Ghana | 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 Ghana
Records
63
Source
Ghana | Exports of goods and services (current US$)
1960 345070422.53521
1961 342253521.12676
1962 336619718.30986
1963 328169014.08451
1964 346478873.23944
1965 353521126.76056
1966 312676056.33803
1967 304651162.7907
1968 339215686.27451
1969 387254901.96078
1970 472549019.60784
1971 382524271.84466
1972 438345864.66165
1973 647413793.10345
1974 530434782.6087
1975 544148936.17021
1976 434322033.8983
1977 334857142.85714
1978 306108202.44328
1979 451566951.56695
1980 376348547.71784
1981 200813953.48837
1982 134733893.55742
1983 225418871.25221
1984 354924983.69211
1985 479910714.28571
1986 950751458.05294
1987 997843537.41497
1988 945129549.05063
1989 879299610.89494
1990 993956953.64238
1991 1120134374.235
1992 1105235206.5926
1993 1208940821.014
1994 1375682236.732
1995 1583544039.8953
1996 2226334937.3575
1997 2233536787.8279
1998 2534277964.7526
1999 2475841480.9314
2000 2431743616.9412
2001 2404077313.4349
2002 2627802407.066
2003 3104918870.6499
2004 3490692555.2671
2005 3916311039.7709
2006 5149454653.9366
2007 6088927418.3777
2008 7178293982.0864
2009 7630156153.1339
2010 9490812128.5358
2011 14529631105.631
2012 16656935875.327
2013 15983077800.49
2014 15466373251.167
2015 16714895486.564
2016 17519660715.578
2017 20463637692.087
2018 22514781525.846
2019 25592297672.353
2020 22081380379.44
2021 23901159997.933
2022 25742684855.665

Ghana | 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 Ghana
Records
63
Source