Uganda | 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 Uganda
Records
63
Source
Uganda | Exports of goods and services (% of GDP)
1960 27.32945112
1961 24.41822921
1962 24.10740549
1963 28.29093937
1964 29.8978575
1965 25.57771447
1966 25.56732224
1967 25.3003329
1968 23.94062078
1969 21.52869294
1970 23.35222852
1971 19.81626
1972 19.38967136
1973 16.5514972
1974 14.71946746
1975 8.65040497
1976 11.38806031
1977 9.15264423
1978 13.65285812
1979 19.40136277
1980 19.44384185
1981 16.07717042
1982 8.38117107
1983 8.65942568
1984 12.69242264
1985 13.73852487
1986 12.81011212
1987 8.24709875
1988 7.57267131
1989 7.9544007
1990 7.24072086
1991 7.46443031
1992 8.7610888
1993 7.06252298
1994 8.74053183
1995 11.79199233
1996 11.96111327
1997 13.35951368
1998 9.63904759
1999 12.2515739
2000 10.65140929
2001 11.51808264
2002 11.21327917
2003 11.38672483
2004 12.69688075
2005 14.17969998
2006 15.27541338
2007 16.72506853
2008 24.28014234
2009 18.61356631
2010 13.82448287
2011 12.85572394
2012 15.49172877
2013 16.51303567
2014 14.94821091
2015 12.87732531
2016 12.42716442
2017 16.66112942
2018 15.08705306
2019 17.10905802
2020 15.41479854
2021 15.78100817
2022 12.02199543

Uganda | 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 Uganda
Records
63
Source