Benin | 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
Republic of Benin
Records
63
Source
Benin | Exports of goods and services (% of GDP)
1960 6.12391381
1961 4.58348955
1962 3.5178232
1963 3.82136021
1964 5.13733827
1965 7.26756306
1966 6.84654487
1967 7.66582205
1968 9.33464259
1969 11.77321922
1970 15.17657983
1971 17.78579859
1972 14.38440221
1973 15.66197565
1974 14.31675614
1975 14.52824593
1976 12.99124631
1977 16.17890261
1978 16.52508821
1979 17.51637947
1980 15.81651288
1981 15.93050046
1982 17.77103583
1983 13.76428919
1984 19.57937532
1985 23.65261835
1986 16.67592095
1987 15.26752812
1988 13.80373921
1989 13.49542898
1990 19.18130301
1991 21.00248606
1992 23.23914805
1993 22.46438304
1994 28.32701862
1995 27.3689425
1996 26.49881155
1997 27.17613459
1998 27.09293955
1999 23.00953079
2000 20.60530255
2001 19.86857881
2002 19.72661078
2003 18.64429725
2004 18.51354757
2005 18.48363998
2006 18.05792571
2007 22.04285312
2008 22.14072027
2009 19.92796684
2010 23.07204807
2011 20.8496515
2012 23.89673687
2013 27.57056532
2014 31.43084112
2015 24.72045121
2016 27.60678807
2017 27.20559478
2018 27.27423062
2019 29.63052719
2020 19.87247043
2021 20.91880618
2022 21.65320955

Benin | 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
Republic of Benin
Records
63
Source