Africa's Development Dynamics (AfDD) Table 28 - International trade in Resource-rich countries
Resource-rich countries: Africa's Development Dynamics (AfDD) Table 28 - International trade was 100.56 Percentage of merchandise value in 2020. ▼ Falling
Africa's Development Dynamics (AfDD) Table 28 - International trade in Resource-rich countries, 2000–2020
Source: Organisation for Economic Co-operation and Development. Measured in Percentage of merchandise value.
Analysis
Resource-rich countries recorded 100.56 Percentage of merchandise value for africa's development dynamics (afdd) table 28 - international trade in 2020. That is the lowest value across all 21 years on record.
The figure is down 1.0% on the previous year and down 3.8% over ten years.
Over the whole period, africa's development dynamics (afdd) table 28 - international trade in Resource-rich countries peaked at 122.31 Percentage of merchandise value in 2000 and was at its lowest, 100.56 Percentage of merchandise value, in 2020.
That places Resource-rich countries 16th out of 28 groups with data for 2020, putting it in the middle of the range.
The long-run direction has been consistently falling across the 21 years of available data.
Africa's Development Dynamics (AfDD) Table 28 - International trade in Resource-rich countries, year by year
| Year | Percentage of merchandise value | Change |
|---|---|---|
| 2000 | 122.31 Percentage of merchandise value | — |
| 2001 | 119.28 Percentage of merchandise value | -2.5% |
| 2002 | 118.56 Percentage of merchandise value | -0.6% |
| 2003 | 121.27 Percentage of merchandise value | +2.3% |
| 2004 | 115.54 Percentage of merchandise value | -4.7% |
| 2005 | 113.68 Percentage of merchandise value | -1.6% |
| 2006 | 110.09 Percentage of merchandise value | -3.2% |
| 2007 | 103.76 Percentage of merchandise value | -5.7% |
| 2008 | 105.15 Percentage of merchandise value | +1.3% |
| 2009 | 104.84 Percentage of merchandise value | -0.3% |
| 2010 | 104.52 Percentage of merchandise value | -0.3% |
| 2011 | 102.4 Percentage of merchandise value | -2.0% |
| 2012 | 104.8 Percentage of merchandise value | +2.3% |
| 2013 | 105.1 Percentage of merchandise value | +0.3% |
| 2014 | 105.78 Percentage of merchandise value | +0.6% |
| 2015 | 107.06 Percentage of merchandise value | +1.2% |
| 2016 | 105.22 Percentage of merchandise value | -1.7% |
| 2017 | 103.95 Percentage of merchandise value | -1.2% |
| 2018 | 102.06 Percentage of merchandise value | -1.8% |
| 2019 | 101.54 Percentage of merchandise value | -0.5% |
| 2020 | 100.56 Percentage of merchandise value | -1.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 113.45 Percentage of merchandise value | 103.76 Percentage of merchandise value | 122.31 Percentage of merchandise value | 10 |
| 2010s | 104.24 Percentage of merchandise value | 101.54 Percentage of merchandise value | 107.06 Percentage of merchandise value | 10 |
| 2020s | 100.56 Percentage of merchandise value | 100.56 Percentage of merchandise value | 100.56 Percentage of merchandise value | 1 |
Countries ranked near Resource-rich countries
- 13 Nigeria 206.19 Percentage of merchandise value compare
- 14 Grenada 199.45 Percentage of merchandise value compare
- 15 Moldova 101.88 Percentage of merchandise value compare
- 15 San Marino 195.18 Percentage of merchandise value compare
- 16 Rwanda 192.17 Percentage of merchandise value compare
- 17 Democratic Republic of the Congo 116.91 Percentage of merchandise value compare
- 17 Fiji 95.1 Percentage of merchandise value compare
- 17 Saint Vincent and the Grenadines 192.01 Percentage of merchandise value compare
- 18 Palau 190.93 Percentage of merchandise value compare
- 19 Naoero 190.44 Percentage of merchandise value compare
More economy & growth data for Resource-rich countries
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.41 Percent per annum (2028)
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.32 Percent per annum (2028)
- Africa's Development Dynamics (AfDD) Table 16 - Public finances 30.37 Percentage of GDP (2028)
- Africa's Development Dynamics (AfDD) Table 08 - Sectoral breakdown of 12.84 Percentage of GDP (2022)
- Africa's Development Dynamics (AfDD) Table 17 - Trade by 731,764 US dollar (2022)
- Africa's Development Dynamics (AfDD) Table 21 - Investment and 112.54 Percentage of GDP (2019)
- Africa's Development Dynamics (AfDD) Table 21 - Investment and 173.91 Percentage of GDP (2019)
- Africa's Development Dynamics (AfDD) Table 21 - Investment and 5.3 Percentage of GDP (2019)
- Africa's Development Dynamics (AfDD) Table 21 - Investment and 13.36 Percentage of GDP (2019)
- Africa's Development Dynamics (AfDD) Table 16 - Public finances 0.0187 Percentage of GDP (2028)
Frequently asked questions
- What is africa's development dynamics (afdd) table 28 - international trade in Resource-rich countries?
- Africa's development dynamics (afdd) table 28 - international trade in Resource-rich countries was 100.56 Percentage of merchandise value in 2020, according to Organisation for Economic Co-operation and Development.
- What is the highest africa's development dynamics (afdd) table 28 - international trade recorded in Resource-rich countries?
- The highest recorded value was 122.31 Percentage of merchandise value in 2000.
- What is the lowest africa's development dynamics (afdd) table 28 - international trade recorded in Resource-rich countries?
- The lowest recorded value was 100.56 Percentage of merchandise value in 2020.
- How does Resource-rich countries rank for africa's development dynamics (afdd) table 28 - international trade?
- Resource-rich countries ranks 16th out of 28 groups with data for 2020.
- Is africa's development dynamics (afdd) table 28 - international trade rising or falling in Resource-rich countries?
- Over the last ten years it is down 3.8%. The long-run trend across the full record is falling.
- Where does this Resource-rich countries data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of Africa's Development Dynamics (AfDD) Table 28 - International trade costs — Average cost of trade within continent, manufactured goods. Statizoid updates them automatically from the source API.
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About this data
The Statistical Annex to the annual Africa's Development Dynamics (AFDD) report is a collection of development indicators that were gathered and analysed while conducting the research that went into the report. These data are also available online for free viewing or download at https://oe.cd/AFDD-2024, a bilingual website which links to the electronic version of the Africa's Development Dynamics book in both English and French. Table 28 shows the average cost of importing and exporting goods calculated as a percentage of the value of goods traded, broken down by the origin and destination of the trade, whether it is with bordering countries, with countries in the same region, or the same continent.