IBRD only | 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
IBRD only
Records
63
Source
IBRD only | Exports of goods and services (% of GDP)
10.68758736 1960
10.93068112 1961
10.9540037 1962
10.93728378 1963
10.06673855 1964
9.65961578 1965
10.07442878 1966
10.02289812 1967
10.12638301 1968
9.93332255 1969
9.84185154 1970
10.22942196 1971
10.79485032 1972
13.03029703 1973
18.25484113 1974
16.15328189 1975
17.28571508 1976
16.94599197 1977
15.6456381 1978
17.93106443 1979
18.26363841 1980
16.25124203 1981
16.66712247 1982
16.50279713 1983
16.680957 1984
16.18174162 1985
14.29170061 1986
16.58174932 1987
17.53593953 1988
18.89030686 1989
18.16569556 1990
18.16516965 1991
25.05469386 1992
20.32585252 1993
20.71390604 1994
21.55190011 1995
21.31822933 1996
21.85422392 1997
21.66631612 1998
23.46063766 1999
25.96839548 2000
25.15331797 2001
27.01718674 2002
28.68241581 2003
30.91905647 2004
31.91785177 2005
32.78040631 2006
31.90954469 2007
32.05512307 2008
26.50571091 2009
27.92753589 2010
28.45959308 2011
27.90020175 2012
27.1933641 2013
26.33022003 2014
24.79680543 2015
23.70731285 2016
24.2565257 2017
25.32870852 2018
24.44781746 2019
23.57628626 2020
25.95092821 2021
27.43325495 2022

IBRD only | 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
IBRD only
Records
63
Source