India | 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 India
Records
63
Source
India | Exports of goods and services (constant 2015 US$)
5166801404.1121 1960
5157197704.3666 1961
5127294660.9725 1962
5558196498.2338 1963
5196243981.9742 1964
4475827546.5847 1965
5632397596.5214 1966
5911546854.0998 1967
6097053604.9035 1968
5978892443.2844 1969
7865700340.2426 1970
7948450434.3553 1971
8603232211.9173 1972
9030249846.4887 1973
9770712029.4732 1974
11377880654.105 1975
13632844265.627 1976
13146512144.028 1977
14172338470.385 1978
15753148172.553 1979
16578192478.862 1980
16442759579.081 1981
17432697238.649 1982
17273202306.067 1983
18533775038.058 1984
17363383662.949 1985
18306628821.43 1986
20636564457.222 1987
22178747994.55 1988
24835569802.653 1989
27593415338.807 1990
30259570137.423 1991
31740244814.481 1992
36113921608.625 1993
40824500592.828 1994
53641790641.086 1995
57015714674.365 1996
55688288351.753 1997
63420229533.274 1998
74835534391.58 1999
88420811378.925 2000
92231327923.872 2001
111678306012.81 2002
122379566897.53 2003
155637941981.76 2004
196236214981.31 2005
236256246988.18 2006
250116311970.78 2007
287078838546.15 2008
273200800549.94 2009
326415222554.74 2010
376986672437.33 2011
402642458200.43 2012
434017925781.7 2013
441732988212.63 2014
416787940847.63 2015
437561725552.59 2016
457535139608.1 2017
512127641086.49 2018
494792232272.28 2019
449591548411.01 2020
581294414045.75 2021
660191274316.5 2022
India | 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 India
Records
63
Source