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Merchandise Trade in Terms of Percent of GDP in Various Countries

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Get to Know the Merchandise Trade of the Countries in Percentage of the GDP
The Map Shows the Merchandise Trade of the Countries in Percentage of the GDP

 

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Merchandise trade can be defined as the cumulative value of the exports, as well as the imports, between a country and another. When the relative size of the Gross Domestic Product (GDP) is taken into account, the merchandise trade as the percentage of GDP reflects the trading strength of one economy with that of the world economy.

According to a World Bank data, in the year 2015, Hong Kong was the top most country with the highest merchandise trade percentage of GDP. According to the data, the figure in Hong Kong stood at 346. Coming at the second spot was the tiny nation of Singapore, which is an international commerce, finance and transport hub and reported a figure of 221.1 percent of the GDP. Nations which reported figures of 150 and upward were Slovakia, Belgium, Vietnam, Czech Republic and Hungary.

However, the leading economies of the world such as the United States, China and Germany reported figures of 21.1, 35.9 and 70.7 respectively. In fact, the United States, along with other countries like Sudan, Argentina, Nigeria and Brazil were just a few nations at the bottom level of the list. These countries reported figures in the range of 22 percent to 11 percent.

When broken down in regions, Central Europe and the Baltics reported the highest figure with the merchandise trade at 110.6 percent of the GDP. The European Union had a figure of 65 percent, while South Asia and North America reported figures of just 31.4 percent and 23.8 percent.

To get a clear picture of the merchandise trade in terms of GDP, refer to the table given below.

Country Name 2015 (Merchandise Trade % of GDP)
Hong Kong SAR, China 346.02
Singapore 221.10
Slovak Republic 170.85
Belgium 169.95
Vietnam 169.53
Czech Republic 161.29
Hungary 157.07
Cambodia 146.04
Congo, Rep. 144.94
Slovenia 144.14
Netherlands 143.02
United Arab Emirates 133.68
Lithuania 130.80
Malaysia 126.85
Estonia 122.07
Liberia 121.61
Lesotho 119.79
Bulgaria 109.54
Marshall Islands 105.89
Thailand 105.53
Belarus 104.36
Namibia 100.14
Seychelles 98.78
Latvia 97.64
Nicaragua 93.99
Fiji 93.55
Honduras 92.99
Moldova 90.64
Equatorial Guinea 89.33
Kyrgyz Republic 87.43
Bosnia and Herzegovina 87.08
Botswana 86.79
Belize 86.72
Malta 85.65
Bhutan 85.28
Serbia 84.84
Mozambique 84.34
Guyana 83.70
Micronesia, Fed. Sts. 82.55
Togo 82.04
Poland 81.93
Ukraine 81.86
Austria 81.59
Switzerland 80.76
Tunisia 79.73
Swaziland 75.97
Kuwait 75.96
Jordan 75.06
Romania 73.31
Zambia 72.86
Solomon Islands 72.61
Other small states 72.52
Mongolia 72.11
Suriname 72.03
Georgia 71.09
Brunei Darussalam 71.03
Germany 70.75
Oman 70.66
Luxembourg 70.47
Korea, Rep. 69.91
Small states 69.82
Qatar 69.42
Paraguay 68.84
Mexico 68.72
Euro area 68.58
Croatia 68.46
Kiribati 68.07
Palau 67.85
Ireland 67.60
Malawi 67.25
Bahrain 67.15
Mauritius 62.05
El Salvador 61.51
Maldives 61.42
Portugal 61.32
Denmark 61.27
Benin 61.03
Ghana 60.84
Turkmenistan 60.80
Vanuatu 60.58
Iceland 60.49
Guinea 60.33
Senegal 60.30
Montenegro 60.25
Timor-Leste 60.00
South Africa 59.22
Djibouti 59.17
Morocco 59.05
Trinidad and Tobago 58.49
Saudi Arabia 57.89
Panama 57.68
Gabon 56.84
Iraq 56.27
Sweden 55.99
Madagascar 55.76
Gambia, The 55.21
Albania 54.81
Tajikistan 54.75
Canada 54.49
Angola 54.42
Bolivia 54.13
Algeria 53.52
St. Lucia 52.96
Chile 52.49
Sierra Leone 52.28
Sao Tome and Principe 51.87
Finland 51.53
IDA blend 50.87
Samoa 50.81
Tonga 50.79
St. Vincent and the Grenadines 50.16
Lao PDR 50.12
Haiti 50.08
Dominica 49.69
Spain 49.30
Turkey 48.91
Barbados 47.90
Italy 47.65
Lebanon 47.62
IDA total 47.52
Norway 46.98
Chad 46.84
Zimbabwe 46.57
Costa Rica 46.41
Guinea-Bissau 46.11
Azerbaijan 45.05
Armenia 45.03
Burkina Faso 44.76
World 44.75
Mali 44.72
France 44.59
Guatemala 44.50
Jamaica 44.24
Antigua and Barbuda 44.07
Philippines 43.96
Israel 42.91
Niger 42.56
Kazakhstan 41.17
New Zealand 40.82
Uzbekistan 40.46
Russian Federation 40.15
Rwanda 39.88
Ecuador 39.78
Greece 39.54
Dominican Republic 39.13
Grenada 39.12
Cabo Verde 38.72
Peru 38.08
United Kingdom 38.01
Cyprus 37.81
Bahamas, The 37.27
Ethiopia 37.19
Yemen, Rep. 36.84
Bangladesh 36.83
Cameroon 36.67
St. Kitts and Nevis 36.51
China 35.95
Sri Lanka 35.86
Myanmar 34.94
Kenya 34.70
Tuvalu 34.58
Congo, Dem. Rep. 34.05
Indonesia 33.99
Nepal 33.50
Tanzania 33.33
Uruguay 32.12
India 31.46
Afghanistan 31.25
Japan 30.88
Colombia 30.73
Australia 29.64
Uganda 29.15
Burundi 27.95
Macao SAR, China 25.86
Egypt, Arab Rep. 25.42
Pakistan 24.50
United States 21.14
Brazil 20.84
Nigeria 20.04
Argentina 19.98
Sudan 11.91

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