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Nations With Less Trade Freedom Have Large Trade Deficits

Created on October 7, 2011

Nations With Less Trade Freedom Have Large Trade Deficits

Trade Surplus or Deficit as Percentage of GDP, by Trade Freedom Score Group

Chart 6 • B 2614

heritage.org

Sources: Heritage Foundation calculations from the 2012 Index of Economic Freedom (forthcoming January 2012) and The World Bank, “External balance on goods and services (% of GDP),” at http://data.worldbank.org/indicator/NE.RSB.GNFS.ZS (September 12, 2011). Figures based on data for 168 countries.