Australia Goods Trade: % of GDP

Australia Goods Trade: % of GDP data was reported at 36.264 % in 2024. This records a decrease from the previous number of 37.984 % for 2023. Australia Goods Trade: % of GDP data is updated yearly, averaging 26.575 % from Dec 1960 (Median) to 2024, with 65 observations. The data reached an all-time high of 42.573 % in 2022 and a record low of 22.044 % in 1972. Australia Goods Trade: % of GDP data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Australia – Table AU.World Bank.WDI: Trade Statistics. General merchandise trade includes goods whose economic ownership is changed between a resident and a non-resident and that are not included in the following specific categories: goods under merchanting, non-monetary gold, and parts of travel, construction, and government goods and services n.i.e. It is the total of merchandise exports plus merchandise imports. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.;World Trade Organization (WTO); World Bank GDP estimates, World Bank (WB); World Development Indicators, World Bank (WB);Weighted average;

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