Merchandise trade as a proportion of GDP in Western Europe
Western Europe: Merchandise trade as a proportion of GDP was 75.8% in 2024. ▲ Rising
Merchandise trade as a proportion of GDP in Western Europe, 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 Europe is 75.8%, measured in 2024.
The figure is down 6.0% on the previous year and up 0.8% over ten years.
Over the whole period, merchandise trade as a proportion of gdp in Western Europe peaked at 90.4% in 2022 and was at its lowest, 61.3%, in 2003.
Western Europe ranks 4th of 37 groups on this measure, in the top 10%.
The long-run direction has been consistently rising across the 25 years of available data.
Merchandise trade as a proportion of GDP in Western Europe, year by year
| Year | % | Change |
|---|---|---|
| 2000 | 63.8% | — |
| 2001 | 63.2% | -0.8% |
| 2002 | 61.6% | -2.5% |
| 2003 | 61.3% | -0.5% |
| 2004 | 64.4% | +5.0% |
| 2005 | 68.3% | +6.1% |
| 2006 | 72.4% | +6.1% |
| 2007 | 74.1% | +2.3% |
| 2008 | 75.7% | +2.2% |
| 2009 | 64.3% | -15.1% |
| 2010 | 71.4% | +11.2% |
| 2011 | 76.1% | +6.6% |
| 2012 | 78.9% | +3.6% |
| 2013 | 77.5% | -1.8% |
| 2014 | 75.2% | -3.0% |
| 2015 | 75.3% | +0.1% |
| 2016 | 73.9% | -1.8% |
| 2017 | 76.4% | +3.3% |
| 2018 | 77.5% | +1.5% |
| 2019 | 76.4% | -1.5% |
| 2020 | 72.0% | -5.7% |
| 2021 | 79.0% | +9.7% |
| 2022 | 90.4% | +14.4% |
| 2023 | 80.6% | -10.8% |
| 2024 | 75.8% | -6.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 66.9% | 61.3% | 75.7% | 10 |
| 2010s | 75.9% | 71.4% | 78.9% | 10 |
| 2020s | 79.6% | 72.0% | 90.4% | 5 |
Countries ranked near Western Europe
More economy & growth data for Western Europe
- Gross Domestic Product, GDP in millions constant 2021 international $ 12.78 million (2027)
- Gross Domestic Product — Value US$ 11.28 million million USD (2024)
- Gross Fixed Capital Formation — Value US$ 2.48 million million USD (2024)
- Gross Domestic Product — Value US$ per capita 56,453 USD (2024)
- Gross Domestic Product — Value US$ per capita, 2015 prices 45,841 USD (2024)
- Gross Domestic Product — Value US$, 2015 prices 9.16 million million USD (2024)
- Gross Domestic Product — Annual growth US$ 3.64 % (2024)
- Gross Domestic Product — Annual growth US$ per capita 3.47 % (2024)
- Gross Fixed Capital Formation — Annual growth US$ 0.7042 % (2024)
- Gross Fixed Capital Formation — Share of GDP US$, 2015 prices 21.22 % (2024)
Frequently asked questions
- What is merchandise trade as a proportion of gdp in Western Europe?
- Merchandise trade as a proportion of gdp in Western Europe was 75.8% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest merchandise trade as a proportion of gdp recorded in Western Europe?
- The highest recorded value was 90.4% in 2022.
- What is the lowest merchandise trade as a proportion of gdp recorded in Western Europe?
- The lowest recorded value was 61.3% in 2003.
- How does Western Europe rank for merchandise trade as a proportion of gdp?
- Western Europe ranks 4th out of 37 groups with data for 2024.
- Is merchandise trade as a proportion of gdp rising or falling in Western Europe?
- Over the last ten years it is up 0.8%. The long-run trend across the full record is rising.
- Where does this Western 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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