Trade volume % GDP in Europe & Central Asia (IDA & IBRD countries) stood at 47.76% in 2025, according to World Bank. The latest value is down 4.58 percentage points from 52.33% in 2024. Ten years earlier, in 2015, the value was 51.68% (down 3.93 percentage points since). The highest value since 1960 was 62.67% in 2021, the lowest 6.87% in 1969.
Data source: World Bank · Unit: % · Category: Macroeconomics · Explore more indicators on EconDash
Trade volume % GDP, measured in %, measures the total economic output of Europe & Central Asia (IDA & IBRD countries). 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 Europe & Central Asia (IDA & IBRD countries), 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 Europe & Central Asia (IDA & IBRD countries) stood at 47.76% in 2025, according to World Bank.
The latest value is down 4.58 percentage points from 52.33% in 2024. Ten years earlier, in 2015, the value was 51.68% (down 3.93 percentage points since).
The highest value since 1960 was 62.67% in 2021, the lowest 6.87% in 1969.
| Indicator | Trade volume % GDP |
|---|---|
| Country | Europe & Central Asia (IDA & IBRD countries) |
| 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 — Europe & Central Asia (IDA & IBRD countries) [Data set]. Retrieved November 13, 2026, from EconDash: https://econdash.org/chart/trade-volume-percent-gdp/TEC. Original source: https://data.worldbank.org/indicator/TG.VAL.TOTL.GD.ZS
World Bank. "Trade volume % GDP — Europe & Central Asia (IDA & IBRD countries)." EconDash, 2026, https://econdash.org/chart/trade-volume-percent-gdp/TEC. Accessed 13 Nov. 2026. Original source: https://data.worldbank.org/indicator/TG.VAL.TOTL.GD.ZS.
World Bank. 2026. "Trade volume % GDP — Europe & Central Asia (IDA & IBRD countries)." EconDash. Accessed November 13, 2026. https://econdash.org/chart/trade-volume-percent-gdp/TEC. Original source: https://data.worldbank.org/indicator/TG.VAL.TOTL.GD.ZS.
@misc{econdash_trade_volume_percent_gdp_tec,
author = {{World Bank}},
title = {{Trade volume \% GDP --- Europe \& Central Asia (IDA \& IBRD countries)}},
howpublished = {EconDash},
year = {2026},
url = {https://econdash.org/chart/trade-volume-percent-gdp/TEC},
note = {Accessed: 2026-11-13. Original source: https://data.worldbank.org/indicator/TG.VAL.TOTL.GD.ZS}
}Browse indicators available for Europe & Central Asia (IDA & IBRD countries). Click any indicator to view its interactive chart, compare with other countries, and download historical data.
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