Trade balance, percent of GDP - Country rankings
* indicates monthly or quarterly data series
Trade balance as percent of GDP, 2023:
The average for 2023 based on 137 countries was -3.03 percent. The highest value was in Macao: 43.36 percent and the lowest value was in Kiribati: -85.09 percent. The indicator is available from 1960 to 2023. Below is a chart for all countries where data are available.Measure: percent; Source: The World Bank
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* indicates monthly or quarterly data series
Countries | Trade balance, percent of GDP, 2023 | Global rank | Available data |
---|---|---|---|
Macao | 43.36 | 1 | 1982 - 2023 |
Gabon | 39.25 | 2 | 1960 - 2023 |
Singapore | 37.36 | 3 | 1960 - 2023 |
Ireland | 33.52 | 4 | 1970 - 2023 |
Cambodia | 32.76 | 5 | 1993 - 2023 |
Luxembourg | 30.84 | 6 | 1970 - 2023 |
Libya | 27.33 | 7 | 1990 - 2023 |
Malta | 19.42 | 8 | 1970 - 2023 |
R. of Congo | 17.58 | 9 | 1960 - 2023 |
Brunei | 16.51 | 10 | 1974 - 2023 |
Norway | 14.71 | 11 | 1970 - 2023 |
Azerbaijan | 14.47 | 12 | 1990 - 2023 |
Angola | 13.21 | 13 | 2002 - 2023 |
Switzerland | 12.44 | 14 | 1970 - 2023 |
Netherlands | 11.11 | 15 | 1969 - 2023 |
Denmark | 9.57 | 16 | 1966 - 2023 |
Guinea | 9.36 | 17 | 1986 - 2023 |
Turkmenistan | 9.28 | 18 | 1991 - 2023 |
Mongolia | 8.79 | 19 | 1981 - 2023 |
Eq. Guinea | 8.49 | 20 | 2005 - 2023 |
Saudi Arabia | 7.37 | 21 | 1968 - 2023 |
Slovenia | 6.67 | 22 | 1990 - 2023 |
Puerto Rico | 6.12 | 23 | 1971 - 2023 |
Poland | 6.09 | 24 | 1995 - 2023 |
Australia | 5.36 | 25 | 1960 - 2023 |
Hungary | 5.11 | 26 | 1991 - 2023 |
Czechia | 5.1 | 27 | 1990 - 2023 |
Malaysia | 4.99 | 28 | 1960 - 2023 |
Sweden | 4.4 | 29 | 1960 - 2023 |
Russia | 4.34 | 30 | 1989 - 2023 |
Costa Rica | 4.29 | 31 | 1960 - 2023 |
Germany | 4.16 | 32 | 1970 - 2023 |
Algeria | 4.14 | 33 | 1960 - 2023 |
Spain | 4.12 | 34 | 1970 - 2023 |
Lithuania | 3.84 | 35 | 1995 - 2023 |
Israel | 3.73 | 36 | 1970 - 2023 |
Peru | 3.27 | 37 | 1960 - 2023 |
Uruguay | 3.26 | 38 | 1960 - 2023 |
Bulgaria | 3.17 | 39 | 1980 - 2023 |
Austria | 2.84 | 40 | 1970 - 2023 |
Brazil | 2.37 | 41 | 1960 - 2023 |
Indonesia | 2.18 | 42 | 1960 - 2023 |
China | 2.17 | 43 | 1960 - 2023 |
Paraguay | 2.11 | 44 | 1962 - 2023 |
Thailand | 1.74 | 45 | 1960 - 2023 |
Iran | 1.73 | 46 | 1960 - 2023 |
Zambia | 1.67 | 47 | 1994 - 2023 |
Italy | 1.38 | 48 | 1970 - 2023 |
Slovakia | 1.33 | 49 | 1990 - 2023 |
Chile | 1.31 | 50 | 1960 - 2023 |
Hong Kong | 0.84 | 51 | 1961 - 2023 |
Portugal | 0.83 | 52 | 1970 - 2023 |
Belize | 0.76 | 53 | 1980 - 2023 |
Belarus | 0.64 | 54 | 1990 - 2023 |
Estonia | 0.6 | 55 | 1993 - 2023 |
South Africa | 0.32 | 56 | 1960 - 2023 |
Ecuador | 0.28 | 57 | 1960 - 2023 |
Sudan | 0.12 | 58 | 1960 - 2023 |
South Korea | 0.05 | 59 | 1960 - 2023 |
Iceland | -0.05 | 60 | 1970 - 2023 |
Canada | -0.39 | 61 | 1961 - 2023 |
Finland | -0.42 | 62 | 1970 - 2023 |
Armenia | -0.68 | 63 | 1990 - 2023 |
Cyprus | -0.92 | 64 | 1975 - 2023 |
Belgium | -0.93 | 65 | 1970 - 2023 |
Ghana | -0.96 | 66 | 1960 - 2023 |
Argentina | -1.13 | 67 | 1960 - 2023 |
UK | -1.24 | 68 | 1970 - 2023 |
Sri Lanka | -1.49 | 69 | 1960 - 2023 |
Mexico | -1.72 | 70 | 1960 - 2023 |
Croatia | -1.87 | 71 | 1995 - 2023 |
Mauritius | -1.93 | 72 | 1976 - 2023 |
Cameroon | -2 | 73 | 1965 - 2023 |
India | -2.07 | 74 | 1960 - 2023 |
Tanzania | -2.16 | 75 | 1990 - 2023 |
France | -2.22 | 76 | 1960 - 2023 |
