Trade in IDA total
IDA total: Trade was 47.2% in 2024. ▲ Rising
Trade in IDA total, 1960–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in % of GDP.
Analysis
In 2024, trade in IDA total stood at 47.2%.
That represents a change of down 2.3% on the previous year and down 1.5% over ten years.
Over the whole period, trade in IDA total peaked at 51.1% in 2022 and was at its lowest, 32.1%, in 1960.
That places IDA total 34th out of 41 groups with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 11 years of available data.
Trade in IDA total, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1960 | 32.1% | — |
| 2015 | 48.0% | +49.4% |
| 2016 | 45.2% | -5.9% |
| 2017 | 46.3% | +2.5% |
| 2018 | 49.3% | +6.4% |
| 2019 | 48.7% | -1.2% |
| 2020 | 43.7% | -10.3% |
| 2021 | 47.2% | +8.2% |
| 2022 | 51.1% | +8.1% |
| 2023 | 48.3% | -5.3% |
| 2024 | 47.2% | -2.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 32.1% | 32.1% | 32.1% | 1 |
| 2010s | 47.5% | 45.2% | 49.3% | 5 |
| 2020s | 47.5% | 43.7% | 51.1% | 5 |
Countries ranked near IDA total
More economy & growth data for IDA total
- GDP 3.20 trillion current US$ (2025)
- Services, value added 1.54 trillion current US$ (2025)
- Services, value added 1.54 trillion constant 2015 US$ (2025)
- Services, value added 4.6% (2025)
- Services, value added 48.1% (2025)
- Inflation, GDP deflator 4.3% (2025)
- Gross value added at basic prices (GVA) 3.02 trillion current US$ (2025)
- Gross value added at basic prices (GVA) 2.89 trillion constant 2015 US$ (2025)
- Gross domestic savings -69.90 billion current US$ (2025)
- GDP per capita growth 2.6% (2025)
Frequently asked questions
- What is trade in IDA total?
- Trade in IDA total was 47.2% in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest trade recorded in IDA total?
- The highest recorded value was 51.1% in 2022.
- What is the lowest trade recorded in IDA total?
- The lowest recorded value was 32.1% in 1960.
- How does IDA total rank for trade?
- IDA total ranks 34th out of 41 groups with data for 2024.
- Is trade rising or falling in IDA total?
- Over the last ten years it is down 1.5%. The long-run trend across the full record is rising.
- Where does this IDA total 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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CSV · JSON — 11 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. 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.