Global trade openness over time

By Agathe Demarais @AgatheDemarais

"A historical perspective on trade and globalisation... World's merchandise exports have grown from ~5% of global GDP in 1950s to 20-25% currently. Average tariffs rate has been declining for three decades almost everywhere; United States among only exceptions."

BOP - Global - World Bank - Trade - Trade as a Share of GDP

BOP - Global - World Bank - Trade - Mean Weighted Tariff Rate

GlobalBalance of Payments
Maia Mindel

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Maia Mindel

Macroeconomic analyst at Alphacast. Following inflation, activity, and trade.

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