Costa Rica | 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 Costa Rica
Records
63
Source
Costa Rica | Exports of goods and services (% of GDP)
21.18510602 1960
20.86163431 1961
22.72327588 1962
22.08741883 1963
24.41937538 1964
22.56331818 1965
24.78080519 1966
24.88184845 1967
27.76639998 1968
26.59628974 1969
27.835084 1970
26.79417235 1971
30.22712335 1972
30.79981077 1973
33.14315574 1974
30.06200701 1975
28.90895548 1976
30.86891026 1977
28.18118938 1978
26.92283179 1979
26.47788286 1980
43.26835646 1981
45.0838985 1982
36.03724268 1983
34.38199531 1984
30.72320202 1985
31.34099253 1986
31.63231452 1987
34.0243173 1988
34.85115542 1989
34.19026834 1990
33.40610643 1991
35.28175224 1992
36.03722388 1993
35.88465867 1994
38.1292145 1995
40.01199302 1996
41.60906831 1997
43.96284105 1998
42.55786577 1999
42.93032218 2000
40.5085725 2001
39.22453521 2002
40.67171292 2003
42.20765346 2004
43.46452236 2005
43.31403511 2006
40.58213751 2007
38.80646065 2008
34.63230503 2009
32.82941135 2010
32.47247088 2011
31.65131734 2012
30.59164936 2013
31.36291528 2014
29.99565786 2015
31.2600963 2016
32.76268315 2017
33.73851078 2018
34.32532156 2019
31.90649766 2020
36.17635703 2021
40.56655498 2022
Costa Rica | 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 Costa Rica
Records
63
Source