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Global growth in GDP and trade 2007-2021

In 2019, global trade grew slower than GDP, with year-on-year growth rates of 0.8 and 2.4 percent respectively. It is forecasted that in 2020 the global GDP will decrease by 5.2 percent compared to the previous year, while trade will decrease by 13.4 percent over the previous year. This decrease is due to the effects of the coronavirus pandemic.

Global growth in GDP and trade from 2007 to 2021

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Source

Release date

June 2020

Region

Worldwide

Survey time period

2007 to 2019

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 2017 taken from the June 2019 report.

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Statistics on "Global economic indicators"

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