Merchandise Trade (As % of GDP) rose to 34.7% in Australia in 2017

Merchandise Trade (As % of GDP) (%)
Economy | Australia | May 17, 2019
$2.99
Excel Sheet

Merchandise trade as a share of GDP reached 34.7 % in 2017 in Australia, according to the National Statistical Office. This is 7.99 % more than in the previous year.

Historically, merchandise trade as a share of GDP in Australia reached an all time high of 37.0 % in 2011 and an all time low of 22.1 % in 1972. When compared to Australia's main peers, merchandise trade as a share of GDP in Indonesia amounted to 32.1 %, 131 % in Malaysia, 38.3 % in New Zealand and 63.4 % in Papua New Guinea in 2017.

Australia has been ranked 139th within the group of 168 countries we follow in terms of merchandise trade as a share of GDP, 11 places above the position seen 10 years ago.

Merchandise trade as a share of GDP is the sum of merchandise exports and imports divided by the value of GDP, all in current US dollars.

Merchandise Trade (As % of GDP) Unit 2009 2010 2011 2012 2013 2014 2015 2016 2017
Australia % 37.0% 33.5% 31.5% 32.6% 29.4%
Cambodia % 125% 137% 107% 105% 121%
Indonesia % 42.7% 41.6% 40.5% 39.8% 34.0%
Malaysia % 139% 135% 134% 131% 126%
New Zealand % 44.4% 42.9% 41.5% 41.9% 39.9%
Papua New Guinea % 62.2% 52.0% 53.4% 55.5% 53.3%
Philippines % 50.0% 47.0% 45.0% 46.0% 45.6%
Singapore % 281% 271% 257% 249% 212%
Thailand % 122% 120% 114% 112% 104%
Vietnam % 150% 147% 154% 160% 170%