Explore correlation between gross domestic product (GDP) and openness to trade (trade as percentage of gdp). You can also click on individual countries and observe the relationship between trade openness and gdp per capita across time.
“Openness to merchandise trade” is the value of merchandise trade (exports plus imports) as a percent of gross domestic product (GDP).GDP per capita is calculated using purchasing power parity (PPP) in constant 2011 dollars.The data in the chart that shows time-series for individual countries is portrayed as a three-year moving average. This means that, for example, the value at the 2009 mark is an average of the 2008-2010 data.
The data was extracted in December 2014.