Europe & Central Asia | Exports of goods and services (current 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 current U.S. dollars. 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
Europe & Central Asia
Records
63
Source
Europe & Central Asia | Exports of goods and services (current US$)
1960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970 204270419449.5
1971 231111606978.67
1972 277205753098.77
1973 371601735258.85
1974 480116774100.98
1975 523191133614.97
1976 569314862025.39
1977 656429296029.58
1978 797658300930.77
1979 994052191719.06
1980 1147595199292.3
1981 1073522978555.6
1982 1031870061472.1
1983 1009456050972.2
1984 1033452521439.6
1985 1077950052951.9
1986 1317629189769.1
1987 1585613802187.5
1988 1767262608255.1
1989 1874246963606.9
1990 2242539779365.6
1991 2260582645499.2
1992 2651707360997
1993 2365426771418.4
1994 2560342260873.3
1995 3092740132100.4
1996 3185299676336.8
1997 3197546612203.8
1998 3306791582290.8
1999 3322301882075.2
2000 3471339080444.2
2001 3510245811880.5
2002 3751552536204.8
2003 4475543799297.4
2004 5422918603149.7
2005 5979073743745.4
2006 6815859559318.8
2007 8021295612156.1
2008 9076187287055.2
2009 7180677966066.5
2010 8012902028951.4
2011 9442193650496
2012 9225116045788.8
2013 9606146531803.3
2014 9813794006797.1
2015 8619655714609.7
2016 8592549115542.9
2017 9452847688353.7
2018 10462446159833
2019 10317749125607
2020 9377113547345.7
2021 11634098873128
2022 12780845969490

Europe & Central Asia | Exports of goods and services (current 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 current U.S. dollars. 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
Europe & Central Asia
Records
63
Source