Early-demographic dividend | 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
Early-demographic dividend
Records
63
Source
Early-demographic dividend | Exports of goods and services (% of GDP)
1960
1961
1962
1963
1964
1965
1966
1967 11.64984163
1968 11.54529604
1969 11.17487728
1970 11.82231209
1971 12.52251256
1972 13.98333014
1973 18.45668285
1974 23.60949453
1975 21.76377967
1976 22.17388654
1977 21.99507649
1978 19.43542394
1979 22.35639838
1980 23.9677591
1981 22.71731852
1982 20.9407568
1983 19.16822057
1984 18.35443395
1985 17.03908548
1986 14.45223308
1987 16.67413025
1988 17.68379359
1989 19.24651724
1990 19.90187944
1991 19.57949954
1992 19.25724545
1993 17.92697754
1994 19.21407851
1995 21.81050055
1996 22.70803884
1997 22.7354125
1998 21.55053875
1999 22.07856032
2000 24.8213327
2001 23.73709754
2002 25.6426179
2003 26.22087502
2004 28.15132419
2005 29.8197111
2006 30.70066395
2007 29.97868082
2008 31.44706601
2009 26.04611268
2010 27.55011391
2011 29.02507046
2012 28.58488836
2013 28.04908582
2014 26.36912169
2015 23.48854038
2016 22.66360964
2017 23.59743222
2018 25.83826473
2019 24.84226777
2020 22.67385979
2021 25.9486979
2022 28.55143622

Early-demographic dividend | 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
Early-demographic dividend
Records
63
Source