macro · macro
Trade openness: trade, exports and imports as a share of GDP
The standard openness triplet from the World Bank Indicators API, annual, from 1970. Useful as the denominator layer under every trade question on the site.
Trade (% of GDP)
Definitions and method
Ratios computed by the World Bank from national accounts; trade equals the sum of exports and imports of goods and services divided by GDP.
| Indicator | Code | Unit |
|---|---|---|
| Exports of goods and services (% of GDP) | NE.EXP.GNFS.ZS | — |
| Imports of goods and services (% of GDP) | NE.IMP.GNFS.ZS | — |
| Trade (% of GDP) | NE.TRD.GNFS.ZS | — |