What is a good trade-to-GDP ratio?
If you wish to actively manage your country exposures, our general recommendation is to invest 50% to 80% in a core allocation of broad-based multi-country funds.
What was the trade deficit in 2010?
In 2010, the U.S. trade deficit was $497.8 billion, which is up from $374.9 billion in 2009 but still almost 30 percent below the 2008 trade deficit of $698.8 billion. The 2010 trade balance comprised a trade in goods deficit of $646.5 billion and a trade in services surplus of $148.7 billion.
What percent of global GDP is trade?
Trade is the sum of exports and imports of goods and services measured as a share of gross domestic product. World trade to gdp ratio for 2019 was 58.24%, a 1.25% decline from 2018. World trade to gdp ratio for 2018 was 59.49%, a 1.65% increase from 2017.
What is the US trade-to-GDP ratio?
U.S. trade to gdp ratio for 2019 was 26.31%, a 1.18% decline from 2018. U.S. trade to gdp ratio for 2018 was 27.49%, a 0.35% increase from 2017. U.S. trade to gdp ratio for 2017 was 27.14%, a 0.65% increase from 2016. U.S. trade to gdp ratio for 2016 was 26.50%, a 1.24% decline from 2015.
Who has the highest trade-to-GDP ratio?
Singapore
Singapore has the highest trade-to-GDP ratio of any country; between 2008 and 2011 it averaged about 400%.
Does China have a higher trade-to-GDP ratio?
China trade to gdp ratio for 2017 was 37.63%, a 0.74% increase from 2016….China Trade to GDP Ratio 1960-2022.
| China Trade to GDP Ratio – Historical Data | ||
|---|---|---|
| Year | Trade (% of GDP) | Annual Change |
| 2019 | 35.84% | -1.62% |
| 2018 | 37.46% | -0.18% |
| 2017 | 37.63% | 0.74% |
Who had the largest trade deficit in 2009?
China
China, the European Union (EU), Canada, and Mexico, the four largest U.S. trading partners, together accounted for more than 70 percent of the U.S. trade deficit in the period 2008 to 2009.
What happened to the US trade deficit in 2008?
In 2008, the merchandise trade deficit increased by $24.2 billion (3 percent) to $920.7 billion. The trade deficit was affected substantially by the higher price of crude petroleum, which resulted in an increase in the value of U.S. imports of energy-related products.
What is the contribution of trade in GDP of India in the year 2010?
India Trade to GDP Ratio 1960-2022
| India Trade to GDP Ratio – Historical Data | ||
|---|---|---|
| Year | Trade (% of GDP) | Annual Change |
| 2011 | 55.62% | 6.37% |
| 2010 | 49.26% | 2.98% |
| 2009 | 46.27% | -7.10% |
What percent of US GDP is trade with China?
Examples of the benefits to the US economy from trade with China include: China purchased $165 billion in goods and services from the United States in 2015, representing 7.3 percent of all US exports and about 1 percent of total US economic output.
Who does US trade with the most?
U.S. trade with other nations is worth $4.9 trillion per year. China, Canada and Mexico are the country’s largest trading partners, accounting for nearly $1.9 trillion worth of imports and exports.
Which country is most dependent on trade?
The U.S. is highly dependent—perhaps unsurprisingly—on Canada and Mexico for trade. The country’s top trading partner is Mexico, making up 14.8% of total trade. However, the country’s neighbors to the north and south are not the only trade partners that U.S. states rely heavily upon.