Merchandise trade as a proportion of GDP in Western Asia
Western Asia: Merchandise trade as a proportion of GDP was 67.1% in 2024. ▲ Rising
Merchandise trade as a proportion of GDP in Western Asia, 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 Western Asia is 67.1%, measured in 2024.
Compared with earlier readings it is down 2.7% on the previous year and down 2.7% over ten years.
Over the whole period, merchandise trade as a proportion of gdp in Western Asia peaked at 74.0% in 2012 and was at its lowest, 53.0%, in 2000.
Western Asia ranks 5th of 37 groups on this measure, in the top quarter.
The long-run direction has been consistently rising across the 25 years of available data.
Merchandise trade as a proportion of GDP in Western Asia, year by year
| Year | % | Change |
|---|---|---|
| 2000 | 53.0% | — |
| 2001 | 55.5% | +4.7% |
| 2002 | 55.7% | +0.5% |
| 2003 | 58.5% | +4.9% |
| 2004 | 63.8% | +9.2% |
| 2005 | 65.7% | +2.9% |
| 2006 | 67.2% | +2.3% |
| 2007 | 69.3% | +3.1% |
| 2008 | 73.9% | +6.8% |
| 2009 | 65.0% | -12.1% |
| 2010 | 65.5% | +0.7% |
| 2011 | 72.1% | +10.1% |
| 2012 | 74.0% | +2.6% |
| 2013 | 72.3% | -2.3% |
| 2014 | 69.0% | -4.6% |
| 2015 | 63.5% | -7.9% |
| 2016 | 59.3% | -6.7% |
| 2017 | 61.2% | +3.2% |
| 2018 | 64.4% | +5.3% |
| 2019 | 63.8% | -1.0% |
| 2020 | 60.9% | -4.5% |
| 2021 | 66.8% | +9.7% |
| 2022 | 72.4% | +8.3% |
| 2023 | 68.9% | -4.8% |
| 2024 | 67.1% | -2.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 62.7% | 53.0% | 73.9% | 10 |
| 2010s | 66.5% | 59.3% | 74.0% | 10 |
| 2020s | 67.2% | 60.9% | 72.4% | 5 |
Countries ranked near Western Asia
More economy & growth data for Western Asia
- Gross Domestic Product, GDP in millions constant 2021 international $ 4.37 million (2027)
- Gross Domestic Product — Value US$ 4.55 million million USD (2024)
- Gross Fixed Capital Formation — Value US$ 1.19 million million USD (2024)
- Gross Domestic Product — Value US$ per capita 14,704 USD (2024)
- Gross Domestic Product — Value US$ per capita, 2015 prices 12,408 USD (2024)
- Gross Domestic Product — Value US$, 2015 prices 3.84 million million USD (2024)
- Gross Domestic Product — Annual growth US$ 6.59 % (2024)
- Gross Domestic Product — Annual growth US$ per capita 4.74 % (2024)
- Gross Fixed Capital Formation — Annual growth US$ 7.8 % (2024)
- Gross Fixed Capital Formation — Share of GDP US$, 2015 prices 26.15 % (2024)
Frequently asked questions
- What is merchandise trade as a proportion of gdp in Western Asia?
- Merchandise trade as a proportion of gdp in Western Asia was 67.1% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest merchandise trade as a proportion of gdp recorded in Western Asia?
- The highest recorded value was 74.0% in 2012.
- What is the lowest merchandise trade as a proportion of gdp recorded in Western Asia?
- The lowest recorded value was 53.0% in 2000.
- How does Western Asia rank for merchandise trade as a proportion of gdp?
- Western Asia ranks 5th out of 37 groups with data for 2024.
- Is merchandise trade as a proportion of gdp rising or falling in Western Asia?
- Over the last ten years it is down 2.7%. The long-run trend across the full record is rising.
- Where does this Western Asia 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.
Download this data
CSV · JSON — 25 observations, free to reuse under UN SDG Global Database (open, attribution requested).