Merchandise trade as a proportion of GDP in Latin America and the Caribbean
Latin America and the Caribbean: Merchandise trade as a proportion of GDP was 43.1% in 2024. ▲ Rising
Merchandise trade as a proportion of GDP in Latin America and the Caribbean, 2000–2024
Source: United Nations Statistics Division, SDG Global Database.
Analysis
The most recent figure for merchandise trade as a proportion of gdp in Latin America and the Caribbean is 43.1%, measured in 2024.
Compared with earlier readings it is up 0.8% on the previous year and up 17.6% over ten years.
Over the whole period, merchandise trade as a proportion of gdp in Latin America and the Caribbean peaked at 50.0% in 2022 and was at its lowest, 32.8%, in 2009.
That places Latin America and the Caribbean 24th 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 Latin America and the Caribbean, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 33.3% | — |
| 2001 | 33.0% | -0.9% |
| 2002 | 35.9% | +8.8% |
| 2003 | 37.6% | +4.7% |
| 2004 | 40.0% | +6.5% |
| 2005 | 39.9% | -0.3% |
| 2006 | 40.5% | +1.4% |
| 2007 | 39.6% | -2.2% |
| 2008 | 40.3% | +2.0% |
| 2009 | 32.8% | -18.6% |
| 2010 | 33.7% | +2.7% |
| 2011 | 36.6% | +8.5% |
| 2012 | 36.9% | +0.9% |
| 2013 | 37.0% | +0.3% |
| 2014 | 36.7% | -1.1% |
| 2015 | 37.6% | +2.7% |
| 2016 | 36.1% | -4.0% |
| 2017 | 35.9% | -0.6% |
| 2018 | 40.4% | +12.3% |
| 2019 | 39.9% | -1.1% |
| 2020 | 41.3% | +3.6% |
| 2021 | 48.0% | +16.0% |
| 2022 | 50.0% | +4.4% |
| 2023 | 42.8% | -14.5% |
| 2024 | 43.1% | +0.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 37.3% | 32.8% | 40.5% | 10 |
| 2010s | 37.1% | 33.7% | 40.4% | 10 |
| 2020s | 45.0% | 41.3% | 50.0% | 5 |
Countries ranked near Latin America and the Caribbean
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Frequently asked questions
- What is merchandise trade as a proportion of gdp in Latin America and the Caribbean?
- Merchandise trade as a proportion of gdp in Latin America and the Caribbean was 43.1% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest merchandise trade as a proportion of gdp recorded in Latin America and the Caribbean?
- The highest recorded value was 50.0% in 2022.
- What is the lowest merchandise trade as a proportion of gdp recorded in Latin America and the Caribbean?
- The lowest recorded value was 32.8% in 2009.
- How does Latin America and the Caribbean rank for merchandise trade as a proportion of gdp?
- Latin America and the Caribbean ranks 24th out of 37 groups with data for 2024.
- Is merchandise trade as a proportion of gdp rising or falling in Latin America and the Caribbean?
- Over the last ten years it is up 17.6%. The long-run trend across the full record is rising.
- Where does this Latin America and the 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.
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