Austria | 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
Republic of Austria
Records
63
Source
Austria | Exports of goods and services (current US$)
1960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970 4210936226.5149
1971 4828104967.5074
1972 5940800642.8954
1973 7945377046.8761
1974 10245142815.077
1975 11254488425.377
1976 12352078699.087
1977 14409079177.421
1978 18066572538.615
1979 22832410705.095
1980 26006990002.127
1981 23441765163.297
1982 22623842865.209
1983 21981186609.468
1984 22265892304.518
1985 24230778797.553
1986 31689309598.918
1987 38996595559.425
1988 44096573052.491
1989 46607267810.712
1990 59423124773.085
1991 60116254566.883
1992 64678675181.568
1993 59900881343.902
1994 65453950126.491
1995 80827705745.871
1996 81256732518.846
1997 78792186266.772
1998 83704902178.746
1999 85506764813.726
2000 85517701539.373
2001 88123586542.165
2002 97162437618.482
2003 116896445115.9
2004 141284763656.05
2005 153683280004.98
2006 170970396756.21
2007 204559320050.01
2008 230062733001.01
2009 181624745272.73
2010 201088694407.17
2011 232888437032.78
2012 220969210537.83
2013 229899623200.71
2014 236280892259.34
2015 202784894360.51
2016 207444081442.66
2017 225534464183.71
2018 252348201943.94
2019 247910305740.16
2020 224419959324.06
2021 268174561561.78
2022 292375700457.14

Austria | 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
Republic of Austria
Records
63
Source