International Trade (Exports) In Relation to Global GDP 1960-2021
20 October 2023•
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Global trade (merchandise exports) was only 9% of global GDP, back in 1960, while it has now reached one quarter of global GDP; this means that $1 out of every $4 spent in the world is spent somewhere along the global trade value chain. It’s not surprising when one contemplates the hyperconnected, globalized, and consumeristic world we live in today. Global trade acts as the superhighways connecting the world with goods from all around the world.
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