Spain | 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
Kingdom of Spain
Records
63
Source
Spain | Exports of goods and services (% of GDP)
1960
1961
1962
1963
1964
1965
1966
1967
1968
1969
12.13059238 1970
13.0134043 1971
13.33906116 1972
13.32148638 1973
13.18462698 1974
12.3758068 1975
12.56686981 1976
13.25184065 1977
13.87953944 1978
13.70415411 1979
14.29079551 1980
16.28345437 1981
16.97711292 1982
19.07531886 1983
21.30305966 1984
20.86474105 1985
18.19732542 1986
17.72484277 1987
17.30278708 1988
16.60237742 1989
15.72479816 1990
15.76071981 1991
16.18754892 1992
17.70888761 1993
20.31113543 1994
21.82709927 1995
23.0323608 1996
25.66978901 1997
26.10194733 1998
26.35150901 1999
28.56335793 2000
27.86161916 2001
26.55399492 2002
25.62890612 2003
25.41198482 2004
24.97926904 2005
25.2413025 2006
25.98473881 2007
25.62392917 2008
23.06169417 2009
25.95167935 2010
29.5349622 2011
31.45511995 2012
32.95195248 2013
33.46797623 2014
33.61086067 2015
33.8624576 2016
35.13056434 2017
35.14506267 2018
34.90690181 2019
30.77926024 2020
34.17642294 2021
40.87406425 2022
Spain | 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
Kingdom of Spain
Records
63
Source