Merchandise trade as a proportion of GDP (%) in Caribbean
Caribbean: Merchandise trade as a proportion of GDP (%) was 25.4% in 2020. ▼ Falling
Merchandise trade as a proportion of GDP in Caribbean, 2011–2020
Source: United Nations Statistics Division, SDG Global Database. Measured in %.
Analysis
In 2020, merchandise trade as a proportion of gdp in Caribbean stood at 25.4%. That is the lowest value across all 10 years on record.
Compared with earlier readings it is down 14.6% on the previous year and down 50.4% over ten years.
Over the whole period, merchandise trade as a proportion of gdp in Caribbean peaked at 51.1% in 2011 and was at its lowest, 25.4%, in 2020.
That places Caribbean 204th out of 220 countries with data for 2020, putting it in the bottom quarter.
Merchandise trade as a proportion of GDP (%) in Caribbean, year by year
| Year | % | Change |
|---|---|---|
| 2011 | 51.1% | — |
| 2012 | 44.3% | -13.3% |
| 2013 | 45.8% | +3.3% |
| 2014 | 41.3% | -9.8% |
| 2015 | 34.3% | -16.8% |
| 2016 | 31.0% | -9.7% |
| 2017 | 30.5% | -1.5% |
| 2018 | 32.7% | +7.2% |
| 2019 | 29.7% | -9.1% |
| 2020 | 25.4% | -14.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 37.9% | 29.7% | 51.1% | 9 |
| 2020s | 25.4% | 25.4% | 25.4% | 1 |
Countries ranked near Caribbean
- 201 Turks and Caicos Islands 26.1% compare
- 202 Cayman Islands 26.1% compare
- 203 Bangladesh 25.6% compare
- 205 Venezuela (Bolivarian Republic of) 24.4% compare
- 206 Yemen 24.0% compare
- 207 Pakistan 23.9% compare
More economy & growth data for Caribbean
- Gross Domestic Product, GDP in millions constant 2021 international $ 828,667 (2027)
- Gross Domestic Product — Annual growth US$, 2015 prices 3.07 % (2024)
- Gross Fixed Capital Formation — Value US$, annual growth rate 0.3236 % change on previous year (2024)
- Gross Fixed Capital Formation — Value US$, 2015 prices, annual growth 2.13 % change on previous year (2024)
- Gross Fixed Capital Formation — Share of GDP US$, 2015 prices 16.77 % (2024)
- Gross Fixed Capital Formation — Share of GDP US$ 15.55 % (2024)
- Gross Fixed Capital Formation — Value US$, 2015 prices 64,099 million USD (2024)
- Gross Fixed Capital Formation — Value US$ 92,184 million USD (2024)
- Gross Domestic Product — Annual growth US$ per capita, 2015 prices 2.59 % (2024)
- Gross Domestic Product — Value US$, 2015 prices 382,272 million USD (2024)
Frequently asked questions
- What is merchandise trade as a proportion of gdp in Caribbean?
- Merchandise trade as a proportion of gdp in Caribbean was 25.4% in 2020, according to United Nations Statistics Division, SDG Global Database.
- What is the highest merchandise trade as a proportion of gdp recorded in Caribbean?
- The highest recorded value was 51.1% in 2011.
- What is the lowest merchandise trade as a proportion of gdp recorded in Caribbean?
- The lowest recorded value was 25.4% in 2020.
- How does Caribbean rank for merchandise trade as a proportion of gdp?
- Caribbean ranks 204th out of 220 countries with data for 2020.
- Is merchandise trade as a proportion of gdp rising or falling in Caribbean?
- Over the last ten years it is down 50.4%. The long-run trend across the full record is falling.
- Where does this Caribbean data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Merchandise trade as a proportion of GDP (%). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 10 observations, free to reuse under UN SDG Global Database (open, attribution requested).