Sri Lanka | Exports of goods and services (current 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 current U.S. dollars. 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
Democratic Socialist Republic of Sri Lanka
Records
63
Source
Sri Lanka | Exports of goods and services (current US$)
1960 422303067.22689
1961 397732379.89496
1962 398590401.83128
1963 319557568.52101
1964 322401283.94958
1965 439915966.38656
1966 391806722.68908
1967 380452674.89712
1968 371463229.31092
1969 361512605.04202
1970 584537815.12605
1971 583136593.59191
1972 570184254.60636
1973 700156250
1974 944812030.07519
1975 1042225392.2967
1976 1043162901.308
1977 1387936865.8399
1978 950352338.24471
1979 1134232498.3944
1980 1296672716.2734
1981 1345038961.039
1982 1304565112.9265
1983 1360645983.8504
1984 1740762578.6163
1985 1555117820.324
1986 1519200571.0207
1987 1683389945.6522
1988 1819710782.7727
1989 1904743411.9279
1990 2424288567.1493
1991 2586802030.4569
1992 3082683093.7714
1993 3494577814.5695
1994 3962059894.7794
1995 4638263414.6341
1996 4860502985.3447
1997 5514301315.4772
1998 5724701318.8518
1999 5555445147.2254
2000 6371581612.7776
2001 5879570277.5291
2002 5773455293.7487
2003 6543193120.5968
2004 7300256942.3856
2005 7892069651.7413
2006 8520287929.9381
2007 9418771913.8528
2008 10113919886.638
2009 8972038339.4869
2010
2011
2012
2013
2014
2015 16937417044.063
2016 17447586546.732
2017 19086839119.089
2018 20265390542.702
2019 19426213079.896
2020 13031457073.181
2021 14993955151.906
2022 15984998949.316

Sri Lanka | Exports of goods and services (current 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 current U.S. dollars. 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
Democratic Socialist Republic of Sri Lanka
Records
63
Source