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Change in GDP and trade volume globally 2007-2023

Published by M. Szmigiera, Jan 26, 2022
In 2020, both the global trade volume and the growth in GDP decreased, with annual growth rates of -8.2 and -3.4 percent respectively. It is forecasted that in 2022 the global GDP will increase by 4.1 percent compared to the previous year, while trade will increase by 5.8 percent.

Growth in GDP and trade volume worldwide from 2007 to 2023

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Release date

January 2022

Region

Worldwide

Survey time period

2007 to 2020

Supplementary notes

* Estimate.
** Forecast.
Trade is the average of export and import volumes. Aggregate growth rates calculated using GDP weights at 2010 prices and market exchange rates.
GDP values prior to 2010 and trade values prior to 2018 taken from the previous reports.

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