Countries

GRT 1914 (rounded) Rank in tons

GRT 1935 (rounded) Rank in tons

Result

England

(+Ireland & colonies)

20.5 m 45% 1^st

20.3 m 32% 1^st

% Losses; British blame the flags of convenience; & the decline of the trade with colonies

Germany

5.1 11% 2^nd

3.7 5.8% 5^th

Less tons & lower % due to Great War

USA + the lake fleet

4.3 9.5% 3^rd

12.1 19.0% 2^nd

+

Norway

2.0 4.4% 4^th

4.0 6.3% 4^th

+

France

1.9 4.2% 5^th

3.0 4.7% 6^th

+

Japan

1.7 3.7% 6^th

4.1 6.4% 3^rd

+good progress

Netherlands

1.5 3.3% 7^th

2.5 3.9% 8^th

+

Italy

1.4 3.1% 8^th

2.8 4.4% 7^th

+

Sweden

1.0 2.2% 9^th

1.5 2.4% 10^th

+

Spain

0.9 2.0% 10^th

1.2 1.9% 11^th

+in tons

Greece

0.8 1.8% 11^th

1.7 2.7% 9^th

+890,000 GRT

Denmark

0.8 1.8% 11^th

1.1 1.7% 12^th

+in tons

Rest

3.4 8%

5.7 8.8%

+

Total

~45 m 100%

~64 m 100% (*)

+42%