Thailand | 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 Thailand
Records
63
Source
Thailand | Exports of goods and services (% of GDP)
16.1446432 1960
17.33547566 1961
15.68676283 1962
15.13425622 1963
17.35483085 1964
16.85509512 1965
17.61438131 1966
18.1616647 1967
16.93876797 1968
16.06169615 1969
15.02035283 1970
15.98891781 1971
18.18930055 1972
18.60288186 1973
21.58918291 1974
18.36300781 1975
20.23520889 1976
19.95836395 1977
19.8857021 1978
22.5711224 1979
24.11144779 1980
23.84738164 1981
22.91790665 1982
20.11120637 1983
21.90138308 1984
23.2136294 1985
25.6017967 1986
28.89401099 1987
33.01196847 1988
34.92152805 1989
34.13192824 1990
35.96430952 1991
36.97247567 1992
36.81728956 1993
38.24211391 1994
41.53234507 1995
39.0184202 1996
48.23705871 1997
57.93730284 1998
56.43854286 1999
64.84025074 2000
63.25068976 2001
60.6457526 2002
61.52255163 2003
65.97185734 2004
68.4027169 2005
68.67534203 2006
68.87227517 2007
71.41641811 2008
64.43861249 2009
66.48617316 2010
70.85490938 2011
68.95123563 2012
67.17114107 2013
68.39413516 2014
67.63669027 2015
67.07088397 2016
66.67283247 2017
64.8380969 2018
59.51889062 2019
51.49490337 2020
58.63799289 2021
65.77942867 2022
Thailand | 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 Thailand
Records
63
Source