Burkina Faso | 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
Burkina Faso
Records
63
Source
Burkina Faso | Exports of goods and services (constant 2015 US$)
1960
1961
1962
1963
1964
1965 113861492.6865
1966 117660684.65377
1967 117660684.65377
1968 151816723.5994
1969 144222565.0481
1970 163206274.14243
1971 165287210.43845
1972 222280436.84616
1973 205184517.62773
1974 220377897.49553
1975 216580817.92556
1976 199484061.30827
1977 208983297.01183
1978 305128719.66211
1979 378447079.78021
1980 341028276.25376
1981 385901540.92316
1982 332054968.26959
1983 260260079.85045
1984 296155861.78743
1985 292949471.29074
1986 307757695.67063
1987 386021838.66125
1988 373670368.78218
1989 306012553.30709
1990 388347995.30641
1991 386743400.16188
1992 336974501.98287
1993 360084096.47537
1994 497635335.86238
1995 497138045.29626
1996 404126301.81076
1997 432739594.06669
1998 587141869.61165
1999 539153163.03501
2000 561637276.50057
2001 553730647.76536
2002 543329435.94766
2003 590999090.6506
2004 682953723.62541
2005 727621553.08368
2006 871545498.74959
2007 933250386.90287
2008 1010290809.7397
2009 1348748833.1126
2010 1931051257.7172
2011 2385055460.1171
2012 2389768813.5731
2013 2854634634.4453
2014 3041967324.7061
2015 3089098213.3442
2016 3169923745.318
2017 3440797093.2943
2018 3963719348.4626
2019 3974056216.3234
2020 4446797141.859
2021 5042257095.0211
2022 4617654169.2854

Burkina Faso | 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
Burkina Faso
Records
63
Source