Dominican Republic | 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
Dominican Republic
Records
63
Source
Dominican Republic | Exports of goods and services (% of GDP)
1960 25.59489542
1961 23.25331807
1962 23.86846257
1963 20.72704302
1964 19.69578975
1965 16.30447022
1966 16.3431243
1967 18.08078856
1968 18.48762858
1969 18.48029256
1970 17.95302552
1971 18.00984896
1972 21.27642729
1973 22.56078628
1974 25.61902825
1975 28.87882021
1976 22.29488336
1977 21.0745415
1978 18.64670222
1979 22.02645232
1980 20.34574063
1981 21.61355108
1982 16.43991895
1983 16.97814607
1984 21.73342301
1985 26.16301953
1986 22.93953838
1987 25.5254959
1988 34.48172022
1989 30.67167221
1990 30.61070791
1991 40.07797316
1992 36.80375032
1993 36.3893324
1994 36.20853992
1995 35.22672162
1996 34.88670973
1997 35.22228754
1998 34.30988428
1999 34.98110211
2000 35.49782514
2001 31.89062009
2002 30.72401016
2003 42.15299816
2004 41.14747664
2005 28.33113815
2006 28.22491627
2007 26.76202201
2008 23.90673649
2009 21.0309281
2010 22.67575221
2011 24.18697531
2012 24.58317787
2013 25.16715873
2014 25.15139056
2015 23.7615823
2016 23.90937952
2017 23.68214534
2018 23.55143131
2019 23.06928204
2020 18.29569716
2021 21.75270208
2022 22.06273154

Dominican Republic | 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
Dominican Republic
Records
63
Source