The Extraordinary Growth of International Trade
20 December 2022•
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Trade has seen tremendous growth and now accounts for a quarter of Global GDP. The Global GDP was US$ 96.1 trillion in 2021, a considerable 13% growth from US$ 84.9 trillion in 2020 and just a shade under 5% CAGR from 2019, when pre-pandemic global GDP was US$ 87.7 trillion. Given that Covid19 impacted GDP in 2020, which contracted 3% from 2019, there is clear indication that 2020 was a blip year in the larger picture. Growth in international trade has played a significant role in helping the world recover to pre-pandemic levels.
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We are a team of passionate Researchers, Data Junkies, and Story-Tellers that believe there is not enough quality business insights and compelling data analysis available in the marketplace, told in the formats users want. We want to give an insider's look into the industries, businesses and economies that are changing the world today, so our users can become inspired, empowered and equipped to run their businesses as best they can.
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