Latin America & Caribbean Trade to GDP Ratio 1960-2023

Trade is the sum of exports and imports of goods and services measured as a share of gross domestic product.
  • Latin America & Caribbean trade to gdp ratio for 2021 was 54.66%, a 7.35% increase from 2020.
  • Latin America & Caribbean trade to gdp ratio for 2020 was 47.31%, a 0.19% decline from 2019.
  • Latin America & Caribbean trade to gdp ratio for 2019 was 47.50%, a 0.63% decline from 2018.
  • Latin America & Caribbean trade to gdp ratio for 2018 was 48.13%, a 3.42% increase from 2017.
Data Source: World Bank

MLA Citation:
Similar Country Ranking
Country Name Trade (% of GDP)
European Union 92.83%
Euro Area 90.26%
World 56.54%
East Asia & Pacific 56.29%
OECD members 56.26%
Latin America & Caribbean 54.66%
Sub-Saharan Africa 45.91%
South Asia 42.30%
North America 28.56%
Latin America & Caribbean Trade to GDP Ratio - Historical Data
Year Trade (% of GDP) Annual Change
2021 54.66% 7.35%
2020 47.31% -0.19%
2019 47.50% -0.63%
2018 48.13% 3.42%
2017 44.72% 0.31%
2016 44.41% -0.11%
2015 44.52% 0.30%
2014 44.21% -0.99%
2013 45.20% -0.82%
2012 46.03% -0.40%
2011 46.42% 2.45%
2010 43.98% 2.63%
2009 41.34% -6.80%
2008 48.14% 1.74%
2007 46.40% 0.02%
2006 46.38% 0.63%
2005 45.75% -0.03%
2004 45.78% 2.25%
2003 43.53% 1.96%
2002 41.56% 2.33%
2001 39.24% 0.08%
2000 39.15% 1.81%
1999 37.34% 1.14%
1998 36.20% 0.02%
1997 36.18% 0.08%
1996 36.10% 0.92%
1995 35.18% 3.08%
1994 32.10% 0.47%
1993 31.63% -1.53%
1992 33.16% 0.73%
1991 32.44% -0.66%
1990 33.09% 0.73%
1989 32.36% -0.15%
1988 32.52% 3.15%
1987 29.37% 0.78%
1986 28.59% -1.05%
1985 29.65% -0.52%
1984 30.16% 0.73%
1983 29.43% 1.53%
1982 27.90% -1.41%
1981 29.32% -0.98%
1980 30.30% 1.21%
1979 29.09% 1.42%
1978 27.67% -0.41%
1977 28.08% 0.86%
1976 27.22% -0.41%
1975 27.63% -1.67%
1974 29.30% 4.49%
1973 24.80% 1.30%
1972 23.50% 0.75%
1971 22.76% 0.48%
1970 22.28% 1.23%
1969 21.05% 0.45%
1968 20.61% 0.86%
1967 19.75% -0.61%
1966 20.36% -0.04%
1965 20.40% 0.10%
1964 20.30% -2.88%
1963 23.18% 3.34%
1962 19.84% -1.21%
1961 21.05% -0.86%
1960 21.91% -0.86%