Appendix - Definitions, Sources, and Methods
Trade in goods as a percent of GDP is the sum of merchandise exports and imports divided by GDP, all of which are valued in current U.S. dollars. The value taken by the indicator does not give the share of GDP generated by imports and exports; rather, it indicates that the value of imports and exports is equivalent to the resulting percentage of GDP. GDP has been defined previously (see Gross Domestic Product section).
Source: World Bank, World Development Indicators Database, <http://www.worldbank.org>.
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