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Upper middle income Trade volume % GDP 2026: Interactive Chart & Historical Data

Trade volume % GDP in Upper middle income stood at 38.53% in 2020, according to World Bank. The latest value is down 0.58 percentage points from 39.11% in 2019. Ten years earlier, in 2010, the value was 46.85% (down 8.32 percentage points since). The highest value since 1990 was 55.31% in 2006, the lowest 29.4% in 1990.

Data source: World Bank · Unit: % · Category: Macroeconomics · Explore more indicators on EconDash

Data updated:Last checked:Frequency:AnnualCoverage:1960–2025
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What is Trade volume % GDP?

Trade volume % GDP, measured in %, measures the total economic output of Upper 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 Upper 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.

Key facts

What is the latest Trade volume % GDP in Upper middle income?

Trade volume % GDP in Upper middle income stood at 38.53% in 2020, according to World Bank.

Is Trade volume % GDP in Upper middle income rising or falling?

The latest value is down 0.58 percentage points from 39.11% in 2019. Ten years earlier, in 2010, the value was 46.85% (down 8.32 percentage points since).

What is the highest Trade volume % GDP on record in Upper middle income?

The highest value since 1990 was 55.31% in 2006, the lowest 29.4% in 1990.

Metadata for Trade volume % GDP in Upper middle income
IndicatorTrade volume % GDP
CountryUpper middle income
CategoryMacroeconomics
Unit%
SourceWorld Bank
Interactive chartView on EconDash
API accessEconDash API documentation

Latest value: 38.53% (2020)

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Source:World Bank — series TG.VAL.TOTL.GD.ZS
License:CC BY 4.0
Cite this chart
APA

World Bank. (2026). Trade volume % GDP — Upper middle income [Data set]. Retrieved November 8, 2026, from EconDash: https://econdash.org/chart/trade-volume-percent-gdp/UMC. Original source: https://data.worldbank.org/indicator/TG.VAL.TOTL.GD.ZS

MLA

World Bank. "Trade volume % GDP — Upper middle income." EconDash, 2026, https://econdash.org/chart/trade-volume-percent-gdp/UMC. Accessed 8 Nov. 2026. Original source: https://data.worldbank.org/indicator/TG.VAL.TOTL.GD.ZS.

Chicago

World Bank. 2026. "Trade volume % GDP — Upper middle income." EconDash. Accessed November 8, 2026. https://econdash.org/chart/trade-volume-percent-gdp/UMC. Original source: https://data.worldbank.org/indicator/TG.VAL.TOTL.GD.ZS.

BibTeX
@misc{econdash_trade_volume_percent_gdp_umc,
  author = {{World Bank}},
  title = {{Trade volume \% GDP --- Upper middle income}},
  howpublished = {EconDash},
  year = {2026},
  url = {https://econdash.org/chart/trade-volume-percent-gdp/UMC},
  note = {Accessed: 2026-11-08. Original source: https://data.worldbank.org/indicator/TG.VAL.TOTL.GD.ZS}
}