Merchandise trade as a proportion of GDP in South America
South America: Merchandise trade as a proportion of GDP was 31.8% in 2024. ▲ Rising
Merchandise trade as a proportion of GDP in South America, 2000–2024
Source: United Nations Statistics Division, SDG Global Database. Measured in %.
Analysis
In 2024, merchandise trade as a proportion of gdp in South America stood at 31.8%.
That represents a change of up 2.1% on the previous year and up 14.9% over ten years.
Over the whole period, merchandise trade as a proportion of gdp in South America peaked at 37.1% in 2022 and was at its lowest, 23.4%, in 2000.
That places South America 31st out of 37 groups with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 25 years of available data.
Merchandise trade as a proportion of GDP in South America, year by year
| Year | % | Change |
|---|---|---|
| 2000 | 23.4% | — |
| 2001 | 25.0% | +6.4% |
| 2002 | 29.0% | +16.0% |
| 2003 | 29.9% | +3.3% |
| 2004 | 32.7% | +9.2% |
| 2005 | 32.2% | -1.5% |
| 2006 | 32.3% | +0.4% |
| 2007 | 31.6% | -2.2% |
| 2008 | 32.8% | +3.8% |
| 2009 | 25.4% | -22.5% |
| 2010 | 25.7% | +1.1% |
| 2011 | 28.4% | +10.3% |
| 2012 | 28.3% | -0.1% |
| 2013 | 28.7% | +1.2% |
| 2014 | 27.7% | -3.4% |
| 2015 | 27.0% | -2.4% |
| 2016 | 24.5% | -9.4% |
| 2017 | 24.4% | -0.2% |
| 2018 | 28.4% | +16.3% |
| 2019 | 28.1% | -1.1% |
| 2020 | 30.1% | +7.0% |
| 2021 | 35.8% | +19.0% |
| 2022 | 37.1% | +3.7% |
| 2023 | 31.2% | -16.0% |
| 2024 | 31.8% | +2.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 29.4% | 23.4% | 32.8% | 10 |
| 2010s | 27.1% | 24.4% | 28.7% | 10 |
| 2020s | 33.2% | 30.1% | 37.1% | 5 |
Countries ranked near South America
More economy & growth data for South America
- Gross Domestic Product, GDP in millions constant 2021 international $ 9.17 million (2027)
- Gross Domestic Product — Value US$ 4.35 million million USD (2024)
- Gross Fixed Capital Formation — Value US$ 753,486 million USD (2024)
- Gross Domestic Product — Value US$ per capita 9,997 USD (2024)
- Gross Domestic Product — Value US$ per capita, 2015 prices 9,035 USD (2024)
- Gross Domestic Product — Value US$, 2015 prices 3.93 million million USD (2024)
- Gross Domestic Product — Annual growth US$ 2.44 % (2024)
- Gross Domestic Product — Annual growth US$ per capita 1.83 % (2024)
- Gross Fixed Capital Formation — Annual growth US$ -0.3025 % (2024)
- Gross Fixed Capital Formation — Share of GDP US$, 2015 prices 17.35 % (2024)
Frequently asked questions
- What is merchandise trade as a proportion of gdp in South America?
- Merchandise trade as a proportion of gdp in South America was 31.8% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest merchandise trade as a proportion of gdp recorded in South America?
- The highest recorded value was 37.1% in 2022.
- What is the lowest merchandise trade as a proportion of gdp recorded in South America?
- The lowest recorded value was 23.4% in 2000.
- How does South America rank for merchandise trade as a proportion of gdp?
- South America ranks 31st out of 37 groups with data for 2024.
- Is merchandise trade as a proportion of gdp rising or falling in South America?
- Over the last ten years it is up 14.9%. The long-run trend across the full record is rising.
- Where does this South America 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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CSV · JSON — 25 observations, free to reuse under UN SDG Global Database (open, attribution requested).