Guatemala | Exports of goods and services (constant 2015 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 constant 2015 prices, expressed in U.S. dollars. Development relevance: An economy's growth is measured by the change in the volume of its output or in the real incomes of its residents. The 2008 United Nations System of National Accounts (2008 SNA) offers three plausible indicators for calculating growth: the volume of gross domestic product (GDP), real gross domestic income, and real gross national income. The volume of GDP is the sum of value added, measured at constant prices, by households, government, and industries operating in the economy. GDP accounts for all domestic production, regardless of whether the income accrues to domestic or foreign institutions. 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 Guatemala
Records
63
Source
Guatemala | Exports of goods and services (constant 2015 US$)
1404896078.0161 1960
1437952416.5638 1961
1493046397.8457 1962
2047658993.2037 1963
1968690900.6637 1964
2226181769.7048 1965
2736807617.5049 1966
2561394783.908 1967
2880995125.7765 1968
3250188640.4928 1969
3177635687.2275 1970
3309884115.9554 1971
3784692666.9693 1972
4147457452.3952 1973
4422974991.1357 1974
4568999295.8029 1975
4870231809.493 1976
5173300811.0513 1977
5167791038.9195 1978
5686682123.2224 1979
5979649419.7538 1980
5118197307.172 1981
4685635052.0736 1982
4175927583.1884 1983
4040923998.6168 1984
4169498853.8979 1985
3586320033.6108 1986
3802142116.2329 1987
4016127421.8038 1988
4549713050.1438 1989
5162280399.3606 1990
4692982175.338 1991
5133810254.3654 1992
5476251937.5476 1993
5660333470.6451 1994
6371296797.3165 1995
6924717191.7332 1996
7485812276.4082 1997
7665046441.465 1998
8017944751.7766 1999
8323985648.5109 2000
7991856368.1845 2001
8048622932.0794 2002
8006965807.5029 2003
8664895860.9008 2004
8482098597.2113 2005
8888447708.8442 2006
9725394574.7073 2007
9709542429.3524 2008
9451150184.0671 2009
10030881518.005 2010
10332605897.316 2011
10513803361.209 2012
11214310085.238 2013
11991163483.368 2014
12331439231.386 2015
12622343141.721 2016
12810429102.177 2017
12763020049.117 2018
12792599921.174 2019
11829865639.094 2020
13043410279.257 2021
13952266633.341 2022

Guatemala | Exports of goods and services (constant 2015 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 constant 2015 prices, expressed in U.S. dollars. Development relevance: An economy's growth is measured by the change in the volume of its output or in the real incomes of its residents. The 2008 United Nations System of National Accounts (2008 SNA) offers three plausible indicators for calculating growth: the volume of gross domestic product (GDP), real gross domestic income, and real gross national income. The volume of GDP is the sum of value added, measured at constant prices, by households, government, and industries operating in the economy. GDP accounts for all domestic production, regardless of whether the income accrues to domestic or foreign institutions. 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 Guatemala
Records
63
Source