Proof Point
Global trade progressed between 1991 and 2015, with exports of goods and services as share of GDP increasing from 19.5% in 1991 to 29.5% in 2015
Global Export of Goods and Services as Share of GDP
1991 – 2015 (percent)
Proof Point Findings
- Export of Goods and Services – Value of goods and services provided to rest of world as percentage of gross domestic product (GDP)
- Rise in Exports – Export share of global GDP rose from 19.5% in 1991 to 29.5% in 2015, helped by lower trade barriers pushed forward by international organizations, such as International Monetary Fund and World Bank
- Economic Recession – 2009 financial crisis caused export share as percent of GDP to plunge from 30.8% in 2008 to 26.6% in 2009
- Key Drivers – Include evolving international trade policies, lower trade barriers, recovering global economy, continuous expansion of emerging markets, improving manufacturing productivity, increasing ability of companies to offer products offshore, and prevalence of technology-enabled products
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Accelerator |
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Sector |
Food and Beverage, Industrial Manufacturing, Wholesale and Retail Trade
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Source |
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Date Last Updated |
June 15, 2017
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