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Field Detail
Theme Population and Development
Code PD-ECD-1.5
Sub-theme Economic Development
Name Trade Balance/GDP ratio (Trade Balance/GDP in current prices)
Calculation/Formula [Total exports - Total imports] /GDP current (market)
Unit of Measure Ratio
Purpose/Rationale Trade balance helps monitor the ability of a country to gauge its ability to pay for imports for its given level of exports [If we were to hold other factors constant then with the trade balance improving labour force participation rate would improve].
Policy Linkages Pacific Plan
Preferred Data Sources Annual Trade Statistics (National Customs/ Statistics Offices' Trade statistics reports).
Primary Data Collection System National Administrative Records - National accounts, government budgets and plans
Economic Tag GDP/Trade
Frequency of Data Collection Annual
SPC Responsibility - Data Management SDP
SPC Programme SDP
Numerator Total exports - Total imports
Component 1 Total imports ($)
Component 2 Total exports ($)
Denominator GDP (current prices)
Unit $