Merchandise trade as a proportion of GDP in Least Developed Countries (LDCs)
Least Developed Countries (LDCs): Merchandise trade as a proportion of GDP was 40.4% in 2024. ▬ Flat
Latest (2024)
40.4%
Change on year
down 0.5%
Rank
27th
of 37 groups
All-time high
49.7%
in 2008
All-time low
35.2%
in 2000
Years of data
25
2000–2024
Merchandise trade as a proportion of GDP in Least Developed Countries (LDCs), 2000–2024
Source: United Nations Statistics Division, SDG Global Database. Measured in %.
Analysis
Least Developed Countries (LDCs) recorded 40.4% for merchandise trade as a proportion of gdp in 2024.
That represents a change of down 0.5% on the previous year and down 9.8% over ten years.
Over the whole period, merchandise trade as a proportion of gdp in Least Developed Countries (LDCs) peaked at 49.7% in 2008 and was at its lowest, 35.2%, in 2000.
Least Developed Countries (LDCs) ranks 27th of 37 groups on this measure, in the middle of the range.
Merchandise trade as a proportion of GDP in Least Developed Countries (LDCs), year by year
| Year | % | Change |
|---|---|---|
| 2000 | 35.2% | — |
| 2001 | 37.6% | +6.7% |
| 2002 | 36.9% | -2.0% |
| 2003 | 38.1% | +3.4% |
| 2004 | 40.8% | +7.0% |
| 2005 | 44.1% | +8.3% |
| 2006 | 45.7% | +3.6% |
| 2007 | 47.1% | +2.9% |
| 2008 | 49.7% | +5.6% |
| 2009 | 43.1% | -13.3% |
| 2010 | 45.0% | +4.2% |
| 2011 | 48.6% | +8.2% |
| 2012 | 48.9% | +0.5% |
| 2013 | 47.6% | -2.6% |
| 2014 | 44.8% | -5.9% |
| 2015 | 41.6% | -7.2% |
| 2016 | 38.8% | -6.7% |
| 2017 | 40.5% | +4.4% |
| 2018 | 42.8% | +5.8% |
| 2019 | 40.2% | -6.1% |
| 2020 | 36.7% | -8.6% |
| 2021 | 41.9% | +14.0% |
| 2022 | 42.3% | +1.1% |
| 2023 | 40.7% | -3.9% |
| 2024 | 40.4% | -0.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 41.8% | 35.2% | 49.7% | 10 |
| 2010s | 43.9% | 38.8% | 48.9% | 10 |
| 2020s | 40.4% | 36.7% | 42.3% | 5 |
Countries ranked near Least Developed Countries (LDCs)
- 24 Belarus 113.2% compare
- 25 Lao People's Democratic Republic 109.4% compare
- 25 Lao People's Democratic Republic 109.4% compare
- 27 Guyana 107.9% compare
- 28 Latvia 101.6% compare
- 29 Micronesia (Federated States of) 101.2% compare
- 30 Lithuania 99.5% compare
More economy & growth data for Least Developed Countries (LDCs)
- Gross Fixed Capital Formation — Value US$, 2015 prices 437,904 million USD (2024)
- Gross Fixed Capital Formation — Annual growth US$, 2015 prices 6.33 % (2024)
- Gross Fixed Capital Formation — Annual growth US$ 2.46 % (2024)
- Gross Fixed Capital Formation — Share of GDP US$, 2015 prices 31.16 % (2024)
- Gross Fixed Capital Formation — Share of GDP US$ 25.21 % (2024)
- Gross Domestic Product — Value US$ 1.51 million million USD (2024)
- Gross Domestic Product — Value US$ per capita 1,271 USD (2024)
- Gross Domestic Product — Value US$ per capita, 2015 prices 1,183 USD (2024)
- Gross Domestic Product — Annual growth US$ 5.94 % (2024)
- Gross Fixed Capital Formation — Value US$ 380,646 million USD (2024)
Frequently asked questions
- What is merchandise trade as a proportion of gdp in Least Developed Countries (LDCs)?
- Merchandise trade as a proportion of gdp in Least Developed Countries (LDCs) was 40.4% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest merchandise trade as a proportion of gdp recorded in Least Developed Countries (LDCs)?
- The highest recorded value was 49.7% in 2008.
- What is the lowest merchandise trade as a proportion of gdp recorded in Least Developed Countries (LDCs)?
- The lowest recorded value was 35.2% in 2000.
- How does Least Developed Countries (LDCs) rank for merchandise trade as a proportion of gdp?
- Least Developed Countries (LDCs) ranks 27th out of 37 groups with data for 2024.
- Is merchandise trade as a proportion of gdp rising or falling in Least Developed Countries (LDCs)?
- Over the last ten years it is down 9.8%. The long-run trend across the full record is flat.
- Where does this Least Developed Countries (LDCs) 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).