* indicates monthly or quarterly data series

Trade balance as percent of GDP, 2020 - Country rankings:

The average for 2020 based on 164 countries was -5.23 percent.The highest value was in Luxembourg: 33.09 percent and the lowest value was in Somalia: -66.62 percent. The indicator is available from 1960 to 2021. 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, 2020 Global rank Available data
Luxembourg 33.09 1 1970 - 2021
Singapore 31.71 2 1960 - 2021
Bermuda 27.51 3 2010 - 2021
Gabon 24.98 4 1960 - 2021
UA Emirates 24.62 5 2001 - 2020
San Marino 24.05 6 2015 - 2020
Ireland 22.27 7 1970 - 2021
Angola 18.96 8 2000 - 2021
Guinea 17.77 9 1986 - 2021
Zambia 14.25 10 1994 - 2021
Malta 12.64 11 1970 - 2021
Netherlands 10.41 12 1969 - 2021
Lithuania 9.29 13 1995 - 2021
Slovenia 9.23 14 1995 - 2021
Switzerland 8.79 15 1980 - 2021
Djibouti 8.43 16 2013 - 2020
Qatar 8.22 17 1994 - 2020
Oman 7.44 18 1967 - 2020
Czechia 6.83 19 1990 - 2021
Poland 6.79 20 1995 - 2021
Denmark 6.45 21 1966 - 2021
Malaysia 6.44 22 1960 - 2021
Germany 5.73 23 1970 - 2021
Bahrain 5.62 24 1980 - 2020
Thailand 5.32 25 1960 - 2021
Panama 5.14 26 1960 - 2020
Russia 5.1 27 1989 - 2021
Israel 4.65 28 1995 - 2021
Sweden 4.64 29 1960 - 2021
Chile 4.56 30 1960 - 2021
South Africa 4.43 31 1960 - 2021
Brunei 4.42 32 1974 - 2021
Uruguay 4.35 33 1960 - 2021
Kazakhstan 4.23 34 1992 - 2020
Paraguay 4.12 35 1962 - 2021
Australia 3.93 36 1960 - 2021
Euro area 3.71 37 1970 - 2021
South Korea 3.68 38 1960 - 2021
Italy 3.66 39 1970 - 2021
Belarus 3.09 40 1990 - 2021
Argentina 3.04 41 1960 - 2021
Costa Rica 2.97 42 1960 - 2021
Ghana 2.93 43 1960 - 2021
Austria 2.87 44 1970 - 2021
Swaziland 2.72 45 1960 - 2020
China 2.49 46 1960 - 2021
Mongolia 2.48 47 1981 - 2021
Ecuador 2.34 48 1960 - 2021
Macao 2.3 49 1982 - 2021
Burma 2.2 50 2010 - 2021
Hungary 2.08 51 1991 - 2021
Mexico 2.05 52 1960 - 2021
Hong Kong 1.92 53 1961 - 2021
Indonesia 1.57 54 1960 - 2021
Bulgaria 1.47 55 1980 - 2021
Spain 1.47 56 1970 - 2021
Belgium 1.41 57 1970 - 2021
Peru 1.23 58 1960 - 2021
Latvia 1.17 59 1995 - 2021
Ivory Coast 1.09 60 1960 - 2021
Slovakia 0.93 61 1990 - 2021
Brazil 0.7 62 1960 - 2021
Estonia 0.48 63 1995 - 2021
UK 0.3 64 1970 - 2021
Saudi Arabia 0.29 65 1968 - 2021
Finland 0.24 66 1970 - 2021
Sudan 0.09 67 1960 - 2021
Japan -0.24 68 1970 - 2020
India -0.39 69 1960 - 2021
New Zealand -0.39 70 1971 - 2020
Iceland -0.75 71 1970 - 2021
Azerbaijan -0.77 72 1990 - 2021
Norway -0.84 73 1970 - 2021
Tanzania -1.01 74 1990 - 2021
DR Congo -1.28 75 1994 - 2021
Faroe Isl. -1.38 76 1998 - 2020
Cambodia -1.42 77 1960 - 2021
Ukraine -1.51 78 1989 - 2021
Zimbabwe -1.6 79 1975 - 2020
France -2.02 80 1960 - 2021
Canada -2.06 81 1961 - 2021
Portugal -2.11 82 1970 - 2021
Iraq -2.21 83 1970 - 2020
Eq. Guinea -2.45 84 2005 - 2021
Cyprus -2.52 85 1975 - 2021
USA -3.12 86 1970 - 2020
Cameroon -3.19 87 1965 - 2021
Turkey -3.81 88 1960 - 2021
Ant.& Barb. -4.12 89 1993 - 2020
Romania -4.34 90 1990 - 2021
Iran -4.78 91 1960 - 2020
Bolivia -4.96 92 1960 - 2021
Nicaragua -5.03 93 1960 - 2021
Benin -5.09 94 1960 - 2020
Bangladesh -5.39 95 1960 - 2021
Mali -5.68 96 1967 - 2021
Uganda -6.17 97 1960 - 2021
Sri Lanka -6.43 98 1960 - 2021
Croatia -6.76 99 1995 - 2021
Colombia -6.92 100 1960 - 2021
Barbados -7.03 101 1975 - 2020
Egypt -7.55 102 1960 - 2021
Greece -7.61 103 1960 - 2021
Morocco -7.63 104 1960 - 2021
Domin. Rep. -7.7 105 1960 - 2021
Philippines -7.76 106 1981 - 2021
Kenya -7.95 107 1960 - 2021
Guatemala -8.05 108 1960 - 2021
Madagascar -8.08 109 1960 - 2021
Pakistan -8.12 110 1960 - 2021
Solomon Isl. -8.25 111 1980 - 2020
Serbia -8.28 112 1995 - 2021
Tunisia -8.32 113 1965 - 2021
Bahamas -8.88 114 1977 - 2021
Namibia -9.23 115 1980 - 2021
Togo -9.45 116 1960 - 2021
Ethiopia -9.75 117 2011 - 2021
Algeria -9.84 118 1960 - 2021
Armenia -9.96 119 1990 - 2021
Mauritania -11.51 120 1961 - 2020
Belize -11.96 121 1980 - 2021
North Macedonia -12.96 122 1990 - 2021
Uzbekistan -13.45 123 1997 - 2021
Bosnia & Herz. -13.96 124 1994 - 2021
Albania -14.54 125 1980 - 2021
G.-Bissau -14.86 126 1970 - 2020
Botswana -15.11 127 1960 - 2020
Chad -15.3 128 1960 - 2021
Honduras -15.43 129 1960 - 2021
Niger -15.6 130 1960 - 2021
Aruba -16.18 131 1995 - 2020
Fiji -16.21 132 1980 - 2021
Rwanda -16.52 133 1960 - 2021
Bhutan -16.66 134 1980 - 2020
Jamaica -17.41 135 1960 - 2021
Burundi -17.67 136 1960 - 2021
Jordan -18.26 137 1976 - 2021
El Salvador -18.37 138 1965 - 2021
Senegal -18.67 139 1960 - 2021
Mauritius -18.7 140 1976 - 2021
Maldives -18.94 141 1980 - 2020
C.A. Republic -19.18 142 1960 - 2021
Georgia -19.29 143 1987 - 2021
Samoa -19.47 144 2002 - 2021
Kyrgyzstan -20.86 145 1990 - 2021
Tajikistan -21.1 146 1993 - 2020
Sierra Leone -21.38 147 1964 - 2020
Haiti -22.11 148 1988 - 2021
Comoros -22.46 149 1980 - 2021
Moldova -22.79 150 1995 - 2021
Seychelles -23.48 151 1976 - 2021
Vanuatu -26.19 152 1980 - 2020
Nepal -27.31 153 1965 - 2021
Gambia -29.48 154 1966 - 2021
Lebanon -31.22 155 1989 - 2020
Cape Verde -34.99 156 1980 - 2021
Montenegro -35.01 157 2000 - 2021
Palestine -36.57 158 1994 - 2021
Yemen -38.36 159 2010 - 2020
Micronesia -42.35 160 1983 - 2021
Tonga -43.31 161 1975 - 2020
Mozambique -43.55 162 1991 - 2020
Lesotho -47.38 163 1960 - 2020
Somalia -66.62 164 1960 - 2021


