Germany | 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
Federal Republic of Germany
Records
63
Source
Germany | Exports of goods and services (% of GDP)
1960
1961
1962
1963
1964
1965
1966
1967
1968
1969
15.12850774 1970
14.56018449 1971
14.55308101 1972
15.35526775 1973
18.23698621 1974
17.11064235 1975
18.07170904 1976
17.9799572 1977
17.63674336 1978
17.82462324 1979
18.62122396 1980
20.13483519 1981
20.87000855 1982
20.29140637 1983
21.72556858 1984
22.93900374 1985
21.28714032 1986
20.68303277 1987
21.09008868 1988
22.29961991 1989
22.83583656 1990
23.664901 1991
22.19469349 1992
20.31344059 1993
21.11071028 1994
21.99423628 1995
22.86002769 1996
25.36027331 1997
26.40690621 1998
26.95923243 1999
30.84771157 2000
31.84470712 2001
32.59257911 2002
32.81171295 2003
35.71336386 2004
38.05957235 2005
41.43290791 2006
43.3227581 2007
43.79919026 2008
38.11990694 2009
42.56547341 2010
45.05713628 2011
46.30712014 2012
45.41867786 2013
45.61926331 2014
46.92073836 2015
46.07326285 2016
47.16304068 2017
47.30885914 2018
47.12758088 2019
43.47697967 2020
47.2795201 2021
50.92392973 2022

Germany | 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
Federal Republic of Germany
Records
63
Source