Low & middle income | 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
Low & middle income
Records
63
Source
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Low & middle income | Exports of goods and services (% of GDP)
10.61134698 1960
10.71918595 1961
10.60761986 1962
10.61344832 1963
10.1777277 1964
9.73215177 1965
10.09371874 1966
10.05271368 1967
10.30614483 1968
10.02261442 1969
10.00443325 1970
10.4062971 1971
11.08772777 1972
13.16663371 1973
17.09827189 1974
15.30998303 1975
16.48216598 1976
16.47828567 1977
15.38303401 1978
17.28206906 1979
17.4182677 1980
14.69629032 1981
15.29557141 1982
15.64652469 1983
16.06488395 1984
15.63721668 1985
14.05992172 1986
16.22682478 1987
17.03245944 1988
18.18091129 1989
17.35551652 1990
17.3687185 1991
24.1839752 1992
19.78134803 1993
20.33041519 1994
20.98968849 1995
20.53848926 1996
21.06432048 1997
20.82022881 1998
23.17959485 1999
25.39065574 2000
24.72214789 2001
26.31841988 2002
27.65730016 2003
29.88762089 2004
30.90705113 2005
31.57929786 2006
30.8501762 2007
31.07782379 2008
25.66346123 2009
26.9003999 2010
27.36826916 2011
26.80520653 2012
26.01256798 2013
25.20068562 2014
23.55881472 2015
22.41020818 2016
23.01828606 2017
24.0839822 2018
23.21012195 2019
22.21103259 2020
24.78339201 2021
26.30514062 2022
Low & middle income | 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
Low & middle income
Records
63
Source
Create chart Download showed records Download Full dataset