* indicates monthly or quarterly data series

Trade balance as percent of GDP, 2022:

The average for 2022 based on 149 countries was -4.42 percent. The highest value was in Gabon: 44.78 percent and the lowest value was in Kiribati: -86.65 percent. The indicator is available from 1960 to 2022. 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, 2022 Global rank Available data
Gabon 44.78 1 1960 - 2022
Ireland 39.91 2 1970 - 2022
Qatar 36.9 3 1994 - 2022
Singapore 36.24 4 1960 - 2022
Luxembourg 34.04 5 1970 - 2022
Azerbaijan 33.03 6 1990 - 2022
R. of Congo 29.46 7 1960 - 2022
Norway 28.38 8 1970 - 2022
Bermuda 26.37 9 2010 - 2022
Brunei 25.8 10 1974 - 2022
Angola 18.68 11 2002 - 2022
Saudi Arabia 16.93 12 1968 - 2022
Eq. Guinea 16.07 13 2005 - 2022
Kazakhstan 15.45 14 1992 - 2022
Switzerland 13.7 15 1980 - 2022
Cambodia 13.48 16 1960 - 2022
Malta 12.84 17 1970 - 2022
Russia 12.6 18 1989 - 2022
Algeria 11.63 19 1960 - 2022
Chad 11.61 20 1960 - 2022
Denmark 11.1 21 1966 - 2022
Zambia 11.09 22 1994 - 2022
Netherlands 10.79 23 1969 - 2022
Puerto Rico 7.3 24 1971 - 2022
Malaysia 7.24 25 1960 - 2022
Belarus 5.83 26 1990 - 2022
Aruba 5.79 27 1995 - 2022
Australia 5.72 28 1960 - 2022
Uruguay 5.45 29 1960 - 2022
Hong Kong 3.93 30 1961 - 2022
Indonesia 3.59 31 1960 - 2022
China 3.21 32 1960 - 2022
Sweden 3.15 33 1960 - 2022
Israel 2.95 34 1995 - 2022
Slovenia 2.27 35 1995 - 2022
Vietnam 2.24 36 1986 - 2022
Iran 2.03 37 1960 - 2022
South Africa 2.02 38 1960 - 2022
Germany 1.97 39 1970 - 2022
Botswana 1.47 40 1960 - 2022
Costa Rica 1.47 41 1960 - 2022
Poland 1.44 42 1995 - 2022
Spain 1.21 43 1970 - 2022
Czechia 0.98 44 1990 - 2022
Argentina 0.95 45 1960 - 2022
Brazil 0.75 46 1960 - 2022
Ecuador 0.65 47 1960 - 2022
Austria 0.48 48 1970 - 2022
Sudan 0.44 49 1960 - 2022
Cyprus 0.32 50 1975 - 2022
Peru 0.22 51 1960 - 2022
Bulgaria 0.21 52 1980 - 2022
Canada 0.13 53 1961 - 2022
South Korea 0.01 54 1960 - 2022
Faroe Isl. -0.12 55 1962 - 2022
Iceland -0.4 56 1970 - 2022
Estonia -0.56 57 1995 - 2022
Ghana -0.79 58 1960 - 2022
Armenia -0.98 59 1990 - 2022
Burkina Faso -1.35 60 1960 - 2022
Italy -1.52 61 1970 - 2022
Belgium -1.63 62 1970 - 2022
Lithuania -2.01 63 1995 - 2022
Djibouti -2.19 64 2013 - 2022
Thailand -2.32 65 1960 - 2022
Finland -2.39 66 1970 - 2022
Portugal -2.41 67 1970 - 2022
Bolivia -2.53 68 1960 - 2022
Ivory Coast -2.65 69 1960 - 2022
UK -2.67 70 1970 - 2022
Cameroon -2.7 71 1965 - 2022
DR Congo -2.77 72 1994 - 2022
Mexico -2.83 73 1960 - 2022
Belize -3.2 74 1980 - 2022
Macao -3.37 75 1982 - 2022
Sri Lanka -3.55 76 1960 - 2022
India -3.66 77 1960 - 2022
Chile -3.68 78 1960 - 2022
Japan -3.76 79 1970 - 2022
Swaziland -3.76 80 1960 - 2022
USA -3.82 81 1970 - 2022
France -3.88 82 1960 - 2022
Turkey -4 83 1960 - 2022
Tanzania -4.18 84 1990 - 2022
Hungary -4.31 85 1991 - 2022
Latvia -4.53 86 1995 - 2022
Paraguay -4.9 87 1962 - 2022
Bahamas -5.14 88 1977 - 2022
New Zealand -5.32 89 1971 - 2022
Slovakia -5.39 90 1990 - 2022
Mauritania -5.66 91 1961 - 2022
Mauritius -6.11 92 1976 - 2022
Croatia -6.19 93 1995 - 2022
Mongolia -6.21 94 1981 - 2022
Egypt -6.81 95 1960 - 2022
Romania -6.87 96 1990 - 2022
Colombia -7.2 97 1960 - 2022
Benin -7.63 98 1960 - 2022
Bangladesh -8.02 99 1960 - 2022
Barbados -8.09 100 1975 - 2022
Ant.& Barb. -8.25 101 2014 - 2022
Madagascar -8.86 102 1960 - 2022
Zimbabwe -9.05 103 1975 - 2022
Kenya -9.3 104 1960 - 2022
Greece -9.72 105 1960 - 2022
Georgia -9.82 106 1987 - 2022
Togo -9.9 107 1960 - 2022
Ethiopia -10.08 108 2011 - 2022
Domin. Rep. -10.11 109 1960 - 2022
Seychelles -10.16 110 1976 - 2022
Albania -10.36 111 1980 - 2022
Uganda -10.46 112 1960 - 2022
Mali -10.7 113 1967 - 2022
Serbia -10.97 114 1995 - 2022
Morocco -11.5 115 1960 - 2022
Pakistan -11.96 116 1960 - 2022
Tunisia -12.01 117 1965 - 2022
Bosnia & Herz. -13.79 118 1994 - 2022
Nicaragua -15.62 119 1960 - 2022
Philippines -15.65 120 1981 - 2022
Cape Verde -15.75 121 1980 - 2022
Rwanda -16.19 122 1960 - 2022
Guatemala -16.64 123 1960 - 2022
Ukraine -16.79 124 1989 - 2022
Uzbekistan -17.04 125 1997 - 2022
Niger -17.85 126 1960 - 2022
Namibia -18.3 127 1980 - 2022
Burundi -18.37 128 1960 - 2022
Guinea -20.14 129 1986 - 2022
C.A. Republic -20.63 130 1960 - 2022
North Macedonia -21.03 131 1990 - 2022
Fiji -21.11 132 1980 - 2022
Haiti -22.05 133 1988 - 2022
Comoros -22.35 134 1980 - 2022
Montenegro -22.83 135 2000 - 2022
Sierra Leone -24.34 136 1964 - 2022
El Salvador -24.44 137 1965 - 2022
Senegal -25.96 138 1960 - 2022
Gambia -26.2 139 1966 - 2022
Honduras -27.24 140 1960 - 2022
Moldova -28.25 141 1995 - 2022
Nepal -35.88 142 1965 - 2022
Vanuatu -38.88 143 1980 - 2022
Samoa -40.45 144 2002 - 2022
Micronesia -44.1 145 1983 - 2022
Palestine -48.82 146 1994 - 2022
Lesotho -52.51 147 1960 - 2022
Somalia -61.21 148 1960 - 2022
Kiribati -86.65 149 1972 - 2022



