Ghana | 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
Republic of Ghana
Records
63
Source
Ghana | Exports of goods and services (% of GDP)
1960 28.19332566
1961 26.12903226
1962 24.2147923
1963 21.18181818
1964 19.90291262
1965 17.12141883
1966 14.62450593
1967 17.42021277
1968 20.35294118
1969 19.74012994
1970 21.33687472
1971 15.76
1972 20.71047957
1973 21.451014
1974 18.32618026
1975 19.36399773
1976 15.70640515
1977 10.49896981
1978 8.35795292
1979 11.23237191
1980 8.4663493
1981 4.75587255
1982 3.33830725
1983 5.5559178
1984 8.04402704
1985 10.65448567
1986 16.57609705
1987 19.66260054
1988 18.1833835
1989 16.74263732
1990 16.87789041
1991 16.96354606
1992 17.22595549
1993 20.25391906
1994 25.25863593
1995 24.49644594
1996 32.11218217
1997 32.41029093
1998 33.87135176
1999 32.07833895
2000 48.80225762
2001 45.23301647
2002 42.61625189
2003 40.67904265
2004 39.30332512
2005 36.44921695
2006 24.65619049
2007 24.5250906
2008 25.0294573
2009 29.29186598
2010 29.47671798
2011 36.93660855
2012 40.35921817
2013 25.4407834
2014 28.23190177
2015 33.83170499
2016 31.19323949
2017 33.87687443
2018 33.45489588
2019 37.44959942
2020 31.52542049
2021 30.05511947
2022 34.89773954

Ghana | 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
Republic of Ghana
Records
63
Source