STATISTICS

Evolution of trade under the WTO: handy statistics

Trade Growth(1)

  • World trade volume today is roughly 40 times the level recorded in the early days of the GATT (4100% growth from 1950 to 2020).
  • World trade values today have ballooned by almost 300 (274) times from 1950 levels.
  • Volume and value graphs below show trade picking up steeply since the establishment of the WTO in 1995.
  • As of 2020, world trade volume and value have expanded 4% and 5% respectively on average since 1995, when the WTO was first established.
  • The world's current MFN applied tariffs stand at an average of 9%.


Footnotes

  1. Trade is calculated as average of exports and imports, and excludes significant re-exports or imports for re-exports Back to text

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