Merchandise trade (% of GDP) - Oceania

Definition: Merchandise trade as a share of GDP is the sum of merchandise exports and imports divided by the value of GDP, all in current U.S. dollars.

Description: The map below shows how Merchandise trade (% of GDP) varies by country in Oceania. The shade of the country corresponds to the magnitude of the indicator. The darker the shade, the higher the value. The country with the highest value in the region is Nauru, with a value of 89.86. The country with the lowest value in the region is Australia, with a value of 34.77.

Source: World Trade Organization, and World Bank GDP estimates.

See also: Country ranking, Time series comparison

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Aggregation method: Weighted average

Periodicity: Annual