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World map by current account balance (% of GDP), 2023, according to World Bank [1]. This is the list of countries by current account balance, expressed in current U.S. dollars and as percentage of GDP, based on the data published by World Bank, United Nations Conference on Trade and Development and Organisation for Economic Co-operation and Development.
World map by trade as a share of GDP. [1] This is the list of countries by trade-to-GDP ratio, i.e. the sum of exports and imports of goods and services, divided by gross domestic product, expressed as a percentage, based on the data published by World Bank.
The UN World Bank cites the IMF as the source for their data on Current Account Balance, and so is not included separately on this page. The second list includes only countries for which the CIA World Factbook lists 2015 estimates for both Current Account Balance and GDP.
A trade deficit occurs when a country imports more than it exports -- and that's a good thing for a national economy. ... The richest country in the world has run a trade deficit every single year ...
This is a list of countries by net goods exports, also known as balance of trade, which is the difference between the monetary value of a nation's exports and imports over a certain time period. [1] The list includes sovereign states and self-governing dependent territories based upon the ISO standard ISO 3166-1 .
Economists had forecast the trade deficit would swell to $84.1 billion. Imports jumped 3.0% to a record $352.3 billion. Goods imports advanced 4.0% to $285.0 billion, the highest level since March ...
As the 2024 election season heats up, America’s $785 billion trade deficit will be a hot topic. But while it’s easy to blame the Trump or Biden administrations, the real culprit is the World ...
Other factors aside, the trade-to-GDP ratio tends to be low in countries with large economies and large populations such as Japan and the United States and to have a higher value in small economies. [2]: 63 [3] Singapore has the highest trade-to-GDP ratio of any country; between 2008 and 2011 it averaged about 400%.