Merchandise trade as a proportion of GDP in Southern Europe
Southern Europe: Merchandise trade as a proportion of GDP was 57.9% in 2024. ▲ Rising
Merchandise trade as a proportion of GDP in Southern Europe, 2000–2024
Source: United Nations Statistics Division, SDG Global Database.
Analysis
Southern Europe recorded 57.9% for merchandise trade as a proportion of gdp in 2024.
The figure is down 4.3% on the previous year and up 15.8% over ten years.
Over the whole period, merchandise trade as a proportion of gdp in Southern Europe peaked at 69.0% in 2022 and was at its lowest, 37.9%, in 2009.
That places Southern Europe 11th out of 37 groups with data for 2024, putting it 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 Southern Europe, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 44.2% | — |
| 2001 | 42.9% | -3.0% |
| 2002 | 40.6% | -5.3% |
| 2003 | 39.5% | -2.6% |
| 2004 | 40.7% | +2.9% |
| 2005 | 42.2% | +3.8% |
| 2006 | 45.0% | +6.4% |
| 2007 | 46.4% | +3.2% |
| 2008 | 46.6% | +0.4% |
| 2009 | 37.9% | -18.7% |
| 2010 | 44.0% | +15.9% |
| 2011 | 48.3% | +9.9% |
| 2012 | 49.5% | +2.5% |
| 2013 | 49.5% | -0.1% |
| 2014 | 50.0% | +1.1% |
| 2015 | 50.3% | +0.6% |
| 2016 | 49.6% | -1.5% |
| 2017 | 52.6% | +6.0% |
| 2018 | 54.1% | +2.9% |
| 2019 | 53.9% | -0.4% |
| 2020 | 52.4% | -2.7% |
| 2021 | 58.7% | +12.0% |
| 2022 | 69.0% | +17.6% |
| 2023 | 60.6% | -12.2% |
| 2024 | 57.9% | -4.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 42.6% | 37.9% | 46.6% | 10 |
| 2010s | 50.2% | 44.0% | 54.1% | 10 |
| 2020s | 59.7% | 52.4% | 69.0% | 5 |
Countries ranked near Southern Europe
More economy & growth data for Southern Europe
- Gross Domestic Product, GDP in millions constant 2021 international $ 7.33 million (2027)
- Gross Domestic Product — Value US$ 5.03 million million USD (2024)
- Gross Fixed Capital Formation — Value US$, 2015 prices 890,910 million USD (2024)
- Gross Domestic Product — Value US$ per capita 33,234 USD (2024)
- Gross Domestic Product — Value US$ per capita, 2015 prices 27,640 USD (2024)
- Gross Domestic Product — Value US$, 2015 prices 4.18 million million USD (2024)
- Gross Domestic Product — Annual growth US$ 4.81 % (2024)
- Gross Domestic Product — Annual growth US$ per capita 5.14 % (2024)
- Gross Fixed Capital Formation — Annual growth US$ 3.1 % (2024)
- Gross Fixed Capital Formation — Share of GDP US$, 2015 prices 21.32 % (2024)
Frequently asked questions
- What is merchandise trade as a proportion of gdp in Southern Europe?
- Merchandise trade as a proportion of gdp in Southern Europe was 57.9% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest merchandise trade as a proportion of gdp recorded in Southern Europe?
- The highest recorded value was 69.0% in 2022.
- What is the lowest merchandise trade as a proportion of gdp recorded in Southern Europe?
- The lowest recorded value was 37.9% in 2009.
- How does Southern Europe rank for merchandise trade as a proportion of gdp?
- Southern Europe ranks 11th out of 37 groups with data for 2024.
- Is merchandise trade as a proportion of gdp rising or falling in Southern Europe?
- Over the last ten years it is up 15.8%. The long-run trend across the full record is rising.
- Where does this Southern 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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CSV · JSON — 25 observations, free to reuse under UN SDG Global Database (open, attribution requested).