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