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