Merchandise trade as a proportion of GDP in Europe
Europe: Merchandise trade as a proportion of GDP was 64.3% in 2024. ▲ Rising
Merchandise trade as a proportion of GDP in Europe, 2000–2024
Source: United Nations Statistics Division, SDG Global Database. Measured in %.
Analysis
In 2024, merchandise trade as a proportion of gdp in Europe stood at 64.3%.
That represents a change of down 5.7% on the previous year and up 2.4% over ten years.
Over the whole period, merchandise trade as a proportion of gdp in Europe peaked at 75.4% in 2022 and was at its lowest, 52.6%, in 2003.
Europe ranks 8th of 37 groups on this measure, in the top quarter.
The long-run direction has been consistently rising across the 25 years of available data.
Merchandise trade as a proportion of GDP in Europe, year by year
| Year | % | Change |
|---|---|---|
| 2000 | 55.8% | — |
| 2001 | 54.9% | -1.6% |
| 2002 | 53.2% | -3.2% |
| 2003 | 52.6% | -1.1% |
| 2004 | 54.5% | +3.6% |
| 2005 | 57.0% | +4.7% |
| 2006 | 60.3% | +5.9% |
| 2007 | 60.7% | +0.5% |
| 2008 | 62.7% | +3.4% |
| 2009 | 53.9% | -14.0% |
| 2010 | 60.0% | +11.2% |
| 2011 | 64.1% | +6.9% |
| 2012 | 64.8% | +1.0% |
| 2013 | 63.8% | -1.4% |
| 2014 | 62.8% | -1.6% |
| 2015 | 62.7% | -0.1% |
| 2016 | 62.5% | -0.3% |
| 2017 | 64.8% | +3.7% |
| 2018 | 66.3% | +2.3% |
| 2019 | 65.3% | -1.5% |
| 2020 | 62.7% | -3.9% |
| 2021 | 67.7% | +7.9% |
| 2022 | 75.4% | +11.5% |
| 2023 | 68.2% | -9.6% |
| 2024 | 64.3% | -5.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 56.6% | 52.6% | 62.7% | 10 |
| 2010s | 63.7% | 60.0% | 66.3% | 10 |
| 2020s | 67.7% | 62.7% | 75.4% | 5 |
Countries ranked near Europe
More economy & growth data for Europe
- Gross Domestic Product — Value US$ 27.06 million million USD (2024)
- Gross Domestic Product — Annual growth US$ 4.85 % (2024)
- Gross Domestic Product — Value US$, 2015 prices 22.10 million million USD (2024)
- Gross Domestic Product — Value US$ per capita, 2015 prices 29,680 USD (2024)
- Gross Domestic Product — Value US$ per capita 36,332 USD (2024)
- Gross Fixed Capital Formation — Annual growth US$ 1.68 % (2024)
- Gross Fixed Capital Formation — Share of GDP US$, 2015 prices 21.04 % (2024)
- Gross Fixed Capital Formation — Share of GDP US$ 20.98 % (2024)
- Gross Domestic Product — Annual growth US$ per capita 4.92 % (2024)
- Gross Fixed Capital Formation — Annual growth US$, 2015 prices -0.5895 % (2024)
Frequently asked questions
- What is merchandise trade as a proportion of gdp in Europe?
- Merchandise trade as a proportion of gdp in Europe was 64.3% 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?
- The highest recorded value was 75.4% in 2022.
- What is the lowest merchandise trade as a proportion of gdp recorded in Europe?
- The lowest recorded value was 52.6% in 2003.
- How does Europe rank for merchandise trade as a proportion of gdp?
- Europe ranks 8th out of 37 groups with data for 2024.
- Is merchandise trade as a proportion of gdp rising or falling in Europe?
- Over the last ten years it is up 2.4%. The long-run trend across the full record is rising.
- Where does this Europe 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 — 25 observations, free to reuse under UN SDG Global Database (open, attribution requested).