Benin | Exports of goods and services (constant 2015 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 constant 2015 prices, expressed in U.S. dollars. Development relevance: An economy's growth is measured by the change in the volume of its output or in the real incomes of its residents. The 2008 United Nations System of National Accounts (2008 SNA) offers three plausible indicators for calculating growth: the volume of gross domestic product (GDP), real gross domestic income, and real gross national income. The volume of GDP is the sum of value added, measured at constant prices, by households, government, and industries operating in the economy. GDP accounts for all domestic production, regardless of whether the income accrues to domestic or foreign institutions. 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 Benin
Records
63
Source
Benin | Exports of goods and services (constant 2015 US$)
1960 88037515.730164
1961 68934917.089884
1962 50663003.809308
1963 55646408.457852
1964 83054127.541037
1965 122924038.67851
1966 135382905.19136
1967 149502468.97111
1968 167774971.13212
1969 235051246.50644
1970 266612154.84718
1971 341362719.98451
1972 357312543.66387
1973 332269154.36606
1974 329212971.65492
1975 331375083.62659
1976 319523551.09787
1977 342107790.10322
1978 375198953.46612
1979 509883157.13075
1980 565183754.34756
1981 617134835.22909
1982 457270148.66671
1983 331709645.40991
1984 455111528.25315
1985 581031716.47681
1986 450940224.76167
1987 422877126.70962
1988 345895078.93333
1989 352656992.37929
1990 616946150.59991
1991 723640631.02925
1992 875446744.9919
1993 993600960.03596
1994 1017938919.9395
1995 1000047050.0119
1996 972220628.34913
1997 1064221203.9223
1998 1182195665.7572
1999 1345201302.5348
2000 1203033053.3496
2001 1260637055.8012
2002 1386999173.5585
2003 1411935281.6401
2004 1338386379.1939
2005 1472663485.6363
2006 1468317539.1525
2007 1868212358.2279
2008 2056764575.277
2009 1956709506.1675
2010 2050588298.4671
2011 1851462005.6321
2012 2297584683.8538
2013 2819876654.6549
2014 3523229759.6745
2015 2815204783.1249
2016 3194730426.4193
2017 3418361556.2686
2018 3589279634.082
2019 3898480205.2544
2020 2925224402.361
2021 3292357506.0203
2022 3920590210.7644

Benin | Exports of goods and services (constant 2015 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 constant 2015 prices, expressed in U.S. dollars. Development relevance: An economy's growth is measured by the change in the volume of its output or in the real incomes of its residents. The 2008 United Nations System of National Accounts (2008 SNA) offers three plausible indicators for calculating growth: the volume of gross domestic product (GDP), real gross domestic income, and real gross national income. The volume of GDP is the sum of value added, measured at constant prices, by households, government, and industries operating in the economy. GDP accounts for all domestic production, regardless of whether the income accrues to domestic or foreign institutions. 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 Benin
Records
63
Source