Egypt | -2.24 | 77 | 1960 - 2023 |
Turkey | -2.43 | 78 | 1960 - 2023 |
DR Congo | -2.77 | 79 | 1994 - 2023 |
Bahamas | -3.21 | 80 | 1977 - 2023 |
Ivory Coast | -3.75 | 81 | 1960 - 2023 |
Latvia | -3.85 | 82 | 1995 - 2023 |
Botswana | -4.05 | 83 | 1960 - 2023 |
Bolivia | -4.29 | 84 | 1960 - 2023 |
Djibouti | -4.49 | 85 | 2013 - 2023 |
Serbia | -4.5 | 86 | 1995 - 2023 |
Chad | -4.57 | 87 | 1960 - 2023 |
Bangladesh | -4.67 | 88 | 1960 - 2023 |
Romania | -4.78 | 89 | 1990 - 2023 |
Greece | -4.93 | 90 | 1960 - 2023 |
Colombia | -4.96 | 91 | 1960 - 2023 |
Albania | -5.29 | 92 | 1980 - 2023 |
Madagascar | -6.53 | 93 | 1960 - 2023 |
Tunisia | -6.98 | 94 | 1965 - 2023 |
Burkina Faso | -7.1 | 95 | 1960 - 2023 |
Pakistan | -7.33 | 96 | 1960 - 2023 |
Domin. Rep. | -7.34 | 97 | 1960 - 2023 |
Ethiopia | -7.4 | 98 | 2011 - 2023 |
Georgia | -7.54 | 99 | 1987 - 2023 |
Mauritania | -7.99 | 100 | 1961 - 2023 |
Morocco | -8.3 | 101 | 1960 - 2023 |
Kenya | -8.74 | 102 | 1960 - 2023 |
Benin | -8.96 | 103 | 1960 - 2023 |
Mali | -9.59 | 104 | 1967 - 2023 |
G.-Bissau | -10.34 | 105 | 1970 - 2023 |
Uganda | -10.45 | 106 | 1960 - 2023 |
Fiji | -10.61 | 107 | 1980 - 2023 |
Seychelles | -11.17 | 108 | 1976 - 2023 |
Bosnia & Herz. | -12.77 | 109 | 1994 - 2023 |
Niger | -12.77 | 110 | 1960 - 2023 |
Nicaragua | -13.27 | 111 | 1960 - 2023 |
North Macedonia | -13.51 | 112 | 1990 - 2023 |
Togo | -13.62 | 113 | 1963 - 2023 |
Philippines | -14.09 | 114 | 1981 - 2023 |
Cape Verde | -14.42 | 115 | 1980 - 2023 |
C.A. Republic | -14.6 | 116 | 1960 - 2023 |
Rwanda | -15.14 | 117 | 1960 - 2023 |
Guatemala | -15.75 | 118 | 1960 - 2023 |
Senegal | -18.32 | 119 | 1960 - 2023 |
Montenegro | -18.62 | 120 | 2000 - 2023 |
El Salvador | -18.67 | 121 | 1965 - 2023 |
Uzbekistan | -19 | 122 | 1997 - 2023 |
Burundi | -19.07 | 123 | 1960 - 2023 |
Haiti | -20.24 | 124 | 1988 - 2023 |
Ukraine | -20.93 | 125 | 1989 - 2023 |
Comoros | -22.03 | 126 | 1980 - 2023 |
Namibia | -22.79 | 127 | 1980 - 2023 |
Honduras | -23.93 | 128 | 1960 - 2023 |
Moldova | -24.05 | 129 | 1995 - 2023 |
Sierra Leone | -26.81 | 130 | 1964 - 2023 |
Nepal | -27.73 | 131 | 1965 - 2023 |
Gambia | -29.7 | 132 | 1966 - 2023 |
Samoa | -33.29 | 133 | 2002 - 2023 |
Micronesia | -40.19 | 134 | 1983 - 2023 |
Palestine | -47.27 | 135 | 1994 - 2023 |
Somalia | -58.79 | 136 | 1960 - 2023 |
Kiribati | -85.09 | 137 | 1972 - 2023 |
Definition: External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously nonfactor services).
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All articles
43.36
39.25
37.36
33.52
32.76
30.84
27.33
19.42
17.58
16.51
14.71
14.47
13.21
12.44
11.11
9.57
9.36
9.28
8.79
8.49
7.37
6.67
6.12
6.09
5.36
5.11
5.10
4.99
4.40
4.34
4.29
4.16
4.14
4.12
3.84
3.73
3.27
3.26
3.17
2.84
2.37
2.18
2.17
2.11
1.74
1.73
1.67
1.38
1.33
1.31
0.84
0.83
0.76
0.64
0.60
0.32
0.28
0.12
0.05
-0.05
-0.39
-0.42
-0.68
-0.92
-0.93
-0.96
-1.13
-1.24
-1.49
-1.72
-1.87
-1.93
-2.00
-2.07
-2.16
-2.22
-2.24
-2.43
-2.77
-3.21
-3.75
-3.85
-4.05
-4.29
-4.49
-4.50
-4.57
-4.67
-4.78
-4.93
-4.96
-5.29
-6.53
-6.98
-7.10
-7.33
-7.34
-7.40
-7.54
-7.99
-8.30
-8.74
-8.96
-9.59
-10.34
-10.45
-10.61
-11.17
-12.77
-12.77
-13.27
-13.51
-13.62
-14.09
-14.42
-14.60
-15.14
-15.75
-18.32
-18.62
-18.67
-19.00
-19.07
-20.24
-20.93
-22.03
-22.79
-23.93
-24.05
-26.81
-27.73
-29.70
-33.29
-40.19
-47.27
-58.79
-85.09
-85.09
-53
-20.9
11.2
43.36
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