Trade in North America
North America: Trade was 28.5% in 2024. ▲ Rising
Trade in North America, 1970–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in % of GDP.
Analysis
North America recorded 28.5% for trade in 2024.
Compared with earlier readings it is down 0.2% on the previous year and down 13.4% over ten years.
Over the whole period, trade in North America peaked at 33.6% in 2011 and was at its lowest, 13.3%, in 1971.
That places North America 43rd out of 43 groups with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 55 years of available data.
Trade in North America, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1970 | 13.4% | — |
| 1971 | 13.3% | -0.5% |
| 1972 | 13.9% | +4.8% |
| 1973 | 15.7% | +12.9% |
| 1974 | 19.1% | +21.6% |
| 1975 | 18.1% | -5.4% |
| 1976 | 18.5% | +1.9% |
| 1977 | 18.9% | +2.5% |
| 1978 | 19.7% | +4.1% |
| 1979 | 21.3% | +8.0% |
| 1980 | 22.9% | +7.9% |
| 1981 | 22.2% | -3.2% |
| 1982 | 20.0% | -9.9% |
| 1983 | 19.2% | -3.9% |
| 1984 | 20.5% | +6.6% |
| 1985 | 19.7% | -3.9% |
| 1986 | 20.0% | +1.5% |
| 1987 | 20.8% | +4.0% |
| 1988 | 21.8% | +5.0% |
| 1989 | 22.0% | +0.9% |
| 1990 | 22.4% | +1.6% |
| 1991 | 22.3% | -0.4% |
| 1992 | 22.7% | +2.0% |
| 1993 | 23.3% | +2.4% |
| 1994 | 24.8% | +6.2% |
| 1995 | 26.4% | +6.8% |
| 1996 | 26.7% | +1.2% |
| 1997 | 27.8% | +3.8% |
| 1998 | 27.5% | -0.8% |
| 1999 | 28.2% | +2.2% |
| 2000 | 30.0% | +6.6% |
| 2001 | 27.7% | -7.8% |
| 2002 | 26.8% | -3.1% |
| 2003 | 26.7% | -0.7% |
| 2004 | 28.4% | +6.4% |
| 2005 | 29.4% | +3.7% |
| 2006 | 30.5% | +3.7% |
| 2007 | 31.3% | +2.6% |
| 2008 | 33.0% | +5.6% |
| 2009 | 27.6% | -16.3% |
| 2010 | 31.0% | +12.0% |
| 2011 | 33.6% | +8.4% |
| 2012 | 33.4% | -0.4% |
| 2013 | 32.7% | -2.1% |
| 2014 | 32.9% | +0.5% |
| 2015 | 31.0% | -5.7% |
| 2016 | 29.8% | -3.9% |
| 2017 | 30.4% | +2.0% |
| 2018 | 30.8% | +1.4% |
| 2019 | 29.7% | -3.6% |
| 2020 | 26.4% | -11.1% |
| 2021 | 28.4% | +7.6% |
| 2022 | 30.3% | +6.8% |
| 2023 | 28.5% | -6.1% |
| 2024 | 28.5% | -0.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 17.2% | 13.3% | 21.3% | 10 |
| 1980s | 20.9% | 19.2% | 22.9% | 10 |
| 1990s | 25.2% | 22.3% | 28.2% | 10 |
| 2000s | 29.1% | 26.7% | 33.0% | 10 |
| 2010s | 31.5% | 29.7% | 33.6% | 10 |
| 2020s | 28.4% | 26.4% | 30.3% | 5 |
Countries ranked near North America
- 40 Somalia 128.1% compare
- 41 Czechia 128.0% compare
- 42 Cuba 124.9% compare
- 43 American Samoa 124.7% compare
- 44 Brunei Darussalam 123.6% compare
- 45 Fiji 119.0% compare
- 46 Antigua and Barbuda 118.3% compare
More economy & growth data for North America
- Gross capital formation 21.6% (2024)
- Gross fixed capital formation 3.3% (2024)
- Gross fixed capital formation 21.5% (2024)
- Gross capital formation 6.84 trillion current US$ (2024)
- Gross capital formation 5.52 trillion constant 2015 US$ (2024)
- Gross capital formation 3.2% (2024)
- Imports of goods and services 5.0% (2024)
- External balance on goods and services -2.8% (2024)
- Imports of goods and services 15.4% (2024)
- Gross fixed capital formation 5.42 trillion constant 2015 US$ (2024)
Frequently asked questions
- What is trade in North America?
- Trade in North America was 28.5% in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest trade recorded in North America?
- The highest recorded value was 33.6% in 2011.
- What is the lowest trade recorded in North America?
- The lowest recorded value was 13.3% in 1971.
- How does North America rank for trade?
- North America ranks 43rd out of 43 groups with data for 2024.
- Is trade rising or falling in North America?
- Over the last ten years it is down 13.4%. The long-run trend across the full record is rising.
- Where does this North America 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.
Download this data
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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.