Gambia, The | 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
Republic of the Gambia
Records
63
Source
Gambia, The | Exports of goods and services (current US$)
1960
1961
1962
1963
1964
1965
1966 15991781.424878
1967 18921503.35038
1968 16460090.336144
1969 18244685.191496
1970 19763503.621606
1971 18037835.138553
1972 19980333.107983
1973 26392897.107328
1974 37334614.510146
1975 51495206.975051
1976 46062022.588224
1977 50729191.515639
1978 57875483.340485
1979 72405656.380797
1980 103029780.07337
1981 96172688.765281
1982 95784687.553232
1983 107766540.65168
1984 90665413.338735
1985 99014528.975514
1986 86556333.59331
1987 109029387.65125
1988 134311372.43433
1989 156436607.86728
1990 189941809.81527
1991 203220124.35159
1992 218509709.45
1993 212861269.5993
1994 158552463.83993
1995 186876569.33247
1996 184904931.24905
1997 184290825.82667
1998 212639014.94865
1999 198771163.93619
2000 201981399.98632
2001 149998489.21009
2002 157033586.74956
2003 151438768.63321
2004 198101350.56903
2005 204546331.80887
2006 221729529.524
2007 230768306.08786
2008 226068893.10956
2009 228340998.68261
2010 226367642.89988
2011 237665945.2737
2012 280760743.77468
2013 261079179.20076
2014 268476270.62752
2015 270072079.8242
2016 236218944.85837
2017 252666102.95469
2018 362977228.19432
2019 341709419.75865
2020 174363311.78451
2021 131923343.68028
2022 99947298.438099

Gambia, The | 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
Republic of the Gambia
Records
63
Source