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).
33.09
31.71
27.51
24.98
24.62
24.05
22.27
18.96
17.77
14.25
12.64
10.41
9.29
9.23
8.79
8.43
8.22
7.44
6.83
6.79
6.45
6.44
5.73
5.62
5.32
5.14
5.10
4.65
4.64
4.56
4.43
4.42
4.35
4.23
4.12
3.93
3.71
3.68
3.66
3.09
3.04
2.97
2.93
2.87
2.72
2.49
2.48
2.34
2.30
2.20
2.08
2.05
1.92
1.57
1.47
1.47
1.41
1.23
1.17
1.09
0.93
0.70
0.48
0.30
0.29
0.24
0.09
-0.24
-0.39
-0.39
-0.75
-0.77
-0.84
-1.01
-1.28
-1.38
-1.42
-1.51
-1.60
-2.02
-2.06
-2.11
-2.21
-2.45
-2.52
-3.12
-3.19
-3.81
-4.12
-4.34
-4.78
-4.96
-5.03
-5.09
-5.39
-5.68
-6.17
-6.43
-6.76
-6.92
-7.03
-7.55
-7.61
-7.63
-7.70
-7.76
-7.95
-8.05
-8.08
-8.12
-8.25
-8.28
-8.32
-8.88
-9.23
-9.45
-9.75
-9.84
-9.96
-11.51
-11.96
-12.96
-13.45
-13.96
-14.54
-14.86
-15.11
-15.30
-15.43
-15.60
-16.18
-16.21
-16.52
-16.66
-17.41
-17.67
-18.26
-18.37
-18.67
-18.70
-18.94
-19.18
-19.29
-19.47
-20.86
-21.10
-21.38
-22.11
-22.46
-22.79
-23.48
-26.19
-27.31
-29.48
-31.22
-34.99
-35.01
-36.57
-38.36
-42.35
-43.31
-43.55
-47.38
-66.62
-66.62
-41.7
-16.8
8.2
33.09
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