United States: Merchandise trade (% of GDP)
In , United States's Merchandise trade (% of GDP) was 18.87.
That's down 0.7% from 2023, the highest value since .
The global average for this indicator in 2024 was 64.89 . United States ranks #193 globally out of 197 reporting countries. Within North America, it ranks #2 of 3.
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
- 24.03
- Trough
- 18.19
- 1-year change
- -0.7%
- 5-year change
- -4.2%
- -0.9% / yr
- 10-year change
- -17.9%
- -2.0% / yr
Historical Data — Last 10 Years
| Year | Merchandise trade (% of GDP) |
|---|---|
| 18.8673 | |
| 19.0029 | |
| 21.2339 | |
| 20.1141 | |
| 18.1946 | |
| 19.6932 | |
| 20.8357 | |
| 20.3044 | |
| 19.7975 | |
| 20.9704 |
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 States's Merchandise trade (% of GDP) in 2024?
- In 2024, United States's Merchandise trade (% of GDP) was 18.87, according to World Bank Open Data.
- Is United States's Merchandise trade (% of GDP) rising or falling?
- United States's Merchandise trade (% of GDP) fell 0.7% from 2023 to 2024.
- How does United States rank globally on Merchandise trade (% of GDP)?
- In 2024, United States ranked #193 out of 197 countries reporting Merchandise trade (% of GDP).
- How does United States'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 States is below the world average. Within North America, it ranks #2 of 3.
- 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.