Current Affairs - Economy - Discussion

Discussion Forum : Economy - Latest Current Affairs (Q.No. 742)

2022-02-20 Economy

742.

The global trade (goods & services) recorded what percent increase in 2021, over the previous year 2020, as per the annual Global Trade Update 2022 released by UNCTAD?

13%

25%

28%

Answer: Option

Explanation:

The UN Conference on Trade and Development released its annual Global Trade Update 2022, which shows that the value of global trade, both in goods and services, reached a record level of $28.5 trillion in 2021. This is an increase of 25% compared to 2020 and 13% higher compared to 2019.