United States: Trade (% of GDP)
In , United States's Trade (% of GDP) was 25.38.
That's up 0.3% from 2023, the highest value since .
The global average for this indicator in 2024 was 92.19 . United States ranks #157 globally out of 160 reporting countries. Within North America, it ranks #3 of 3.
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
Highlights
- Peak
- 30.84
- Trough
- 23.40
- 1-year change
- +0.3%
- 5-year change
- -4.1%
- -0.8% / yr
- 10-year change
- -15.4%
- -1.7% / yr
Historical Data — Last 10 Years
| Year | Trade (% of GDP) |
|---|---|
| 25.3786 | |
| 25.2903 | |
| 27.3139 | |
| 25.6096 | |
| 23.4016 | |
| 26.4538 | |
| 27.6104 | |
| 27.3130 | |
| 26.6080 | |
| 27.8236 |
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 States's Trade (% of GDP) in 2024?
- In 2024, United States's Trade (% of GDP) was 25.38, according to World Bank Open Data.
- Is United States's Trade (% of GDP) rising or falling?
- United States's Trade (% of GDP) rose 0.3% from 2023 to 2024.
- How does United States rank globally on Trade (% of GDP)?
- In 2024, United States ranked #157 out of 160 countries reporting Trade (% of GDP).
- How does United States's Trade (% of GDP) compare to the world average?
- The global average for Trade (% of GDP) in 2024 was 92.19, so United States is below the world average. Within North America, it ranks #3 of 3.
- 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.