Jamaica | 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
Jamaica
Records
63
Source
Jamaica | Exports of goods and services (% of GDP)
1960 33.24211812
1961 33.29676952
1962 33.01639905
1963 34.16634914
1964 33.45734998
1965 33.28052995
1966 37.45213173
1967 36.0476305
1968 36.83569531
1969 36.75833585
1970 33.23082464
1971 33.81940112
1972 32.77743034
1973 31.54834583
1974 35.67525009
1975 35.26380692
1976 29.04613667
1977 29.76678163
1978 40.55225449
1979 49.80722948
1980 51.06743835
1981 47.189508
1982 38.04093716
1983 35.69610428
1984 55.57835242
1985 55.8611615
1986 48.84298673
1987 46.60179097
1988 43.63112209
1989 43.61229579
1990 48.0631754
1991 50.20733866
1992 62.27454403
1993 44.084231
1994 55.55949735
1995 51.27580598
1996 45.24991073
1997 40.58924206
1998 38.43298918
1999 39.03660709
2000 38.7900457
2001 35.56415707
2002 32.76195131
2003 36.61346899
2004 37.54402476
2005 35.27323512
2006 40.13152526
2007 39.72869092
2008 41.94330709
2009 34.47959621
2010 31.33526663
2011 30.3686139
2012 30.18371146
2013 30.57588318
2014 31.25462497
2015 29.92166548
2016 31.81345561
2017 34.65706257
2018 38.56384829
2019 38.03608075
2020
2021
2022
Jamaica | 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
Jamaica
Records
63
Source