IDA & IBRD total | 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
IDA & IBRD total
Records
63
Source
IDA & IBRD total | Exports of goods and services (% of GDP)
1960 11.24287944
1961 11.46319169
1962 11.51292128
1963 11.49703737
1964 10.74326533
1965 10.33438949
1966 10.6733336
1967 10.60808836
1968 10.78097132
1969 10.51688811
1970 10.41821756
1971 10.73798843
1972 11.25908075
1973 13.46200641
1974 18.08665123
1975 15.94311004
1976 17.00198451
1977 16.87979891
1978 15.65290496
1979 17.74081811
1980 18.02486601
1981 15.26901322
1982 15.65675778
1983 15.9562806
1984 16.37152359
1985 15.91701737
1986 14.34162342
1987 16.43349715
1988 17.2926259
1989 18.68597216
1990 17.98380859
1991 17.92617911
1992 24.57256089
1993 20.27167112
1994 20.86247872
1995 21.42626189
1996 21.04146023
1997 21.51693222
1998 21.20285994
1999 23.42328499
2000 25.71017195
2001 24.99662797
2002 26.6892558
2003 28.12783343
2004 30.33899319
2005 31.32558163
2006 32.05682568
2007 31.29844694
2008 31.44528811
2009 26.06703518
2010 27.49199054
2011 28.0069966
2012 27.37428935
2013 26.63017999
2014 25.74756458
2015 24.19358782
2016 23.14351848
2017 23.77491933
2018 24.85366341
2019 24.00656976
2020 23.06580078
2021 25.45938437
2022 26.95610878

IDA & IBRD total | 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
IDA & IBRD total
Records
63
Source