U.S. Dollar Defends Role as Global Currency

By Katharina Buchholz – Statista

Looking at trade and transaction data for the U.S. dollar in the past ten years, the currency has so far defended the major role it plays in international markets. The U.S. share of global GDP stands at around one quarter while the country’s share in global trade in commodities and commercial services is lower, at around 11 percent. In this light, the U.S. dollar’s outsized role in global trade, reserves and currency exchange that extends far past its country of its origin becomes apparent. Due to the United States’ importance in global capital markets and international debt, the dollar continues to play a significant role internationally, Reuters reports.