Spain: Trade (% of GDP)
In , Spain's Trade (% of GDP) was 69.95.
That's down 2.6% from 2023, the highest value since .
The global average for this indicator in 2024 was 92.19 . Spain ranks #95 globally out of 160 reporting countries. Within Europe & Central Asia, it ranks #41 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
- 78.47
- Trough
- 46.84
- 1-year change
- -2.6%
- 5-year change
- +5.4%
- +1.1% / yr
- 10-year change
- +10.3%
- +1.0% / yr
Historical Data — Last 10 Years
| Year | Trade (% of GDP) |
|---|---|
| 69.9503 | |
| 71.7976 | |
| 78.4657 | |
| 66.5246 | |
| 59.4461 | |
| 66.3662 | |
| 67.0094 | |
| 66.1674 | |
| 63.1887 | |
| 63.5820 |
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 Spain's Trade (% of GDP) in 2024?
- In 2024, Spain's Trade (% of GDP) was 69.95, according to World Bank Open Data.
- Is Spain's Trade (% of GDP) rising or falling?
- Spain's Trade (% of GDP) fell 2.6% from 2023 to 2024.
- How does Spain rank globally on Trade (% of GDP)?
- In 2024, Spain ranked #95 out of 160 countries reporting Trade (% of GDP).
- How does Spain's Trade (% of GDP) compare to the world average?
- The global average for Trade (% of GDP) in 2024 was 92.19, so Spain is below the world average. Within Europe & Central Asia, it ranks #41 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.