Colombia | 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 Colombia
Records
63
Source
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Colombia | Exports of goods and services (% of GDP)
15.69457914 1960
12.9913517 1961
12.22350581 1962
11.98285511 1963
11.95749707 1964
12.13463828 1965
9.98157877 1966
11.21248698 1967
11.77318696 1968
12.53938135 1969
13.27051699 1970
11.96643701 1971
13.25482296 1972
14.92432966 1973
14.54011365 1974
15.81726354 1975
17.04623593 1976
16.86565768 1977
16.62596607 1978
15.2164715 1979
16.21798079 1980
11.85123057 1981
10.91283459 1982
10.4595177 1983
11.88479234 1984
13.80777598 1985
18.83724644 1986
16.9496696 1987
16.28616763 1988
18.00256341 1989
18.86266903 1990
19.0945389 1991
16.5185547 1992
15.18449529 1993
14.99836183 1994
14.53374289 1995
15.1994617 1996
14.84154374 1997
15.00735084 1998
18.34657875 1999
15.91513972 2000
15.38713577 2001
14.81556968 2002
16.57529971 2003
16.77075142 2004
16.97104374 2005
17.72858775 2006
16.43314213 2007
18.10959514 2008
16.42449569 2009
16.34084476 2010
19.27650507 2011
18.81120528 2012
18.08643972 2013
16.63474911 2014
15.65021151 2015
14.71713928 2016
15.14528975 2017
15.89971968 2018
15.86803865 2019
13.53215561 2020
16.32829834 2021
20.58372796 2022
Colombia | 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 Colombia
Records
63
Source
Create chart Download showed records Download Full dataset