* 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
Select indicator
* 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).

Selected articles from our guide:

The unholy trinity of international finance

Most commonly used measures of corruption

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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