Merchandise trade as a proportion of GDP in Melanesia
Melanesia: Merchandise trade as a proportion of GDP was 56.5% in 2024. ▼ Falling
Merchandise trade as a proportion of GDP in Melanesia, 2000–2024
Source: United Nations Statistics Division, SDG Global Database. Measured in %.
Analysis
Melanesia recorded 56.5% for merchandise trade as a proportion of gdp in 2024.
That represents a change of down 6.4% on the previous year and down 2.6% over ten years.
Over the whole period, merchandise trade as a proportion of gdp in Melanesia peaked at 70.9% in 2005 and was at its lowest, 50.8%, in 2016.
That places Melanesia 104th out of 218 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently falling across the 25 years of available data.
Merchandise trade as a proportion of GDP in Melanesia, year by year
| Year | % | Change |
|---|---|---|
| 2000 | 69.4% | — |
| 2001 | 68.1% | -2.0% |
| 2002 | 64.6% | -5.1% |
| 2003 | 70.3% | +8.9% |
| 2004 | 70.5% | +0.3% |
| 2005 | 70.9% | +0.5% |
| 2006 | 65.3% | -7.8% |
| 2007 | 67.6% | +3.4% |
| 2008 | 68.1% | +0.8% |
| 2009 | 55.6% | -18.3% |
| 2010 | 62.4% | +12.2% |
| 2011 | 62.0% | -0.7% |
| 2012 | 55.5% | -10.5% |
| 2013 | 56.0% | +0.9% |
| 2014 | 58.0% | +3.5% |
| 2015 | 51.5% | -11.2% |
| 2016 | 50.8% | -1.3% |
| 2017 | 55.4% | +9.0% |
| 2018 | 57.4% | +3.5% |
| 2019 | 59.2% | +3.2% |
| 2020 | 51.8% | -12.5% |
| 2021 | 56.1% | +8.3% |
| 2022 | 65.3% | +16.4% |
| 2023 | 60.4% | -7.6% |
| 2024 | 56.5% | -6.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 67.0% | 55.6% | 70.9% | 10 |
| 2010s | 56.8% | 50.8% | 62.4% | 10 |
| 2020s | 58.0% | 51.8% | 65.3% | 5 |
Countries ranked near Melanesia
- 101 Marshall Islands 56.9% compare
- 102 Papua New Guinea 56.9% compare
- 103 Andorra 56.7% compare
- 105 Timor-Leste 56.4% compare
- 105 Timor-Leste 56.4% compare
- 107 Vanuatu 56.4% compare
More economy & growth data for Melanesia
- Gross Domestic Product — Annual growth US$, 2015 prices 3.74 % (2024)
- Gross Fixed Capital Formation — Annual growth US$ 2.11 % (2024)
- Gross Fixed Capital Formation — Share of GDP US$, 2015 prices 15.03 % (2024)
- Gross Fixed Capital Formation — Share of GDP US$ 13.74 % (2024)
- Gross Fixed Capital Formation — Value US$, 2015 prices 6,546 million USD (2024)
- Gross Fixed Capital Formation — Value US$ 7,131 million USD (2024)
- Gross Domestic Product — Annual growth US$ per capita, 2015 prices 1.97 % (2024)
- Gross Domestic Product — Value US$ 51,880 million USD (2024)
- Gross Domestic Product — Value US$ per capita, 2015 prices 3,365 USD (2024)
- Gross Domestic Product — Value US$, 2015 prices 43,564 million USD (2024)
Frequently asked questions
- What is merchandise trade as a proportion of gdp in Melanesia?
- Merchandise trade as a proportion of gdp in Melanesia was 56.5% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest merchandise trade as a proportion of gdp recorded in Melanesia?
- The highest recorded value was 70.9% in 2005.
- What is the lowest merchandise trade as a proportion of gdp recorded in Melanesia?
- The lowest recorded value was 50.8% in 2016.
- How does Melanesia rank for merchandise trade as a proportion of gdp?
- Melanesia ranks 104th out of 218 countries with data for 2024.
- Is merchandise trade as a proportion of gdp rising or falling in Melanesia?
- Over the last ten years it is down 2.6%. The long-run trend across the full record is falling.
- Where does this Melanesia 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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