Cuba | Exports of goods and services (current 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 current U.S. dollars. 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 Cuba
Records
63
Source
Cuba | Exports of goods and services (current US$)
1960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970 1857363400
1971 2255959900
1972 2654199160.5457
1973 3258402050.6634
1974 3719910243.9024
1975 4251739756.0976
1976 4499232764.9208
1977 4635330843.3735
1978 5819724675.3247
1979 6377068904.1096
1980 6521956666.6667
1981 6565420000
1982 6838236470.5882
1983 7224138183.9348
1984 7766066363.1189
1985 7725366415.5476
1986 7687511279.0977
1987 8295404425.7917
1988 8794332849.6042
1989 8421585287.7099
1990 8662106515.9575
1991 5332907602.0199
1992 3736544459.4595
1993 2951182567.5676
1994 3766477027.027
1995 4078053746.968
1996 3831000000
1997 3785600000
1998 3668100000
1999 4123500000
2000 4318900000
2001 4193000000
2002 3872000000
2003 4649900000
2004 6120800000
2005 8962900000
2006 9138888888.8889
2007 11035092592.593
2008 11580000000
2009 10036111111.111
2010 13443518518.518
2011 17319000000
2012 18659000000
2013 18593000000
2014 17812000000
2015 14941000000
2016 13690000000
2017 14093000000
2018 14530000000
2019 12632000000
2020 8769000000
2021 190246000000
2022 253465000000

Cuba | Exports of goods and services (current 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 current U.S. dollars. 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 Cuba
Records
63
Source