Merchandise trade as a proportion of GDP in Small island developing States (SIDS)
Small island developing States (SIDS): Merchandise trade as a proportion of GDP was 124.9% in 2024. ▼ Falling
Merchandise trade as a proportion of GDP in Small island developing States (SIDS), 2000–2024
Source: United Nations Statistics Division, SDG Global Database. Measured in %.
Analysis
The most recent figure for merchandise trade as a proportion of gdp in Small island developing States (SIDS) is 124.9%, measured in 2024.
That represents a change of down 1.1% on the previous year and down 14.9% over ten years.
Over the whole period, merchandise trade as a proportion of gdp in Small island developing States (SIDS) peaked at 184.2% in 2008 and was at its lowest, 111.9%, in 2016.
That places Small island developing States (SIDS) 2nd out of 37 groups with data for 2024, putting it in the top 10%.
The long-run direction has been consistently falling across the 25 years of available data.
Merchandise trade as a proportion of GDP in Small island developing States (SIDS), year by year
| Year | % | Change |
|---|---|---|
| 2000 | 155.2% | — |
| 2001 | 140.5% | -9.5% |
| 2002 | 135.5% | -3.6% |
| 2003 | 157.0% | +15.8% |
| 2004 | 172.6% | +10.0% |
| 2005 | 174.4% | +1.0% |
| 2006 | 181.5% | +4.1% |
| 2007 | 170.7% | -6.0% |
| 2008 | 184.2% | +7.9% |
| 2009 | 144.9% | -21.3% |
| 2010 | 158.9% | +9.7% |
| 2011 | 164.1% | +3.3% |
| 2012 | 156.5% | -4.6% |
| 2013 | 151.0% | -3.5% |
| 2014 | 146.7% | -2.9% |
| 2015 | 121.4% | -17.2% |
| 2016 | 111.9% | -7.8% |
| 2017 | 118.8% | +6.2% |
| 2018 | 123.7% | +4.1% |
| 2019 | 117.4% | -5.1% |
| 2020 | 114.8% | -2.3% |
| 2021 | 137.9% | +20.1% |
| 2022 | 138.2% | +0.2% |
| 2023 | 126.3% | -8.6% |
| 2024 | 124.9% | -1.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 161.6% | 135.5% | 184.2% | 10 |
| 2010s | 137.0% | 111.9% | 164.1% | 10 |
| 2020s | 128.4% | 114.8% | 138.2% | 5 |
Countries ranked near Small island developing States (SIDS)
More economy & growth data for Small island developing States (SIDS)
- Gross Fixed Capital Formation — Annual growth US$, 2015 prices 2.6 % (2024)
- Gross Domestic Product — Value US$ 1.27 million million USD (2024)
- Gross Domestic Product — Value US$ per capita 17,586 USD (2024)
- Gross Domestic Product — Value US$ per capita, 2015 prices 12,595 USD (2024)
- Gross Domestic Product — Value US$, 2015 prices 911,879 million USD (2024)
- Gross Domestic Product — Annual growth US$ 8 % (2024)
- Gross Domestic Product — Annual growth US$ per capita 7.14 % (2024)
- Gross Domestic Product — Annual growth US$, 2015 prices 4.62 % (2024)
- Gross Fixed Capital Formation — Value US$ 233,566 million USD (2024)
- Gross Fixed Capital Formation — Annual growth US$ 3.6 % (2024)
Frequently asked questions
- What is merchandise trade as a proportion of gdp in Small island developing States (SIDS)?
- Merchandise trade as a proportion of gdp in Small island developing States (SIDS) was 124.9% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest merchandise trade as a proportion of gdp recorded in Small island developing States (SIDS)?
- The highest recorded value was 184.2% in 2008.
- What is the lowest merchandise trade as a proportion of gdp recorded in Small island developing States (SIDS)?
- The lowest recorded value was 111.9% in 2016.
- How does Small island developing States (SIDS) rank for merchandise trade as a proportion of gdp?
- Small island developing States (SIDS) ranks 2nd out of 37 groups with data for 2024.
- Is merchandise trade as a proportion of gdp rising or falling in Small island developing States (SIDS)?
- Over the last ten years it is down 14.9%. The long-run trend across the full record is falling.
- Where does this Small island developing States (SIDS) 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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