Switzerland: Trade (% of GDP)
In , Switzerland's Trade (% of GDP) was 134.10.
That's down 0.9% from 2023, the highest value since .
The global average for this indicator in 2024 was 92.19 . Switzerland ranks #29 globally out of 160 reporting countries. Within Europe & Central Asia, it ranks #13 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
- 138.50
- Trough
- 102.26
- 1-year change
- -0.9%
- 5-year change
- +8.0%
- +1.6% / yr
- 10-year change
- +11.5%
- +1.1% / yr
Historical Data — Last 10 Years
| Year | Trade (% of GDP) |
|---|---|
| 134.0951 | |
| 135.3200 | |
| 138.5007 | |
| 130.0163 | |
| 121.7860 | |
| 124.1276 | |
| 124.4285 | |
| 123.6218 | |
| 123.5659 | |
| 117.1385 |
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 Switzerland's Trade (% of GDP) in 2024?
- In 2024, Switzerland's Trade (% of GDP) was 134.10, according to World Bank Open Data.
- Is Switzerland's Trade (% of GDP) rising or falling?
- Switzerland's Trade (% of GDP) fell 0.9% from 2023 to 2024.
- How does Switzerland rank globally on Trade (% of GDP)?
- In 2024, Switzerland ranked #29 out of 160 countries reporting Trade (% of GDP).
- How does Switzerland's Trade (% of GDP) compare to the world average?
- The global average for Trade (% of GDP) in 2024 was 92.19, so Switzerland is above the world average. Within Europe & Central Asia, it ranks #13 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.