Total Trade
11/30/2020 |
World trade grew rapidly in the late 19th and early 20th centuries, and by 1913 trade was 13% of global GDP. It then collapsed to 5% by 1930, partly due to the rise of protectionism during the interwar years and stayed there until the mid-1940s. Tariffs then started falling and trade took off. By 1980, world trade once again hit 13% of global GDP. It is now 25%.