Iraq | Exports of goods and services (current 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 current U.S. dollars. 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 Iraq
Records
63
Source
Iraq | Exports of goods and services (current US$)
1960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970 1224999510.0002
1971 1687411598.3027
1972 1519074797.2364
1973 2378672829.3166
1974 7029800203.1832
1975 7042668472.7396
1976 10185912631.222
1977 11148662377.243
1978 13467998645.445
1979 23617676938.706
1980 33374666666.667
1981 11959333333.333
1982 11168333333.333
1983 10023870967.742
1984 12046129032.258
1985 12176451612.903
1986 7799354838.7097
1987 13184193548.387
1988 12340967741.935
1989 14460000000
1990 13888387096.774
1991 5262247.8386167
1992 3224627.2246272
1993 779620.77705412
1994 1419562.9151824
1995 693280.95210584
1996 955911.85581074
1997 13257740142.531
1998 16060750015.049
1999 28632988388.892
2000 36613563337.956
2001 23613582830.574
2002 23237627426.113
2003 16965698492.909
2004 20610853097.199
2005 27149419157.609
2006 33242283054.613
2007 40776065461.006
2008 66239316546.645
2009 43993210284.519
2010 54598900000
2011 82505400000
2012 97029493670.115
2013 93065600000
2014 88949000000
2015 57560658811.411
2016 46829500000
2017 63496860304.054
2018 92771934474.741
2019 88902900000
2020 50206937080.537
2021 78260500000
2022

Iraq | Exports of goods and services (current 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 current U.S. dollars. 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 Iraq
Records
63
Source