United Arab Emirates: Trade (% of GDP)
In , United Arab Emirates's Trade (% of GDP) was 199.04.
That's up 7.2% from 2022, the highest value on record.
The global average for this indicator in 2023 was 92.19 .
Source: World Bank Open Data (NE.TRD.GNFS.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
- 199.04
- Trough
- 119.47
- 1-year change
- +7.2%
- 5-year change
- +28.6%
- +5.2% / yr
- 10-year change
- +26.5%
- +2.4% / yr
Historical Data — Last 10 Years
| Year | Trade (% of GDP) |
|---|---|
| 199.0450 | |
| 185.7417 | |
| 182.9094 | |
| 181.2919 | |
| 163.8222 | |
| 154.7470 | |
| 165.4765 | |
| 165.3950 | |
| 164.2862 | |
| 159.5156 |
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 United Arab Emirates's Trade (% of GDP) in 2023?
- In 2023, United Arab Emirates's Trade (% of GDP) was 199.04, according to World Bank Open Data.
- Is United Arab Emirates's Trade (% of GDP) rising or falling?
- United Arab Emirates's Trade (% of GDP) rose 7.2% from 2022 to 2023.
- How does United Arab Emirates's Trade (% of GDP) compare to the world average?
- The global average for Trade (% of GDP) in 2023 was 92.19, so United Arab Emirates is above the world average.
- 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.