- Expand/Collapse Globalisation in business statistics
- Expand/Collapse Globalisation in macroeconomic statistics
There are three economic globalisation indicators (EGIs) on international trade:
- Exports divided by GDP: Exports occur when goods or services are sold abroad. Exports make a positive contribution to the trade balance and to the GDP of a country. Exports are divided by GDP to make figures comparable across countries.
- Imports divided by GDP: Imports occur when goods or services are bought abroad. Imports make a negative contribution to the trade balance and to the GDP of a country. Imports are divided by GDP to make figures comparable across countries.
- Exports divided by imports: This ratio shows whether a country has more exports than imports or vice versa. In addition to giving information on trade balances (exports – imports) this indicator has the advantage of being comparable across countries.
Aggregates for EU and Euro-area include both intra and extra-EU trade.