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:

International lending and sovereign debt

Are trade deficits bad for the economy?

The unholy trinity of international finance

All articles

44.78
39.91
36.90
36.24
34.04
33.03
29.46
28.38
26.37
25.80
18.68
16.93
16.07
15.45
13.70
13.48
12.84
12.60
11.63
11.61
11.10
11.09
10.79
7.30
7.24
5.83
5.79
5.72
5.45
3.93
3.59
3.21
3.15
2.95
2.27
2.24
2.03
2.02
1.97
1.47
1.47
1.44
1.21
0.98
0.95
0.75
0.65
0.48
0.44
0.32
0.22
0.21
0.13
0.01
-0.12
-0.40
-0.56
-0.79
-0.98
-1.35
-1.52
-1.63
-2.01
-2.19
-2.32
-2.39
-2.41
-2.53
-2.65
-2.67
-2.70
-2.77
-2.83
-3.20
-3.37
-3.55
-3.66
-3.68
-3.76
-3.76
-3.82
-3.88
-4.00
-4.18
-4.31
-4.53
-4.90
-5.14
-5.32
-5.39
-5.66
-6.11
-6.19
-6.21
-6.81
-6.87
-7.20
-7.63
-8.02
-8.09
-8.25
-8.86
-9.05
-9.30
-9.72
-9.82
-9.90
-10.08
-10.11
-10.16
-10.36
-10.46
-10.70
-10.97
-11.50
-11.96
-12.01
-13.79
-15.62
-15.65
-15.75
-16.19
-16.64
-16.79
-17.04
-17.85
-18.30
-18.37
-20.14
-20.63
-21.03
-21.11
-22.05
-22.35
-22.83
-24.34
-24.44
-25.96
-26.20
-27.24
-28.25
-35.88
-38.88
-40.45
-44.10
-48.82
-52.51
-61.21
-86.65
-86.65
-53.8
-20.9
11.9
44.78
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