Trade of goods and services in Africa
Africa: Trade of goods and services was 1.40 trillion current US$ in 2011. ◆ Volatile
Latest (2011)
1.40 trillion current US$
Change on year
up 20.8%
Rank
1st
of 6 groups
All-time high
1.40 trillion current US$
in 2011
All-time low
18.37 billion current US$
in 1962
Years of data
52
1960–2011
Trade of goods and services in Africa, 1960–2011
Source: World Bank national accounts data, and OECD National Accounts data files. Measured in current US$.
Analysis
In 2011, trade of goods and services in Africa stood at 1.40 trillion current US$. That is the highest value across all 52 years on record.
Compared with earlier readings it is up 20.8% on the previous year and up 311.4% over ten years.
Over the whole period, trade of goods and services in Africa peaked at 1.40 trillion current US$ in 2011 and was at its lowest, 18.37 billion current US$, in 1962.
The series is highly variable year to year, so single readings are best treated with caution.
Trade of goods and services in Africa, year by year
| Year | current US$ | Change |
|---|---|---|
| 1960 | 21.14 billion current US$ | — |
| 1961 | 20.57 billion current US$ | -2.7% |
| 1962 | 18.37 billion current US$ | -10.7% |
| 1963 | 25.41 billion current US$ | +38.3% |
| 1964 | 25.10 billion current US$ | -1.2% |
| 1965 | 26.55 billion current US$ | +5.8% |
| 1966 | 28.68 billion current US$ | +8.0% |
| 1967 | 27.23 billion current US$ | -5.1% |
| 1968 | 29.15 billion current US$ | +7.0% |
| 1969 | 32.84 billion current US$ | +12.7% |
| 1970 | 37.09 billion current US$ | +13.0% |
| 1971 | 39.09 billion current US$ | +5.4% |
| 1972 | 43.70 billion current US$ | +11.8% |
| 1973 | 59.15 billion current US$ | +35.4% |
| 1974 | 93.91 billion current US$ | +58.8% |
| 1975 | 104.80 billion current US$ | +11.6% |
| 1976 | 112.35 billion current US$ | +7.2% |
| 1977 | 127.44 billion current US$ | +13.4% |
| 1978 | 139.69 billion current US$ | +9.6% |
| 1979 | 178.31 billion current US$ | +27.6% |
| 1980 | 236.37 billion current US$ | +32.6% |
| 1981 | 235.52 billion current US$ | -0.4% |
| 1982 | 204.43 billion current US$ | -13.2% |
| 1983 | 183.47 billion current US$ | -10.3% |
| 1984 | 187.30 billion current US$ | +2.1% |
| 1985 | 180.88 billion current US$ | -3.4% |
| 1986 | 181.41 billion current US$ | +0.3% |
| 1987 | 206.57 billion current US$ | +13.9% |
| 1988 | 222.27 billion current US$ | +7.6% |
| 1989 | 237.43 billion current US$ | +6.8% |
| 1990 | 253.06 billion current US$ | +6.6% |
| 1991 | 245.20 billion current US$ | -3.1% |
| 1992 | 259.73 billion current US$ | +5.9% |
| 1993 | 248.22 billion current US$ | -4.4% |
| 1994 | 255.62 billion current US$ | +3.0% |
| 1995 | 295.97 billion current US$ | +15.8% |
| 1996 | 312.79 billion current US$ | +5.7% |
| 1997 | 316.49 billion current US$ | +1.2% |
| 1998 | 295.75 billion current US$ | -6.6% |
| 1999 | 302.43 billion current US$ | +2.3% |
| 2000 | 345.87 billion current US$ | +14.4% |
| 2001 | 339.63 billion current US$ | -1.8% |
| 2002 | 356.33 billion current US$ | +4.9% |
| 2003 | 451.08 billion current US$ | +26.6% |
| 2004 | 563.87 billion current US$ | +25.0% |
| 2005 | 703.26 billion current US$ | +24.7% |
| 2006 | 827.38 billion current US$ | +17.6% |
| 2007 | 995.22 billion current US$ | +20.3% |
| 2008 | 1.24 trillion current US$ | +25.1% |
| 2009 | 970.77 billion current US$ | -22.0% |
| 2010 | 1.16 trillion current US$ | +19.1% |
| 2011 | 1.40 trillion current US$ | +20.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 25.50 billion current US$ | 18.37 billion current US$ | 32.84 billion current US$ | 10 |
| 1970s | 93.55 billion current US$ | 37.09 billion current US$ | 178.31 billion current US$ | 10 |
| 1980s | 207.57 billion current US$ | 180.88 billion current US$ | 237.43 billion current US$ | 10 |
| 1990s | 278.53 billion current US$ | 245.20 billion current US$ | 316.49 billion current US$ | 10 |
| 2000s | 679.82 billion current US$ | 339.63 billion current US$ | 1.24 trillion current US$ | 10 |
| 2010s | 1.28 trillion current US$ | 1.16 trillion current US$ | 1.40 trillion current US$ | 2 |
Countries ranked near Africa
More economy & growth data for Africa
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.96 Percent per annum (2028)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 4.26 Percent per annum (2028)
- Gross Domestic Product — Annual growth US$ per capita 7.84 % (2024)
- Gross Domestic Product — Value US$, 2015 prices 3.04 million million USD (2024)
- Gross Domestic Product — Annual growth US$, 2015 prices 2.89 % (2024)
- Gross Domestic Product — Annual growth US$ per capita, 2015 prices 0.5509 % (2024)
- Gross Fixed Capital Formation — Share of GDP US$ 19.18 % (2024)
- Gross Fixed Capital Formation — Annual growth US$ -6.42 % (2024)
- Gross Fixed Capital Formation — Value US$ 594,014 million USD (2024)
- Gross Fixed Capital Formation — Value US$, 2015 prices 668,776 million USD (2024)
Frequently asked questions
- What is trade of goods and services in Africa?
- Trade of goods and services in Africa was 1.40 trillion current US$ in 2011, according to World Bank national accounts data, and OECD National Accounts data files.
- What is the highest trade of goods and services recorded in Africa?
- The highest recorded value was 1.40 trillion current US$ in 2011.
- What is the lowest trade of goods and services recorded in Africa?
- The lowest recorded value was 18.37 billion current US$ in 1962.
- How does Africa rank for trade of goods and services?
- Africa ranks 1st out of 6 groups with data for 2011.
- Is trade of goods and services rising or falling in Africa?
- Over the last ten years it is up 311.4%. The long-run trend across the full record is volatile.
- Where does this Africa data come from?
- The figures come from World Bank national accounts data, and OECD National Accounts data files, published as part of Trade of goods and services (current US$). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 52 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Trade is the sum of exports and imports of goods and services measured as a share of gross domestic product.