South Africa: Trade (% of GDP)
In , South Africa's Trade (% of GDP) was 61.65.
That's down 6.1% from 2023, the highest value since .
The global average for this indicator in 2024 was 92.19 . South Africa ranks #106 globally out of 160 reporting countries. Within Sub-Saharan Africa, it ranks #18 of 39.
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
- 65.97
- Trough
- 47.43
- 1-year change
- -6.1%
- 5-year change
- +14.4%
- +2.7% / yr
- 10-year change
- +3.6%
- +0.4% / yr
Historical Data — Last 10 Years
| Year | Trade (% of GDP) |
|---|---|
| 61.6468 | |
| 65.6799 | |
| 64.9471 | |
| 56.1647 | |
| 50.7597 | |
| 53.8980 | |
| 54.4855 | |
| 53.5359 | |
| 55.8613 | |
| 56.7267 |
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 South Africa's Trade (% of GDP) in 2024?
- In 2024, South Africa's Trade (% of GDP) was 61.65, according to World Bank Open Data.
- Is South Africa's Trade (% of GDP) rising or falling?
- South Africa's Trade (% of GDP) fell 6.1% from 2023 to 2024.
- How does South Africa rank globally on Trade (% of GDP)?
- In 2024, South Africa ranked #106 out of 160 countries reporting Trade (% of GDP).
- How does South Africa's Trade (% of GDP) compare to the world average?
- The global average for Trade (% of GDP) in 2024 was 92.19, so South Africa is below the world average. Within Sub-Saharan Africa, it ranks #18 of 39.
- 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.