Madagascar | 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 Madagascar
Records
63
Source
Madagascar | Exports of goods and services (constant 2015 US$)
1960 618643681.52857
1961 1078409760.4031
1962 1061558501.5987
1963 977309676.014
1964 1059154422.8162
1965 1179509882.7589
1966 1218028144.1242
1967 1263762449.2287
1968 1403377033.2138
1969 1453927074.4709
1970 1367270402.6056
1971 1095261043.8937
1972 1080817631.3178
1973 1128959805.4621
1974 1196361128.2829
1975 1405784902.2536
1976 1078409762.3301
1977 1136183410.6546
1978 1256542643.7201
1979 1362454666.4529
1980 921236935.48145
1981 712551324.31685
1982 682014611.9459
1983 651743668.40196
1984 870617928.53253
1985 877475851.95415
1986 848421983.5386
1987 881752929.33087
1988 835426136.65455
1989 1162727184.7576
1990 1057392093.1348
1991 1080158723.4949
1992 1085717557.1092
1993 1144710287.1823
1994 1259722786.1075
1995 1303404354.3451
1996 1357922175.5587
1997 1307566391.5918
1998 1249476035.2534
1999 1442930305.6708
2000 1636188731.5422
2001 1793376547.869
2002 970715122.31024
2003 1349766252.4683
2004 1481852429.8244
2005 1509003149.0956
2006 1770693443.9058
2007 2312470318.6085
2008 2604202227.3421
2009 1963738369.9139
2010 2075376729.5763
2011 2209148582.8134
2012 2099541568.6595
2013 2321723075.2651
2014 3235447339.446
2015 3214678738.4974
2016 3183170975.9806
2017 4628202344.313
2018 4741560801.5304
2019 5258968972.4783
2020 3332307453.1236
2021 5165304776.5452
2022 6583331764.6114

Madagascar | 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 Madagascar
Records
63
Source