World · Net Exports · % of GDP (GDP-weighted)

## What this measures

Exports minus imports of goods and services (the external balance) across World, as a percentage of the group's combined GDP, each year.

## Why it matters

It shows what a whole bloc runs on, weighted the way its economy is: the large members count for more, as they do in the bloc's actual spending.

## How to read it

Percent of the group's GDP. Group figures are GDP-weighted: each part is the group's total spending on it divided by the group's total GDP, both in current U.S. dollars, using today's members for every year. A year is shown only when members reporting every part make up at least 90% of the group's GDP; each reading carries that coverage. The same definition holds for every group, so groups can be compared.

## What it does not say

Membership is today's, applied backwards, so early years describe today's members, not the group as it then was. Exchange-rate swings move the weights. It is a share, not a size.

## Source

Palanor calculation from The World Bank, World Development Indicators, indicators NE.RSB.GNFS.ZS and NY.GDP.MKTP.CD (GDP, current US$). Licence CC BY 4.0; attribution: The World Bank, World Development Indicators. Group membership from Palanor's geography table. Synced monthly by /api/cron/gdp-composition-sync.