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exports ↔ GDP

Relations (1)

related 2.00 — strongly supporting 3 facts

Exports are directly related to GDP as they are measured as a percentage of the total Gross Domestic Product, as evidenced by historical data showing U.S. exports as a share of GDP [1] and specific 2023 measurements for both exports [2] and imports [3] relative to the national economy.

Facts (3)

Sources
U.S. Trade and Tariffs: A Long-Term Perspective - UW-Stevens Point | blog.uwsp.edu University of Wisconsin-Stevens Point 3 facts
measurementPrior to 1970, U.S. exports of goods and services as a percentage of GDP were approximately 5% or less.
measurementIn 2023, U.S. exports of goods and services represented 11.0% of the Gross Domestic Product (GDP), having exceeded 10% since 2005.
measurementIn 2023, U.S. imports of goods and services represented 13.9% of the Gross Domestic Product (GDP), having exceeded 12% since 1997 and peaking at 17.4% in 2008.