Romania: Trade (% of GDP)
In , Romania's Trade (% of GDP) was 77.21.
That's down 7.4% from 2023, the highest value since .
The global average for this indicator in 2024 was 92.19 . Romania ranks #87 globally out of 160 reporting countries. Within Europe & Central Asia, it ranks #40 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
- 93.95
- Trough
- 58.47
- 1-year change
- -7.4%
- 5-year change
- -9.1%
- -1.9% / yr
- 10-year change
- -7.4%
- -0.8% / yr
Historical Data — Last 10 Years
| Year | Trade (% of GDP) |
|---|---|
| 77.2150 | |
| 83.3753 | |
| 93.9497 | |
| 87.0712 | |
| 78.3616 | |
| 84.9064 | |
| 87.0912 | |
| 87.1561 | |
| 85.8925 | |
| 83.5206 |
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 Romania's Trade (% of GDP) in 2024?
- In 2024, Romania's Trade (% of GDP) was 77.21, according to World Bank Open Data.
- Is Romania's Trade (% of GDP) rising or falling?
- Romania's Trade (% of GDP) fell 7.4% from 2023 to 2024.
- How does Romania rank globally on Trade (% of GDP)?
- In 2024, Romania ranked #87 out of 160 countries reporting Trade (% of GDP).
- How does Romania's Trade (% of GDP) compare to the world average?
- The global average for Trade (% of GDP) in 2024 was 92.19, so Romania is below the world average. Within Europe & Central Asia, it ranks #40 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.