Is it possible for the country's value of trade/Gdp to exceed 100%? If possible why?
Yes, it is possible for a country's value of trade/GDP to exceed 100%. This can occur when a country's total exports are greater than its GDP.
For example, a country may have a high level of exports due to a strong export-oriented economy, favorable trade agreements, or high demand for its goods and services in foreign markets. In this case, the value of trade (exports) may exceed the country's GDP, resulting in a trade/GDP ratio of more than 100%.
Additionally, a country's trade/GDP ratio can exceed 100% if it has a large informal economy or significant trade in services, which may not be fully captured in the GDP calculation.
Overall, while a trade/GDP ratio exceeding 100% may be unusual, it is possible under certain circumstances.