Madagascar | 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
Republic of Madagascar
Records
63
Source
Madagascar | Exports of goods and services (% of GDP)
1960 10.03018418
1961 14.60474932
1962 13.7550293
1963 12.78044807
1964 13.30279745
1965 13.21170446
1966 17.29471531
1967 17.51425288
1968 17.75033878
1969 18.10926966
1970 19.16033769
1971 14.44466833
1972 14.26297439
1973 14.24785577
1974 15.52616125
1975 15.85951839
1976 15.16374184
1977 16.44499126
1978 17.15103831
1979 14.57538181
1980 10.66534596
1981 8.88982771
1982 8.46237429
1983 8.14920432
1984 10.74977453
1985 9.8948036
1986 9.84529598
1987 14.13963752
1988 13.58430619
1989 15.35615436
1990 12.87027078
1991 15.97244826
1992 14.496154
1993 13.80969254
1994 20.01980217
1995 20.98689761
1996 17.02486156
1997 16.14294254
1998 16.41237559
1999 18.34662007
2000 19.11966845
2001 20.07024942
2002 21.81557441
2003 13.69416282
2004 19.45730646
2005 24.31938611
2006 27.48691378
2007 27.79620714
2008 27.7071994
2009 20.37582984
2010 21.87438052
2011 22.71963868
2012 21.7806921
2013 23.27216608
2014 28.28191197
2015 28.39064613
2016 29.09256943
2017 30.90263088
2018 31.53602365
2019 28.42440124
2020 20.14207488
2021 22.77428988
2022 30.37377025

Madagascar | 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
Republic of Madagascar
Records
63
Source