East Asia & Pacific (IDA & IBRD countries) | 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 (IDA & IBRD countries)
Records
63
Source
East Asia & Pacific (IDA & IBRD countries) | Exports of goods and services (% of GDP)
1960 6.48921244
1961 6.18934279
1962 6.73863604
1963 6.94420988
1964 6.61841345
1965 6.36695413
1966 6.17667355
1967 6.10255631
1968 6.45984476
1969 6.15294496
1970 5.82055504
1971 6.04499582
1972 6.74280587
1973 8.80479894
1974 11.916614
1975 10.25669477
1976 11.41753889
1977 11.6996284
1978 11.32514198
1979 13.33263337
1980 14.62688271
1981 15.51114719
1982 14.86078838
1983 15.05262993
1984 16.12192862
1985 15.75054022
1986 15.37404568
1987 17.5429485
1988 18.43103965
1989 18.33246568
1990 22.28499234
1991 24.06976837
1992 24.28070765
1993 22.58764305
1994 28.41649029
1995 28.43327122
1996 27.89391532
1997 29.71039702
1998 30.47219919
1999 29.89677621
2000 33.27825034
2001 31.02744845
2002 31.82887269
2003 34.68125006
2004 38.39208384
2005 40.59101165
2006 41.67272713
2007 40.41581978
2008 37.57786406
2009 29.34878873
2010 31.24819856
2011 30.81959026
2012 29.42389691
2013 28.35066933
2014 27.33374576
2015 25.01792052
2016 23.38123427
2017 23.79713261
2018 23.3109267
2019 22.40474107
2020 21.87414668
2021 23.458578
2022 24.82429298
East Asia & Pacific (IDA & IBRD countries) | 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 (IDA & IBRD countries)
Records
63
Source