East Asia & Pacific (excluding high income) | 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
East Asia & Pacific (excluding high income)
Records
63
Source
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East Asia & Pacific (excluding high income) | Exports of goods and services (% of GDP)
6.48973064 1960
6.18983705 1961
6.73917416 1962
6.94476442 1963
6.61894197 1964
6.36746257 1965
6.1771668 1966
6.10304364 1967
6.46036062 1968
6.15343631 1969
5.82101985 1970
6.04547855 1971
6.74334433 1972
8.80550206 1973
11.91756562 1974
10.25751383 1975
11.41845065 1976
11.70056269 1977
11.32604636 1978
13.33369807 1979
14.62805076 1980
15.51238585 1981
14.86197511 1982
15.05383198 1983
16.12321606 1984
15.751798 1985
15.3752734 1986
17.54434941 1987
18.43251149 1988
18.33392964 1989
22.28677194 1990
24.07169049 1991
24.28264662 1992
22.58944681 1993
28.41875952 1994
28.43554179 1995
27.89614282 1996
29.71276958 1997
30.47463259 1998
29.89916366 1999
33.28090782 2000
31.02992619 2001
31.83141442 2002
34.68401958 2003
38.3951497 2004
40.59425311 2005
41.67605496 2006
40.41904724 2007
37.5808649 2008
29.35113242 2009
31.25069392 2010
30.82196184 2011
29.42599506 2012
28.3524635 2013
27.33547755 2014
25.01971957 2015
23.38284092 2016
23.79885999 2017
23.3126344 2018
22.40634009 2019
21.87582537 2020
23.4604507 2021
24.82615351 2022
East Asia & Pacific (excluding high income) | 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
East Asia & Pacific (excluding high income)
Records
63
Source
Create chart Download showed records Download Full dataset