In 2022, Malta led the Mediterranean countries in trade as a percentage of GDP. Malta’s trade reached 325% of GDP, surpassing Cyprus, the second most open economy in the region, by 142 percentage points. Despite remaining at the bottom for trade as a percentage of GDP, Egypt experienced a 7.1 percentage point increase over the last year, reflecting a noticeable rise in trade openness.
Note: Analysis produced by Alma Economics based on the most recent data from the World Bank database. Values are shown for 2022 as a percentage of GDP and include trade for goods and services. Libya, Lebanon, the State of Palestine, and Syria are excluded due to missing data for 2022.
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