Trade in High income
High income: Trade was 60.5% in 2024. ▲ Rising
Trade in High income, 1970–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in % of GDP.
Analysis
High income recorded 60.5% for trade in 2024.
The figure is down 3.4% on the previous year and down 1.9% over ten years.
Over the whole period, trade in High income peaked at 67.0% in 2022 and was at its lowest, 30.7%, in 1971.
That places High income 12th out of 43 groups with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 55 years of available data.
Trade in High income, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1970 | 30.8% | — |
| 1971 | 30.7% | -0.3% |
| 1972 | 30.7% | +0.0% |
| 1973 | 34.1% | +10.9% |
| 1974 | 39.1% | +14.8% |
| 1975 | 36.9% | -5.7% |
| 1976 | 38.2% | +3.6% |
| 1977 | 38.7% | +1.3% |
| 1978 | 38.2% | -1.3% |
| 1979 | 40.5% | +6.0% |
| 1980 | 43.2% | +6.7% |
| 1981 | 43.5% | +0.7% |
| 1982 | 41.8% | -3.9% |
| 1983 | 40.9% | -2.2% |
| 1984 | 42.6% | +4.2% |
| 1985 | 41.9% | -1.7% |
| 1986 | 39.1% | -6.7% |
| 1987 | 39.4% | +0.9% |
| 1988 | 40.2% | +1.9% |
| 1989 | 41.2% | +2.7% |
| 1990 | 41.1% | -0.4% |
| 1991 | 40.4% | -1.6% |
| 1992 | 43.0% | +6.5% |
| 1993 | 41.3% | -4.0% |
| 1994 | 42.1% | +1.9% |
| 1995 | 44.4% | +5.5% |
| 1996 | 44.7% | +0.6% |
| 1997 | 46.5% | +4.0% |
| 1998 | 47.0% | +1.1% |
| 1999 | 47.8% | +1.6% |
| 2000 | 52.0% | +8.8% |
| 2001 | 50.6% | -2.7% |
| 2002 | 49.4% | -2.3% |
| 2003 | 49.7% | +0.6% |
| 2004 | 52.4% | +5.5% |
| 2005 | 54.6% | +4.2% |
| 2006 | 57.4% | +5.0% |
| 2007 | 58.5% | +1.9% |
| 2008 | 61.0% | +4.4% |
| 2009 | 53.2% | -12.8% |
| 2010 | 58.1% | +9.2% |
| 2011 | 61.9% | +6.4% |
| 2012 | 62.2% | +0.5% |
| 2013 | 61.9% | -0.5% |
| 2014 | 61.7% | -0.2% |
| 2015 | 60.0% | -2.9% |
| 2016 | 58.3% | -2.8% |
| 2017 | 60.1% | +3.1% |
| 2018 | 61.3% | +2.0% |
| 2019 | 60.4% | -1.4% |
| 2020 | 55.9% | -7.4% |
| 2021 | 60.3% | +7.8% |
| 2022 | 67.0% | +11.1% |
| 2023 | 62.7% | -6.4% |
| 2024 | 60.5% | -3.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 35.8% | 30.7% | 40.5% | 10 |
| 1980s | 41.4% | 39.1% | 43.5% | 10 |
| 1990s | 43.8% | 40.4% | 47.8% | 10 |
| 2000s | 53.9% | 49.4% | 61.0% | 10 |
| 2010s | 60.6% | 58.1% | 62.2% | 10 |
| 2020s | 61.3% | 55.9% | 67.0% | 5 |
Countries ranked near High income
More economy & growth data for High income
- Agriculture, forestry, and fishing, value added -0.3% (2024)
- Imports of goods and services 19.90 trillion constant 2015 US$ (2025)
- Imports of goods and services 5.2% (2025)
- Imports of goods and services 30.8% (2025)
- External balance on goods and services 0.9% (2025)
- GDP (current US$), annual growth rate 6.5 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added 717.59 billion constant 2015 US$ (2024)
- Industry (including construction), value added -0.3% (2024)
- Industry (including construction), value added 12.75 trillion constant 2015 US$ (2024)
- Industry (including construction), value added 15.39 trillion current US$ (2024)
Frequently asked questions
- What is trade in High income?
- Trade in High income was 60.5% in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest trade recorded in High income?
- The highest recorded value was 67.0% in 2022.
- What is the lowest trade recorded in High income?
- The lowest recorded value was 30.7% in 1971.
- How does High income rank for trade?
- High income ranks 12th out of 43 groups with data for 2024.
- Is trade rising or falling in High income?
- Over the last ten years it is down 1.9%. The long-run trend across the full record is rising.
- Where does this High income data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of Trade (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Trade is the sum of exports and imports of goods and services. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.