In 2019, global trade grew slower than GDP, with year-on-year growth rates of 1.4 and 2.4 percent respectively. It is forecasted that in 2020 the global GDP will grow by 2.5 percent compared to the previous year, while trade will grow by 1.9 percent over the previous year.
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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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World Bank. (January 8, 2020). Global growth in GDP and trade from 2007 to 2020 [Graph]. In Statista. Retrieved April 10, 2020, from https://www.statista.com/statistics/1032199/global-growth-gdp-trade/
World Bank. "Global growth in GDP and trade from 2007 to 2020." Chart. January 8, 2020. Statista. Accessed April 10, 2020. https://www.statista.com/statistics/1032199/global-growth-gdp-trade/
World Bank. (2020). Global growth in GDP and trade from 2007 to 2020. Statista. Statista Inc.. Accessed: April 10, 2020. https://www.statista.com/statistics/1032199/global-growth-gdp-trade/
World Bank. "Global Growth in Gdp and Trade from 2007 to 2020." Statista, Statista Inc., 8 Jan 2020, https://www.statista.com/statistics/1032199/global-growth-gdp-trade/
World Bank, Global growth in GDP and trade from 2007 to 2020 Statista, https://www.statista.com/statistics/1032199/global-growth-gdp-trade/ (last visited April 10, 2020)
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