Sri Lanka: Merchandise trade (% of GDP)
In , Sri Lanka's Merchandise trade (% of GDP) was 31.95.
That's down 6.9% from 2023, the highest value since .
The global average for this indicator in 2024 was 64.89 . Sri Lanka ranks #169 globally out of 197 reporting countries. Within South Asia, it ranks #3 of 6.
Source: World Bank Open Data (TG.VAL.TOTL.GD.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
- 62.20
- Trough
- 30.95
- 1-year change
- -6.9%
- 5-year change
- -10.8%
- -2.3% / yr
- 10-year change
- -14.2%
- -1.5% / yr
Historical Data — Last 10 Years
| Year | Merchandise trade (% of GDP) |
|---|---|
| 31.9452 | |
| 34.3088 | |
| 42.3479 | |
| 37.4178 | |
| 30.9502 | |
| 35.8174 | |
| 36.1281 | |
| 34.2696 | |
| 33.5147 | |
| 34.6479 |
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 Sri Lanka's Merchandise trade (% of GDP) in 2024?
- In 2024, Sri Lanka's Merchandise trade (% of GDP) was 31.95, according to World Bank Open Data.
- Is Sri Lanka's Merchandise trade (% of GDP) rising or falling?
- Sri Lanka's Merchandise trade (% of GDP) fell 6.9% from 2023 to 2024.
- How does Sri Lanka rank globally on Merchandise trade (% of GDP)?
- In 2024, Sri Lanka ranked #169 out of 197 countries reporting Merchandise trade (% of GDP).
- How does Sri Lanka's Merchandise trade (% of GDP) compare to the world average?
- The global average for Merchandise trade (% of GDP) in 2024 was 64.89, so Sri Lanka is below the world average. Within South Asia, it ranks #3 of 6.
- 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.