This is a list of countries by trade-to-GDP ratio, i.e. the sum of exports and imports of goods and services, divided by gross domestic product, expressed as a percentage, based on the data published by World Bank.
They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services.
They exclude compensation of employees and investment income (formerly called factor services) and transfer payments.
[1] The following table provides information on exports[2] and imports[3] of goods and services, based on the data published by World Bank, trade openness index, calculated as their sum, and the ratio between exports and imports.
They exclude compensation of employees and investment income (formerly called factor services) and transfer payments.