Northern Mariana Islands: Merchandise trade (% of GDP)
In , Northern Mariana Islands's Merchandise trade (% of GDP) was 50.55.
That's up 0.0% 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 (2005–2022)
- 2008 · Global financial crisis
- 2020 · COVID-19 pandemic
- 2014 · Oil price collapse
- 2022 · Russia–Ukraine war begins
Highlights
- Peak
- 122.24
- Trough
- 40.38
- 1-year change
- +0.0%
- 5-year change
- +25.2%
- +4.6% / yr
- 10-year change
- +13.2%
- +1.3% / yr
Historical Data — Last 10 Years
| Year | Merchandise trade (% of GDP) |
|---|---|
| 50.5474 | |
| 50.5470 | |
| 49.8845 | |
| 50.6361 | |
| 45.8109 | |
| 40.3846 | |
| 48.2927 | |
| 52.0879 | |
| 53.3654 | |
| 43.9119 |
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 Northern Mariana Islands's Merchandise trade (% of GDP) in 2022?
- In 2022, Northern Mariana Islands's Merchandise trade (% of GDP) was 50.55, according to World Bank Open Data.
- Is Northern Mariana Islands's Merchandise trade (% of GDP) rising or falling?
- Northern Mariana Islands's Merchandise trade (% of GDP) rose 0.0% from 2021 to 2022.
- How does Northern Mariana Islands's Merchandise trade (% of GDP) compare to the world average?
- The global average for Merchandise trade (% of GDP) in 2022 was 64.89, so Northern Mariana Islands 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.