Trade volume % GDP in Lower middle income stood at 36.79% in 2020, according to World Bank. The latest value is down 3.44 percentage points from 40.24% in 2019. Ten years earlier, in 2010, the value was 43.65% (down 6.86 percentage points since). The highest value since 1990 was 53.85% in 2008, the lowest 29.86% in 1990.
Data source: World Bank · Unit: % · Category: Macroeconomics · Explore more indicators on EconDash
Trade volume % GDP, measured in %, measures the total economic output of Lower middle income. It represents the broadest indicator of economic activity, capturing production, income, and expenditure across all sectors — from manufacturing and services to agriculture and government. GDP can be calculated three ways: by adding up all expenditures (consumption + investment + government spending + net exports), by summing all incomes earned, or by totaling value added at each production stage. In Lower middle income, the statistical agency compiles GDP data through comprehensive surveys of businesses, government records, and household expenditure patterns. While GDP per capita provides insight into average living standards, it does not capture income distribution, environmental costs, or unpaid work like caregiving. Nevertheless, GDP growth remains the most widely followed metric for assessing whether an economy is expanding or contracting.
Trade volume % GDP in Lower middle income stood at 36.79% in 2020, according to World Bank.
The latest value is down 3.44 percentage points from 40.24% in 2019. Ten years earlier, in 2010, the value was 43.65% (down 6.86 percentage points since).
The highest value since 1990 was 53.85% in 2008, the lowest 29.86% in 1990.
| Indicator | Trade volume % GDP |
|---|---|
| Country | Lower middle income |
| Category | Macroeconomics |
| Unit | % |
| Source | World Bank |
| Interactive chart | View on EconDash |
| API access | EconDash API documentation |
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World Bank. (2026). Trade volume % GDP — Lower middle income [Data set]. Retrieved November 13, 2026, from EconDash: https://econdash.org/chart/trade-volume-percent-gdp/LMC. Original source: https://data.worldbank.org/indicator/TG.VAL.TOTL.GD.ZS
World Bank. "Trade volume % GDP — Lower middle income." EconDash, 2026, https://econdash.org/chart/trade-volume-percent-gdp/LMC. Accessed 13 Nov. 2026. Original source: https://data.worldbank.org/indicator/TG.VAL.TOTL.GD.ZS.
World Bank. 2026. "Trade volume % GDP — Lower middle income." EconDash. Accessed November 13, 2026. https://econdash.org/chart/trade-volume-percent-gdp/LMC. Original source: https://data.worldbank.org/indicator/TG.VAL.TOTL.GD.ZS.
@misc{econdash_trade_volume_percent_gdp_lmc,
author = {{World Bank}},
title = {{Trade volume \% GDP --- Lower middle income}},
howpublished = {EconDash},
year = {2026},
url = {https://econdash.org/chart/trade-volume-percent-gdp/LMC},
note = {Accessed: 2026-11-13. Original source: https://data.worldbank.org/indicator/TG.VAL.TOTL.GD.ZS}
}Browse indicators available for Lower middle income. Click any indicator to view its interactive chart, compare with other countries, and download historical data.
| Demographics | 3 indicators |
|---|---|
| Macroeconomics | 4 indicators |
| Education | 3 indicators |
| Commodities and Energy | 2 indicators |
| Technology and Internet | 3 indicators |
| Transport and Logistics | 1 indicators |
| Labor and Employment | 1 indicators |
| Total indicators | 17 |