Early-demographic dividend | Exports of goods and services (constant 2015 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 constant 2015 prices, expressed in U.S. dollars. Development relevance: An economy's growth is measured by the change in the volume of its output or in the real incomes of its residents. The 2008 United Nations System of National Accounts (2008 SNA) offers three plausible indicators for calculating growth: the volume of gross domestic product (GDP), real gross domestic income, and real gross national income. The volume of GDP is the sum of value added, measured at constant prices, by households, government, and industries operating in the economy. GDP accounts for all domestic production, regardless of whether the income accrues to domestic or foreign institutions. 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
Early-demographic dividend
Records
63
Source
Early-demographic dividend | Exports of goods and services (constant 2015 US$)
168717647666.03 1960
177101414209.6 1961
165662961417.08 1962
184497783322.61 1963
195633643592.52 1964
213091674770.13 1965
230810801439.87 1966
244792097289.65 1967
263149262004.89 1968
289371114258.73 1969
315502986872.77 1970
333497775448.03 1971
378085920638.16 1972
412002986897.15 1973
409098980236.84 1974
394375631971.89 1975
434281376347.52 1976
447104421762.71 1977
428897281007.13 1978
429964498687.36 1979
384399989169.07 1980
389428379799.86 1981
418480736295 1982
447092657636.66 1983
453765787565.8 1984
451159759160.47 1985
457235512093.09 1986
502735993439.7 1987
538920685191.63 1988
574337167118.48 1989
607312445076.77 1990
649708105293.23 1991
685953050369.4 1992
733958560125.57 1993
802998222220.76 1994
896640290844.85 1995
976026373452.68 1996
1043138944699.1 1997
1095401658318.7 1998
1100543813016.5 1999
1241073643584.8 2000
1245266340114.8 2001
1278862136673.2 2002
1369589163252.9 2003
1506871683243.8 2004
1664314313089.1 2005
1806729166754.8 2006
1896351923384.4 2007
1966846650877.1 2008
1803744501303.6 2009
2019315683071.8 2010
2170754043809.1 2011
2261552661813.1 2012
2331888908502.5 2013
2381714967335.4 2014
2399783016002.7 2015
2482792903910.6 2016
2640313657765.2 2017
2848004001957 2018
2838716305797.8 2019
2522712463440.7 2020
2879149501043.8 2021
3236443011296.5 2022
Early-demographic dividend | Exports of goods and services (constant 2015 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 constant 2015 prices, expressed in U.S. dollars. Development relevance: An economy's growth is measured by the change in the volume of its output or in the real incomes of its residents. The 2008 United Nations System of National Accounts (2008 SNA) offers three plausible indicators for calculating growth: the volume of gross domestic product (GDP), real gross domestic income, and real gross national income. The volume of GDP is the sum of value added, measured at constant prices, by households, government, and industries operating in the economy. GDP accounts for all domestic production, regardless of whether the income accrues to domestic or foreign institutions. 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
Early-demographic dividend
Records
63
Source