Using Trade to Grow an Economy
Created on April 29, 2013
IMPORTS OF GOODS AND SERVICES AS A PERCENTAGE OF GDP
In 1982, the United States and China both had imports make up about 9.3 percent of their economies. As China cut tariffs, imports and economic growth both took off.
Source: The World Bank, “Imports of goods and services (% of GDP),” http://data.worldbank.org/indicator/NE.IMP.GNFS.ZS (accessed April 25, 2013).