Merchandise trade as a proportion of GDP in Northern Europe
Northern Europe: Merchandise trade as a proportion of GDP was 47.0% in 2024. ▲ Rising
Merchandise trade as a proportion of GDP in Northern Europe, 2000–2024
Source: United Nations Statistics Division, SDG Global Database.
Analysis
In 2024, merchandise trade as a proportion of gdp in Northern Europe stood at 47.0%.
Compared with earlier readings it is down 5.5% on the previous year and down 1.6% over ten years.
Over the whole period, merchandise trade as a proportion of gdp in Northern Europe peaked at 54.8% in 2022 and was at its lowest, 43.6%, in 2003.
Northern Europe ranks 18th of 37 groups on this measure, 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 Northern Europe, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 47.9% | — |
| 2001 | 47.1% | -1.6% |
| 2002 | 45.5% | -3.5% |
| 2003 | 43.6% | -4.2% |
| 2004 | 43.7% | +0.2% |
| 2005 | 46.1% | +5.6% |
| 2006 | 49.3% | +6.9% |
| 2007 | 46.6% | -5.3% |
| 2008 | 50.5% | +8.2% |
| 2009 | 45.1% | -10.6% |
| 2010 | 49.2% | +9.1% |
| 2011 | 53.1% | +7.8% |
| 2012 | 51.7% | -2.6% |
| 2013 | 50.7% | -1.9% |
| 2014 | 47.8% | -5.8% |
| 2015 | 45.5% | -4.8% |
| 2016 | 46.4% | +2.1% |
| 2017 | 48.4% | +4.2% |
| 2018 | 49.4% | +2.1% |
| 2019 | 49.0% | -0.8% |
| 2020 | 47.0% | -4.2% |
| 2021 | 47.4% | +1.0% |
| 2022 | 54.8% | +15.5% |
| 2023 | 49.8% | -9.1% |
| 2024 | 47.0% | -5.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 46.5% | 43.6% | 50.5% | 10 |
| 2010s | 49.1% | 45.5% | 53.1% | 10 |
| 2020s | 49.2% | 47.0% | 54.8% | 5 |
Countries ranked near Northern Europe
More economy & growth data for Northern Europe
- Gross Domestic Product, GDP in millions constant 2021 international $ 6.84 million (2027)
- Gross Domestic Product — Value US$ 6.26 million million USD (2024)
- Gross Fixed Capital Formation — Value US$ 1.18 million million USD (2024)
- Gross Domestic Product — Value US$ per capita 57,638 USD (2024)
- Gross Domestic Product — Value US$ per capita, 2015 prices 51,132 USD (2024)
- Gross Domestic Product — Value US$, 2015 prices 5.56 million million USD (2024)
- Gross Domestic Product — Annual growth US$ 6.15 % (2024)
- Gross Domestic Product — Annual growth US$ per capita 5.5 % (2024)
- Gross Fixed Capital Formation — Annual growth US$ 1.13 % (2024)
- Gross Fixed Capital Formation — Share of GDP US$, 2015 prices 19.37 % (2024)
Frequently asked questions
- What is merchandise trade as a proportion of gdp in Northern Europe?
- Merchandise trade as a proportion of gdp in Northern Europe was 47.0% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest merchandise trade as a proportion of gdp recorded in Northern Europe?
- The highest recorded value was 54.8% in 2022.
- What is the lowest merchandise trade as a proportion of gdp recorded in Northern Europe?
- The lowest recorded value was 43.6% in 2003.
- How does Northern Europe rank for merchandise trade as a proportion of gdp?
- Northern Europe ranks 18th out of 37 groups with data for 2024.
- Is merchandise trade as a proportion of gdp rising or falling in Northern Europe?
- Over the last ten years it is down 1.6%. The long-run trend across the full record is rising.
- Where does this Northern 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.
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