What three factors will determine whether a nation has a higher or lower share of trade relative to its GDP?

The share of trade relative to GDP is a ratio that indicates a country's level of international trade compared to its overall economic output. Three factors that determine whether a nation has a higher or lower share of trade relative to its GDP are: 1. Size of the Economy: Smaller economies generally have a higher trade share, while larger economies can be more self-reliant and may have a lower share of trade relative to GDP. 2. Geographical Location: Countries situated close to major trade routes or near large regional trading partners may have higher trade shares, while remote or landlocked countries may have lower trade shares due to increased transportation costs and lesser access to global markets. 3. Economic Policies: National governments that promote free trade and investment create an environment where businesses can more easily participate in international trade, leading to a higher share of trade relative to GDP. In contrast, countries with protectionist policies may have a lower share of trade relative to GDP.