The Largest Economy in the World
The trade-to-GDP ratio in China has returned to levels before the 21st century ...
From a peak of 64% in 2006, the trade-to-GDP ratio in China has decreased to an average of 33% between 2016 and 2024. This decline makes the ratio lower than all recorded levels from 2000 to 2016, effectively indicating a return to a significant reliance on trade at the end of the 20th century. This shift highlights a major transformation in China's economic structure, suggesting a move away from export-led growth.
This decline makes China the largest economy in the world.
