{"id":1204733,"name":"Trade (% of GDP)","unit":"% of GDP","createdAt":"2026-03-01T08:23:54.000Z","updatedAt":"2026-05-12T18:49:49.000Z","coverage":"","timespan":"1960-2024","datasetId":7396,"shortUnit":"%","columnOrder":0,"shortName":"ne_trd_gnfs_zs","catalogPath":"grapher/worldbank_wdi/2026-02-27/wdi/wdi#ne_trd_gnfs_zs","descriptionShort":"Trade in goods and services as a share of GDP, shown as a percentage.","descriptionFromProducer":"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.\n\n### Aggregation method:\nWeighted average\n\n### Statistical concept and methodology:\nMethodology: National accounts are compiled in accordance with international standards: System of National Accounts, 2008 or 1993 versions. Specific information on how countries compile their national accounts can be found on the IMF website: https://dsbb.imf.org/\nStatistical concept(s): The conceptual elements of the SNA (System of National Accounts) measure what takes place in the economy, between which agents, and for what purpose. At the heart of the SNA is the production of goods and services. These may be used for consumption in the period to which the accounts relate or may be accumulated for use in a later period. In simple terms, the amount of value added generated by production represents GDP. The income corresponding to GDP is distributed to the various agents or groups of agents as income and it is the process of distributing and redistributing income that allows one agent to consume the goods and services produced by another agent or to acquire goods and services for later consumption. The way in which the SNA captures this pattern of economic flows is to identify the activities concerned by recognizing the institutional units in the economy and by specifying the structure of accounts capturing the transactions relevant to one stage or another of the process by which goods and services are produced and ultimately consumed.\n\n### Development relevance:\nThis indicator is related to the national accounts, which are critical for understanding and managing a country's economy. They provide a framework for the analysis of economic performance. National accounts are the basis for estimating the Gross Domestic Product (GDP) and Gross National Income (GNI), which are the most widely used indicator of economic performance. They are essential for government policymakers, providing the data needed to design and assess fiscal and monetary policies; and are also used by businesses and investors to assess the economic climate and make investment decisions. NAS enable comparison between economies, which is crucial for international trade, investment decisions, and economic competitiveness. More specifically, this indicator is related to the expenditure approach used to calculate GDP, which focuses on the total amount of spending on final goods and services within an economy over a specific period. Unlike the production approach, which looks at the supply side by summing the value of output produced by all sectors, the expenditure approach looks at the demand side by summing all expenditures. This demand-side analysis provides insights into the spending behaviors of different sectors, including households, businesses, the government, and foreign entities. Also, by breaking down expenditures into categories like consumption, investment, government spending, and net exports, it helps identify which components are driving or hindering economic growth. This approach can thus be used to assess the effectiveness of fiscal and monetary policies. Overall, the expenditure approach is crucial for understanding the dynamics of an economy, guiding policy decisions, and providing a comprehensive view of economic activity from the perspective of total spending.","type":"float","dataChecksum":"14058621909781707454","metadataChecksum":"6427457360461183190","datasetName":"World Development Indicators","updatePeriodDays":365,"datasetVersion":"2026-02-27","nonRedistributable":false,"display":{"unit":"% of GDP","shortUnit":"%"},"schemaVersion":2,"presentation":{"topicTagsLinks":["Trade & Globalization"]},"descriptionKey":["This indicator measures a country’s total trade (exports and imports) relative to the size of its economy.","Exports of goods and services represent the value of all goods and other market services provided to the rest of the world. Imports represent the value of all goods and other market services received from the rest of the world. In both cases, they include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services."],"dimensions":{"years":{"values":[{"id":2020},{"id":2021},{"id":2022},{"id":2023},{"id":1980},{"id":1981},{"id":1982},{"id":1983},{"id":1984},{"id":1985},{"id":1986},{"id":1987},{"id":1988},{"id":1989},{"id":1990},{"id":1991},{"id":1992},{"id":1993},{"id":1994},{"id":1995},{"id":1996},{"id":1997},{"id":1998},{"id":1999},{"id":2000},{"id":2001},{"id":2002},{"id":2003},{"id":2004},{"id":2005},{"id":2006},{"id":2007},{"id":2008},{"id":2009},{"id":2010},{"id":2011},{"id":2012},{"id":2013},{"id":2014},{"id":2015},{"id":2016},{"id":2017},{"id":2018},{"id":2019},{"id":2024},{"id":1960},{"id":1961},{"id":1962},{"id":1963},{"id":1964},{"id":1965},{"id":1966},{"id":1967},{"id":1968},{"id":1969},{"id":1970},{"id":1971},{"id":1972},{"id":1973},{"id":1974},{"id":1975},{"id":1976},{"id":1977},{"id":1978},{"id":1979}]},"entities":{"values":[{"id":15,"name":"Afghanistan","code":"AFG"},{"id":16,"name":"Albania","code":"ALB"},{"id":17,"name":"Algeria","code":"DZA"},{"id":246,"name":"American 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It includes over 1,500 indicators covering more than 200 countries and territories, with data spanning several decades.WDI serves as a vital resource for policymakers, researchers, businesses, and analysts seeking to understand global trends and make data-driven decisions. The database covers a wide range of topics, including economic growth, education, health, poverty, trade, energy, infrastructure, governance, and environmental sustainability.The indicators are sourced from reputable national and international agencies, ensuring high-quality, consistent, and comparable data. Users can access the database through interactive online tools, API services, and downloadable datasets, facilitating detailed analysis and visualization.WDI is also used for tracking progress on the Sustainable Development Goals (SDGs) and other global development initiatives. By providing accessible and reliable statistics, it helps to inform policy discussions and strategies globally.Whether for academic research, policy planning, or economic analysis, the World Development Indicators database is an essential tool for understanding and addressing global development challenges.","producer":"National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates","citationFull":"Country official statistics, National Statistical Organizations and/or Central Banks;\nNational Accounts data files, Organisation for Economic Co-operation and Development (OECD);\nStaff estimates, World Bank (WB). Indicator NE.TRD.GNFS.ZS (https://data.worldbank.org/indicator/NE.TRD.GNFS.ZS). World Development Indicators - World Bank (2026). Accessed on 2026-02-27.","versionProducer":"125","urlMain":"https://data.worldbank.org/indicator/NE.TRD.GNFS.ZS","urlDownload":"https://databankfiles.worldbank.org/public/ddpext_download/WDI_CSV.zip","dateAccessed":"2026-02-27","datePublished":"2026-01-28","license":{"url":"https://datacatalog.worldbank.org/search/dataset/0037712/World-Development-Indicators","name":"CC BY 4.0"}}]}