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Korea - Trade Openness 1961

Name: Korea Trade Openness 1961
Creator: World Bank
License: https://creativecommons.org/licenses/by/4.0/

Trade as % of GDP · World Bank

17.93% +3.37% from 1960 Global rank: 8th

Korea's trade openness was 17.93% in 1961, increased +3.37% from 14.55% in 1960. This was the 8th highest globally.

Global Ranking - 1961▾

Trade Openness by Country - 1961
Rank	Country	Value	YoY
1st	China	5.81%	-7.9%
2nd	India	10.26%	-9.2%
3rd	Türkiye	11.96%	108.9%
4th	Argentina	11.99%	-21.2%
5th	Brazil	12.89%	2.2%
6th	Benin	14.12%	-22.6%
7th	Niger	17.83%	22.9%
8th	Korea	17.93%	23.2%
9th	Mexico	19.03%	-5.7%
10th	Ecuador	19.11%	-4.0%
11th	Pakistan	20.23%	-0.8%
12th	Burkina Faso	21.22%	2.5%
13th	Rwanda	21.31%	-5.4%
14th	Bangladesh	22.48%	16.5%
15th	Greece	22.99%	-3.6%
16th	Indonesia	24.68%	2.4%
17th	Guatemala	25.45%	-6.4%
18th	Chile	26.28%	-6.8%
19th	Colombia	26.82%	-11.9%
20th	Australia	27.34%	1.4%
21st	Sudan	27.67%	0.4%
22nd	France	27.91%	-1.9%
23rd	Uruguay	28.98%	-10.6%
24th	Iran, Islamic Republic of	29.60%	-5.3%
25th	Mauritania	30.05%	-
26th	Senegal	31.01%	28.7%
27th	Chad	32.47%	6.7%
28th	Madagascar	34.11%	28.0%
29th	Thailand	34.45%	2.6%
30th	Canada	35.81%	-
31st	Egypt, Arab Republic of	37.39%	-10.3%
32nd	Honduras	38.44%	5.7%
33rd	Somalia, Fed. Rep.	39.08%	30.9%
34th	Dominican Republic	39.60%	-10.8%
35th	Bolivia, Plurinational State of	39.74%	-1.0%
36th	Syrian Arab Republic	39.98%	-18.7%
37th	Sweden	40.07%	-5.2%
38th	Peru	43.01%	6.2%
39th	South Africa	43.75%	-6.6%
40th	Papua New Guinea	44.24%	-
41st	Costa Rica	45.92%	-2.8%
42nd	Uganda	46.06%	-6.3%
43rd	Morocco	46.53%	0.6%
44th	Nicaragua	47.96%	-3.7%
45th	Sri Lanka	56.02%	-10.9%
46th	Lesotho	58.04%	15.6%
47th	Central African Republic	62.25%	8.3%
48th	Ghana	62.58%	-1.7%
49th	Gabon	62.87%	-5.9%
50th	Côte d'Ivoire	63.40%	10.9%
51st	Kenya	63.85%	-1.4%
52nd	Botswana	69.74%	5.8%
53rd	Malaysia	90.05%	-2.5%
54th	Panama	100.85%	0.7%
55th	Congo, Republic of	103.12%	-2.8%
56th	Guyana	105.05%	-0.6%
57th	Algeria	113.75%	7.1%
58th	Hong Kong SAR, China	173.68%	-
59th	Singapore	299.40%	-11.8%

FAQ

What was Korea's trade openness in 1961?▾

Korea's trade openness in 1961 was 17.93%. This ranked 8th globally.

How did Korea's trade openness change in 1961?▾

Korea's trade openness increased by 23.2% in 1961 compared to 1960.

Which country had the highest trade openness in 1961?▾

Singapore had the highest trade openness in 1961 at 299.40%.

What is the trade openness of Korea in 1961?▾

The trade openness of Korea in 1961 was 17.93%. This ranked 8th globally.

How does 1961 compare to 1960 for Korea's trade openness?▾

Korea's trade openness went from 14.55% in 1960 to 17.93% in 1961, a 23.2% increase.

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