Uruguay: Trade (% of GDP)
In , Uruguay's Trade (% of GDP) was 52.46.
That's down 0.8% from 2023, the highest value since .
The global average for this indicator in 2024 was 92.19 . Uruguay ranks #116 globally out of 160 reporting countries. Within Latin America & Caribbean, it ranks #15 of 24.
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
- 65.21
- Trough
- 45.33
- 1-year change
- -0.8%
- 5-year change
- +5.5%
- +1.1% / yr
- 10-year change
- +6.9%
- +0.7% / yr
Historical Data — Last 10 Years
| Year | Trade (% of GDP) |
|---|---|
| 52.4649 | |
| 52.9110 | |
| 61.0308 | |
| 58.3150 | |
| 47.7319 | |
| 49.7448 | |
| 47.7913 | |
| 46.3780 | |
| 48.4706 | |
| 45.3282 |
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 Uruguay's Trade (% of GDP) in 2024?
- In 2024, Uruguay's Trade (% of GDP) was 52.46, according to World Bank Open Data.
- Is Uruguay's Trade (% of GDP) rising or falling?
- Uruguay's Trade (% of GDP) fell 0.8% from 2023 to 2024.
- How does Uruguay rank globally on Trade (% of GDP)?
- In 2024, Uruguay ranked #116 out of 160 countries reporting Trade (% of GDP).
- How does Uruguay's Trade (% of GDP) compare to the world average?
- The global average for Trade (% of GDP) in 2024 was 92.19, so Uruguay is below the world average. Within Latin America & Caribbean, it ranks #15 of 24.
- 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.