A Measurement of Annual GDP Performance of the 162 WTO Members between 1989-2001 and 2002-2014
- World, Trade, Organization, Gross, Domestic, Product, Economics
How to Cite
The annual GDP performance mean between all 162 World Trade Organization countries was measured between two time periods: 1989-2001 and 2002 and 2014. The 10 best and worst performing nations were measured and analyzed against each other for each time period. The 10 nations with the largest positive and negative annual GDP mean performance shift was compiled and discussed. Discussion regarding the data, WTO membership, and external trade networks is included, and the article incorporates an analysis effective austerity measures, lack of diversification, and membership in trade and political organizations, which have led to both positive and negative outcomes in relation to annual GDP mean economic performance for WTO member nations over the two time periods measured. Analysis regarding the annual GDP mean performance concludes that the WTO has promoted world trade throughout the world, and this has directly resulted in an increase of annual GDP mean performance by 29% over the two time periods studied for WTO member nations.