United Kingdom: Trade (% of GDP)
In , United Kingdom's Trade (% of GDP) was 62.84.
That's down 3.3% from 2023, the highest value since .
The global average for this indicator in 2024 was 92.19 . United Kingdom ranks #103 globally out of 160 reporting countries. Within Europe & Central Asia, it ranks #43 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
- 2016 · Brexit referendum
Highlights
- Peak
- 69.20
- Trough
- 52.54
- 1-year change
- -3.3%
- 5-year change
- -3.3%
- -0.7% / yr
- 10-year change
- +6.8%
- +0.7% / yr
Historical Data — Last 10 Years
| Year | Trade (% of GDP) |
|---|---|
| 62.8402 | |
| 64.9924 | |
| 69.1989 | |
| 58.5384 | |
| 59.1599 | |
| 65.0036 | |
| 64.9098 | |
| 63.1899 | |
| 59.8395 | |
| 57.1250 |
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 Kingdom's Trade (% of GDP) in 2024?
- In 2024, United Kingdom's Trade (% of GDP) was 62.84, according to World Bank Open Data.
- Is United Kingdom's Trade (% of GDP) rising or falling?
- United Kingdom's Trade (% of GDP) fell 3.3% from 2023 to 2024.
- How does United Kingdom rank globally on Trade (% of GDP)?
- In 2024, United Kingdom ranked #103 out of 160 countries reporting Trade (% of GDP).
- How does United Kingdom's Trade (% of GDP) compare to the world average?
- The global average for Trade (% of GDP) in 2024 was 92.19, so United Kingdom is below the world average. Within Europe & Central Asia, it ranks #43 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.