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Trade in goods as a percent of GDP
(charts 4.5
and 5.7)
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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, Washington, D.C., 2006,
table 6.1.
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