Australia | Exports of goods and services (% of GDP)
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. 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
Create chart Download showed records Download Full dataset
Australia | Exports of goods and services (% of GDP)
12.9717691 1960
12.38192785 1961
13.91949629 1962
12.98356905 1963
14.91223942 1964
13.19794766 1965
12.91116397 1966
12.86192561 1967
12.2770379 1968
11.9347846 1969
12.95488416 1970
12.63994848 1971
12.80445372 1972
14.13087114 1973
13.12912097 1974
14.25864852 1975
13.50122378 1976
14.00060289 1977
13.60676959 1978
14.28872178 1979
16.41235551 1980
14.8873049 1981
13.51893868 1982
13.57305767 1983
13.55727563 1984
15.22240387 1985
14.9727639 1986
15.45784399 1987
15.95331698 1988
15.11777883 1989
15.11508667 1990
16.02880663 1991
16.65859461 1992
17.53991819 1993
17.97235813 1994
17.87066952 1995
18.8901429 1996
19.12748242 1997
19.55756568 1998
18.29474419 1999
19.39022808 2000
22.1523264 2001
20.72666126 2002
19.05721273 2003
17.16246822 2004
18.22437279 2005
19.85353922 2006
20.18350393 2007
20.14887732 2008
23.01098506 2009
19.79536654 2010
21.43578653 2011
21.49139289 2012
19.9741129 2013
21.08233132 2014
20.05812647 2015
19.26222591 2016
21.22852508 2017
21.8535582 2018
24.11178836 2019
23.96737274 2020
21.97681939 2021
25.42712413 2022
Australia | Exports of goods and services (% of GDP)
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. 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
Create chart Download showed records Download Full dataset