Merchandise Trade (As % of GDP) rose to 41.1% in United Kingdom in 2017

Merchandise Trade (As % of GDP) (%)
Economy | United Kingdom | May 17, 2019
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Excel Sheet

Merchandise trade as a share of GDP reached 41.1 % in 2017 in United Kingdom, according to the National Statistical Office. This is 4.56 % more than in the previous year.

Historically, merchandise trade as a share of GDP in United Kingdom reached an all time high of 45.3 % in 1977 and an all time low of 29.0 % in 1967. When compared to United Kingdom's main peers, merchandise trade as a share of GDP in Belgium amounted to 170 %, 44.7 % in France, 70.7 % in Germany and 68.3 % in Ireland in 2017.

United Kingdom has been ranked 125th within the group of 168 countries we follow in terms of merchandise trade as a share of GDP, 29 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
Austria % 85.6% 84.3% 83.3% 81.5% 80.9%
Belgium % 179% 178% 177% 174% 169%
Canada % 51.2% 51.1% 50.7% 52.8% 54.1%
France % 46.0% 46.3% 44.9% 44.2% 44.2%
Germany % 72.6% 72.1% 70.0% 69.3% 70.3%
Iceland % 67.2% 66.8% 62.5% 58.7% 57.9%
Ireland % 80.8% 79.8% 79.0% 78.4% 68.8%
Italy % 47.5% 47.8% 46.8% 46.7% 47.4%
Luxembourg % 82.9% 81.8% 73.1% 69.2% 70.7%
Netherlands % 140% 148% 144% 142% 141%
Poland % 75.5% 76.8% 78.7% 81.4% 82.9%
Spain % 45.9% 47.3% 48.3% 49.6% 49.5%
United Kingdom % 44.9% 43.6% 43.6% 39.4% 37.5%