# **Merchandise trade (% of GDP)**
The **"Merchandise trade (% of GDP)"** is an economic indicator that measures the total value of a country's merchandise trade, which includes both **exports and imports of goods**, as a percentage of its **Gross Domestic Product (GDP)**.
This indicator provides insight into the degree of a country's **openness to international trade** relative to the size of its economy.
- The chart shows the **"Merchandise trade (% of GDP)"** for the **United Kingdom** over a **23-year period** from **2000 to 2022**.