United Arab Emirates: Merchandise trade (% of GDP)
In , United Arab Emirates's Merchandise trade (% of GDP) was 207.76.
That's up 4.3% from 2023, the highest value on record.
The global average for this indicator in 2024 was 64.89 . United Arab Emirates ranks #4 globally out of 197 reporting countries. Within Middle East, North Africa, Afghanistan & Pakistan, it ranks #2 of 22.
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
- 207.76
- Trough
- 110.59
- 1-year change
- +4.3%
- 5-year change
- +33.0%
- +5.9% / yr
- 10-year change
- +42.6%
- +3.6% / yr
Historical Data — Last 10 Years
| Year | Merchandise trade (% of GDP) |
|---|---|
| 207.7641 | |
| 199.1460 | |
| 183.0481 | |
| 182.9103 | |
| 163.0236 | |
| 156.2190 | |
| 143.6017 | |
| 141.6424 | |
| 147.1265 | |
| 147.6266 |
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 United Arab Emirates's Merchandise trade (% of GDP) in 2024?
- In 2024, United Arab Emirates's Merchandise trade (% of GDP) was 207.76, according to World Bank Open Data.
- Is United Arab Emirates's Merchandise trade (% of GDP) rising or falling?
- United Arab Emirates's Merchandise trade (% of GDP) rose 4.3% from 2023 to 2024.
- How does United Arab Emirates rank globally on Merchandise trade (% of GDP)?
- In 2024, United Arab Emirates ranked #4 out of 197 countries reporting Merchandise trade (% of GDP).
- How does United Arab Emirates's Merchandise trade (% of GDP) compare to the world average?
- The global average for Merchandise trade (% of GDP) in 2024 was 64.89, so United Arab Emirates is above the world average. Within Middle East, North Africa, Afghanistan & Pakistan, it ranks #2 of 22.
- 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.