What was Sri Lanka's Trade (% of GDP) in 2024?

In 2024, Sri Lanka's Trade (% of GDP) was 42.40, according to World Bank Open Data.

Is Sri Lanka's Trade (% of GDP) rising or falling?

Sri Lanka's Trade (% of GDP) fell 2.6% from 2023 to 2024.

How does Sri Lanka rank globally on Trade (% of GDP)?

In 2024, Sri Lanka ranked #135 out of 160 countries reporting Trade (% of GDP).

How does Sri Lanka's Trade (% of GDP) compare to the world average?

The global average for Trade (% of GDP) in 2024 was 92.19, so Sri Lanka is below the world average. Within South Asia, it ranks #3 of 5.

Sri Lanka: Trade (% of GDP)

Name: Sri Lanka: Trade (% of GDP)
Creator: World Bank
License: https://datacatalog.worldbank.org/public-licenses#cc-by

In 2024, Sri Lanka's Trade (% of GDP) was 42.40.

That's down 2.6% from 2023, the highest value since 2023.

The global average for this indicator in 2024 was 92.19 . Sri Lanka ranks #135 globally out of 160 reporting countries. Within South Asia, it ranks #3 of 5.

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: 73.60; 2005
Trough: 37.09; 2020
1-year change: -2.6%
5-year change: -14.2%; -3.0% / yr

Historical Data — Last 10 Years

Year	Trade (% of GDP)
2024	42.3975
2023	43.5362
2022	46.6826
2021	41.2288
2020	37.0891
2019	49.4255
2018	49.8094
2017	47.1404
2016	46.4715
2015	46.9180

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 Sri Lanka's Trade (% of GDP) in 2024?: In 2024, Sri Lanka's Trade (% of GDP) was 42.40, according to World Bank Open Data.
Is Sri Lanka's Trade (% of GDP) rising or falling?: Sri Lanka's Trade (% of GDP) fell 2.6% from 2023 to 2024.
How does Sri Lanka rank globally on Trade (% of GDP)?: In 2024, Sri Lanka ranked #135 out of 160 countries reporting Trade (% of GDP).
How does Sri Lanka's Trade (% of GDP) compare to the world average?: The global average for Trade (% of GDP) in 2024 was 92.19, so Sri Lanka is below the world average. Within South Asia, it ranks #3 of 5.
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.

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Source: World Bank Open Data (NE.TRD.GNFS.ZS), CC BY 4.0.