Trade in Pacific island small states
Pacific island small states: Trade was 107.3% in 2024. ▼ Falling
Trade in Pacific island small states, 1980–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in % of GDP.
Analysis
In 2024, trade in Pacific island small states stood at 107.3%.
Compared with earlier readings it is down 2.3% on the previous year and up 1.8% over ten years.
Over the whole period, trade in Pacific island small states peaked at 130.7% in 1989 and was at its lowest, 77.8%, in 2020.
That places Pacific island small states 4th out of 43 groups with data for 2024, putting it in the top 10%.
The long-run direction has been consistently falling across the 45 years of available data.
Trade in Pacific island small states, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1980 | 105.2% | — |
| 1981 | 105.2% | +0.0% |
| 1982 | 100.9% | -4.1% |
| 1983 | 104.4% | +3.5% |
| 1984 | 102.2% | -2.2% |
| 1985 | 101.7% | -0.5% |
| 1986 | 97.3% | -4.3% |
| 1987 | 104.7% | +7.6% |
| 1988 | 120.4% | +14.9% |
| 1989 | 130.7% | +8.5% |
| 1990 | 129.3% | -1.0% |
| 1991 | 123.0% | -4.9% |
| 1992 | 111.3% | -9.5% |
| 1993 | 115.3% | +3.7% |
| 1994 | 112.2% | -2.7% |
| 1995 | 107.7% | -4.0% |
| 1996 | 109.9% | +2.1% |
| 1997 | 109.5% | -0.4% |
| 1998 | 106.1% | -3.1% |
| 1999 | 104.8% | -1.3% |
| 2000 | 110.2% | +5.2% |
| 2001 | 105.6% | -4.2% |
| 2002 | 102.9% | -2.5% |
| 2003 | 104.6% | +1.6% |
| 2004 | 103.7% | -0.8% |
| 2005 | 102.9% | -0.8% |
| 2006 | 101.4% | -1.5% |
| 2007 | 99.8% | -1.6% |
| 2008 | 112.9% | +13.2% |
| 2009 | 100.0% | -11.4% |
| 2010 | 108.5% | +8.4% |
| 2011 | 113.2% | +4.4% |
| 2012 | 114.4% | +1.0% |
| 2013 | 114.1% | -0.2% |
| 2014 | 105.5% | -7.6% |
| 2015 | 99.4% | -5.7% |
| 2016 | 96.0% | -3.5% |
| 2017 | 94.6% | -1.4% |
| 2018 | 98.1% | +3.7% |
| 2019 | 102.6% | +4.5% |
| 2020 | 77.8% | -24.1% |
| 2021 | 79.9% | +2.6% |
| 2022 | 100.6% | +26.0% |
| 2023 | 109.8% | +9.2% |
| 2024 | 107.3% | -2.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 107.3% | 97.3% | 130.7% | 10 |
| 1990s | 112.9% | 104.8% | 129.3% | 10 |
| 2000s | 104.4% | 99.8% | 112.9% | 10 |
| 2010s | 104.6% | 94.6% | 114.4% | 10 |
| 2020s | 95.1% | 77.8% | 109.8% | 5 |
Countries ranked near Pacific island small states
- 1 Hong Kong, China 396.6% compare
- 2 Luxembourg 349.9% compare
- 3 San Marino 341.0% compare
- 4 Singapore 320.3% compare
- 5 Ireland 240.0% compare
- 6 Malta 219.0% compare
- 7 Djibouti 206.3% compare
More economy & growth data for Pacific island small states
- Gross value added at basic prices (GVA) (constant 2015 US$), annual 3.69 % change on previous year (2024)
- Industry (including construction), value added 15.2% (2024)
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 0.8795 current US$ per US$ of GDP (2024)
- Services, value added 7.00 billion current US$ (2024)
- Services, value added 6.26 billion constant 2015 US$ (2024)
- Services, value added 56.8% (2024)
- Gross value added at basic prices (GVA) (current US$), per capita 3,983 current US$ per person (2024)
- GDP (current US$), annual growth rate 5.49 % change on previous year (2025)
- GDP (constant 2015 US$), annual growth rate 3.32 % change on previous year (2025)
- GDP (current US$), per capita 4,720 current US$ per person (2025)
Frequently asked questions
- What is trade in Pacific island small states?
- Trade in Pacific island small states was 107.3% in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest trade recorded in Pacific island small states?
- The highest recorded value was 130.7% in 1989.
- What is the lowest trade recorded in Pacific island small states?
- The lowest recorded value was 77.8% in 2020.
- How does Pacific island small states rank for trade?
- Pacific island small states ranks 4th out of 43 groups with data for 2024.
- Is trade rising or falling in Pacific island small states?
- Over the last ten years it is up 1.8%. The long-run trend across the full record is falling.
- Where does this Pacific island small states 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
CSV · JSON — 45 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.