Australia | Exports of goods and services (current US$)

Exports of goods and services represent the value of all goods and other market services provided to the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. They exclude compensation of employees and investment income (formerly called factor services) and transfer payments. Data are in current U.S. dollars. Limitations and exceptions: Because policymakers have tended to focus on fostering the growth of output, and because data on production are easier to collect than data on spending, many countries generate their primary estimate of GDP using the production approach. Moreover, many countries do not estimate all the components of national expenditures but instead derive some of the main aggregates indirectly using GDP (based on the production approach) as the control total. Data on exports and imports are compiled from customs reports and balance of payments data. Although the data from the payments side provide reasonably reliable records of cross-border transactions, they may not adhere strictly to the appropriate definitions of valuation and timing used in the balance of payments or corresponds to the change-of ownership criterion. This issue has assumed greater significance with the increasing globalization of international business. Neither customs nor balance of payments data usually capture the illegal transactions that occur in many countries. Goods carried by travelers across borders in legal but unreported shuttle trade may further distort trade statistics. Statistical concept and methodology: Gross domestic product (GDP) from the expenditure side is made up of household final consumption expenditure, general government final consumption expenditure, gross capital formation (private and public investment in fixed assets, changes in inventories, and net acquisitions of valuables), and net exports (exports minus imports) of goods and services. Such expenditures are recorded in purchaser prices and include net taxes on products.
Publisher
The World Bank
Origin
Commonwealth of Australia
Records
63
Source
Australia | Exports of goods and services (current US$)
1960 2413600386.1761
1961 2437120389.9393
1962 2773120443.6993
1963 2796640447.4625
1964 3549280567.8849
1965 3428320548.5313
1966 3525760564.1217
1967 3915520626.4833
1968 4016320642.6113
1969 4378080700.4929
1970 5354720856.7553
1971 5715360914.4578
1972 6663551401.8692
1973 9019859064.7021
1974 11680176860.722
1975 13874095316.127
1976 14184298826.988
1977 15449644413.856
1978 16122883554.32
1979 19275247074.861
1980 24616155988.858
1981 26334610472.542
1982 26231932031.336
1983 24060337550.373
1984 26235903974.961
1985 27497313397.116
1986 27321628427.532
1987 29290629962.943
1988 37674402360.871
1989 45333960856.863
1990 47071479854.376
1991 52248569798.316
1992 54226800318.081
1993 54747048903.879
1994 58015219647.181
1995 65793733293.733
1996 75814054769.306
1997 83327463879.38
1998 78166587533.066
1999 71285875422.985
2000 80695888525.2
2001 84096722017.042
2002 82033782309.572
2003 89138031450.204
2004 105490823730.26
2005 126785667301.89
2006 148587374344.68
2007 172570464002.51
2008 212794797279.03
2009 213717313259.65
2010 227427026265.26
2011 299822629830.72
2012 332611506740.83
2013 315052050257.97
2014 309614630756.28
2015 271139524648.25
2016 232606961291.86
2017 281677500416.68
2018 312447679285.65
2019 336280198453.88
2020 318857503698.67
2021 342626032843.51
2022 430470188137.66

Australia | Exports of goods and services (current US$)

Exports of goods and services represent the value of all goods and other market services provided to the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. They exclude compensation of employees and investment income (formerly called factor services) and transfer payments. Data are in current U.S. dollars. Limitations and exceptions: Because policymakers have tended to focus on fostering the growth of output, and because data on production are easier to collect than data on spending, many countries generate their primary estimate of GDP using the production approach. Moreover, many countries do not estimate all the components of national expenditures but instead derive some of the main aggregates indirectly using GDP (based on the production approach) as the control total. Data on exports and imports are compiled from customs reports and balance of payments data. Although the data from the payments side provide reasonably reliable records of cross-border transactions, they may not adhere strictly to the appropriate definitions of valuation and timing used in the balance of payments or corresponds to the change-of ownership criterion. This issue has assumed greater significance with the increasing globalization of international business. Neither customs nor balance of payments data usually capture the illegal transactions that occur in many countries. Goods carried by travelers across borders in legal but unreported shuttle trade may further distort trade statistics. Statistical concept and methodology: Gross domestic product (GDP) from the expenditure side is made up of household final consumption expenditure, general government final consumption expenditure, gross capital formation (private and public investment in fixed assets, changes in inventories, and net acquisitions of valuables), and net exports (exports minus imports) of goods and services. Such expenditures are recorded in purchaser prices and include net taxes on products.
Publisher
The World Bank
Origin
Commonwealth of Australia
Records
63
Source