Figure 3-1 Global trade growth vs. global real GDP growth, 1980-2024
to global economic growth remains subdued. worldwide. The WTO-centered multilateral (UNCTAD) statistics, global trade in goods and services grew by 3.7% to approximately antee for global trade. Rising unilateralism and US$33.2 trillion in 2024, reversing the down- ward trend in 2023. The global trade volume rangements and supply chain networks, height- accounted for 30.0% of the global GDP in ening the uncertainties in global development. 2024, marking a slight increase from the 2023 level of 29.3%. However, trade's contribution At the same time, however, the growth of dig- to economic growth remains low. During the ital and green trade, along with the expansion of South-South trade, is adding new impetus1988-2007 period, the growth rate of global to global trade. Economic globalization is an trade was 1.9 times that of global real GDP growth. From 2011 to 2023, the growth rates of the times. All countries should work together to comparable. This pattern continued in 2024, ing system, promote global trade, and provide a sustained impetus for the world economy. Trade in goods, while remaining dominant, has slowed down, whereas trade in services and digital trade has grown rapidly, with trade in global economy and international trade growth. In 2024, trade in goods registered approximate-