 2021 to 2022.
- How does Guam's Merchandise trade (% of GDP) compare to the world average?
- The global average for Merchandise trade (% of GDP) in 2022 was 64.89, so Guam is below the world average.
- 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.