Uganda: Merchandise trade (% of GDP)
In , Uganda's Merchandise trade (% of GDP) was 40.99.
That's up 10.5% from 2023, the highest value since .
The global average for this indicator in 2024 was 64.89 . Uganda ranks #141 globally out of 197 reporting countries. Within Sub-Saharan Africa, it ranks #30 of 48.
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
- 43.28
- Trough
- 23.14
- 1-year change
- +10.5%
- 5-year change
- +28.7%
- +5.2% / yr
- 10-year change
- +60.4%
- +4.8% / yr
Historical Data — Last 10 Years
| Year | Merchandise trade (% of GDP) |
|---|---|
| 40.9928 | |
| 37.0830 | |
| 29.2437 | |
| 32.2010 | |
| 32.9784 | |
| 31.8501 | |
| 29.8114 | |
| 27.6375 | |
| 25.0343 | |
| 24.0682 |
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 Uganda's Merchandise trade (% of GDP) in 2024?
- In 2024, Uganda's Merchandise trade (% of GDP) was 40.99, according to World Bank Open Data.
- Is Uganda's Merchandise trade (% of GDP) rising or falling?
- Uganda's Merchandise trade (% of GDP) rose 10.5% from 2023 to 2024.
- How does Uganda rank globally on Merchandise trade (% of GDP)?
- In 2024, Uganda ranked #141 out of 197 countries reporting Merchandise trade (% of GDP).
- How does Uganda's Merchandise trade (% of GDP) compare to the world average?
- The global average for Merchandise trade (% of GDP) in 2024 was 64.89, so Uganda is below the world average. Within Sub-Saharan Africa, it ranks #30 of 48.
- 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.