Tuvalu: Merchandise trade (% of GDP)
In , Tuvalu's Merchandise trade (% of GDP) was 40.14.
That's down 30.3% from 2022, the highest value since .
The global average for this indicator in 2023 was 64.89 .
Source: World Bank Open Data (TG.VAL.TOTL.GD.ZS) • Data as of 2023
Trend (2005–2023)
- 2008 · Global financial crisis
- 2020 · COVID-19 pandemic
- 2014 · Oil price collapse
- 2022 · Russia–Ukraine war begins
Highlights
- Peak
- 100.51
- Trough
- 40.14
- 1-year change
- -30.3%
- 5-year change
- -22.9%
- -5.1% / yr
- 10-year change
- -26.2%
- -3.0% / yr
Historical Data — Last 10 Years
| Year | Merchandise trade (% of GDP) |
|---|---|
| 40.1411 | |
| 57.5627 | |
| 56.4818 | |
| 65.7048 | |
| 60.9720 | |
| 52.0668 | |
| 59.6335 | |
| 55.2499 | |
| 100.5109 | |
| 56.7581 |
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 Tuvalu's Merchandise trade (% of GDP) in 2023?
- In 2023, Tuvalu's Merchandise trade (% of GDP) was 40.14, according to World Bank Open Data.
- Is Tuvalu's Merchandise trade (% of GDP) rising or falling?
- Tuvalu's Merchandise trade (% of GDP) fell 30.3% from 2022 to 2023.
- How does Tuvalu's Merchandise trade (% of GDP) compare to the world average?
- The global average for Merchandise trade (% of GDP) in 2023 was 64.89, so Tuvalu is below the world average.
- 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.