I don't really know, but if you hit 'details' in the top right of the chart on this [link](https://data.worldbank.org/indicator/NE.TRD.GNFS.ZS), it shows the whole methodology.

![](https://m.stacker.news/135067)

Those percentages seem really high. Which GDP is the denominator and which imports+exports are the numerator?

Undisciplined

SatoshiSharp

After decades of growth for world trade, global tourism and international cooperation, globalization has hit a series of roadblocks in recent years, as the reemergence of nationalism and protectionism has undone some of the progress made in the past. After global trade growth stagnated in the wake of the financial crisis and during the first Trump administration, when trade tensions between the United States and China first came to the boil, the Covid-19 pandemic resulted in a steep decline in global trade, which, measured as a share of global GDP, dropped to its lowest level since 2003 in 2020.

charts_and_maps

econ

> After decades of growth for world trade, global tourism and international cooperation, globalization has hit a series of roadblocks in recent years, as the reemergence of nationalism and protectionism has undone some of the progress made in the past. After global trade growth stagnated in the wake of the financial crisis and during the first Trump administration, when trade tensions between the United States and China first came to the boil, the Covid-19 pandemic resulted in a steep decline in global trade, which, measured as a share of global GDP, dropped to its lowest level since 2003 in 2020.
>
> \[...]
>
> ![](https://m.stacker.news/135064)
>
> [**🔗 statista.com**](https://www.statista.com/chart/21821/global-trade-volume-as-a-percentage-of-gdp/)