Honduras | 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 Honduras
Records
63
Source
Honduras | Exports of goods and services (constant 2015 US$)
1960 1113091526.3923
1961 1126313701.5622
1962 1163012040.2769
1963 1207535720.4631
1964 1315741681.7692
1965 1797945979.2468
1966 2093151091.2473
1967 2250737826.5464
1968 2534609818.2152
1969 2382959743.4629
1970 2593165248.6261
1971 2935862418.9123
1972 2941259226.5238
1973 3240781788.0918
1974 2919672004.7735
1975 3033004929.8322
1976 3065385766.8055
1977 3057290381.475
1978 3797679533.7843
1979 4175229487.1389
1980 4051227169.3802
1981 4213900858.1146
1982 3784077529.7309
1983 3811281537.9247
1984 3794959132.9911
1985 3895880566.6319
1986 4154052040.2274
1987 4254706870.2749
1988 4216621258.9079
1989 4431532923.0563
1990 4453296129.5766
1991 4363522902.0066
1992 4711734210.5046
1993 4660046589.7799
1994 4189417247.7576
1995 4757981023.5558
1996 5141557538.4535
1997 5209567556.1119
1998 5291179575.5629
1999 4700852603.8532
2000 5005537494.4411
2001 5203798643.6278
2002 5724721117.4515
2003 6224373996.0598
2004 7046105589.7878
2005 7420001769.2935
2006 7535280192.7483
2007 7726445679.7536
2008 7792871860.3956
2009 6554044026.2338
2010 7582028084.7671
2011 8216055065.9361
2012 9025238815.8799
2013 8909621261.5121
2014 9208847770.4886
2015 9475891625.3801
2016 9559917830.8446
2017 10025509791.849
2018 10162649115.701
2019 10408432071.042
2020 8240463796.0136
2021 10096431631.006
2022 10794736963.701

Honduras | 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 Honduras
Records
63
Source