United States | Merchandise trade (% of GDP)

Created at

2024-08-29 06:59

Category

Economics

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 extent of a country's engagement in international trade relative to the size of its economy. The chart displays the "Merchandise trade (% of GDP)" for the United States over a 23-year period, from 2000 to 2022. The United States, being a large economy with substantial trade activity, typically has a lower merchandise trade-to-GDP ratio compared to smaller, more trade-dependent economies.