Merchandise trade as a proportion of GDP in Europe and Northern America
Europe and Northern America: Merchandise trade as a proportion of GDP was 41.4% in 2024. ▲ Rising
Merchandise trade as a proportion of GDP in Europe and Northern America, 2000–2024
Source: United Nations Statistics Division, SDG Global Database.
Analysis
Europe and Northern America recorded 41.4% for merchandise trade as a proportion of gdp in 2024.
The figure is down 4.6% on the previous year and down 9.4% over ten years.
Over the whole period, merchandise trade as a proportion of gdp in Europe and Northern America peaked at 47.9% in 2022 and was at its lowest, 36.1%, in 2002.
That places Europe and Northern America 25th out of 37 groups with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 25 years of available data.
Merchandise trade as a proportion of GDP in Europe and Northern America, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 38.6% | — |
| 2001 | 36.9% | -4.3% |
| 2002 | 36.1% | -2.2% |
| 2003 | 37.1% | +2.7% |
| 2004 | 39.5% | +6.4% |
| 2005 | 41.2% | +4.5% |
| 2006 | 43.7% | +5.9% |
| 2007 | 45.0% | +3.1% |
| 2008 | 47.5% | +5.5% |
| 2009 | 39.2% | -17.4% |
| 2010 | 43.7% | +11.6% |
| 2011 | 47.7% | +9.1% |
| 2012 | 47.2% | -1.0% |
| 2013 | 46.4% | -1.6% |
| 2014 | 45.6% | -1.7% |
| 2015 | 42.9% | -6.0% |
| 2016 | 41.9% | -2.3% |
| 2017 | 43.5% | +3.8% |
| 2018 | 44.8% | +2.9% |
| 2019 | 43.1% | -3.7% |
| 2020 | 40.8% | -5.3% |
| 2021 | 44.6% | +9.2% |
| 2022 | 47.9% | +7.4% |
| 2023 | 43.4% | -9.5% |
| 2024 | 41.4% | -4.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 40.5% | 36.1% | 47.5% | 10 |
| 2010s | 44.7% | 41.9% | 47.7% | 10 |
| 2020s | 43.6% | 40.8% | 47.9% | 5 |
Countries ranked near Europe and Northern America
More economy & growth data for Europe and Northern America
- Foreign direct investment (FDI) inflows 533,759 (2024)
- Annual growth rate of real GDP per employed person 1.9% (2025)
- Manufacturing value added (constant 2020 United States dollars) as a 11.5% (2025)
- Manufacturing value added (current United States dollars) as a 11.3% (2024)
- Annual growth rate of real GDP per capita 1.9% (2024)
- Annual GDP growth 2.1% (2024)
- Foreign direct investment, net inflows, as a proportion of GDP 1.0% (2024)
- Annual growth of exports of goods and services 1.4% (2024)
- Annual growth of imports of goods and services 2.1% (2024)
- Domestic material consumption per unit of GDP, by type of raw material 0.4171 (2022)
Frequently asked questions
- What is merchandise trade as a proportion of gdp in Europe and Northern America?
- Merchandise trade as a proportion of gdp in Europe and Northern America was 41.4% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest merchandise trade as a proportion of gdp recorded in Europe and Northern America?
- The highest recorded value was 47.9% in 2022.
- What is the lowest merchandise trade as a proportion of gdp recorded in Europe and Northern America?
- The lowest recorded value was 36.1% in 2002.
- How does Europe and Northern America rank for merchandise trade as a proportion of gdp?
- Europe and Northern America ranks 25th out of 37 groups with data for 2024.
- Is merchandise trade as a proportion of gdp rising or falling in Europe and Northern America?
- Over the last ten years it is down 9.4%. The long-run trend across the full record is rising.
- Where does this Europe and Northern America 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.
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