East Asia & Pacific | 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
Records
63
Source
Create chart Download showed records Download Full dataset
East Asia & Pacific | Exports of goods and services (% of GDP)
13.76476233 1960
12.62649225 1961
13.11153222 1962
12.93555215 1963
12.71194302 1964
12.0881895 1965
11.73573441 1966
11.46537666 1967
11.53721358 1968
11.44061243 1969
11.00828626 1970
11.72040219 1971
11.48745078 1972
12.15773832 1973
15.14994573 1974
14.23351007 1975
15.56816981 1976
15.38094636 1977
13.85344069 1978
15.15975368 1979
17.5555929 1980
18.3793028 1981
18.04403509 1982
17.73068806 1983
19.01945201 1984
18.57182461 1985
16.01026657 1986
16.11807112 1987
16.10308006 1988
16.72431308 1989
17.51317944 1990
17.53703341 1991
17.74694003 1992
17.11253216 1993
18.0881868 1994
18.80950378 1995
20.28965822 1996
22.32814242 1997
22.8481721 1998
21.62940155 1999
23.65928824 2000
23.5074204 2001
24.86168886 2002
26.42348238 2003
29.30237588 2004
31.67828584 2005
34.80302959 2006
36.31260846 2007
35.95125745 2008
29.29318196 2009
32.08459956 2010
32.62459022 2011
31.86452764 2012
32.40246006 2013
32.29691013 2014
30.21346242 2015
28.14655971 2016
29.17543689 2017
29.10319591 2018
27.91876543 2019
26.64481952 2020
29.09904177 2021
31.37453286 2022
East Asia & Pacific | 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
Records
63
Source
Create chart Download showed records Download Full dataset