Italy: Trade (% of GDP)
In , Italy's Trade (% of GDP) was 62.82.
That's down 3.5% from 2023, the highest value since .
The global average for this indicator in 2024 was 92.19 . Italy ranks #104 globally out of 160 reporting countries. Within Europe & Central Asia, it ranks #44 of 49.
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
- 72.02
- Trough
- 45.14
- 1-year change
- -3.5%
- 5-year change
- +7.0%
- +1.4% / yr
- 10-year change
- +15.4%
- +1.4% / yr
Historical Data — Last 10 Years
| Year | Trade (% of GDP) |
|---|---|
| 62.8238 | |
| 65.1072 | |
| 72.0165 | |
| 60.3020 | |
| 53.9395 | |
| 58.6942 | |
| 59.2750 | |
| 57.5830 | |
| 54.4321 | |
| 55.4357 |
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 Italy's Trade (% of GDP) in 2024?
- In 2024, Italy's Trade (% of GDP) was 62.82, according to World Bank Open Data.
- Is Italy's Trade (% of GDP) rising or falling?
- Italy's Trade (% of GDP) fell 3.5% from 2023 to 2024.
- How does Italy rank globally on Trade (% of GDP)?
- In 2024, Italy ranked #104 out of 160 countries reporting Trade (% of GDP).
- How does Italy's Trade (% of GDP) compare to the world average?
- The global average for Trade (% of GDP) in 2024 was 92.19, so Italy is below the world average. Within Europe & Central Asia, it ranks #44 of 49.
- 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.