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

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