Upper middle income | 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
Upper middle income
Records
63
Source
Upper middle income | Exports of goods and services (% of GDP)
1960 9.27564611
1961 9.60349568
1962 9.98922888
1963 9.82880682
1964 9.34443243
1965 8.90087643
1966 8.63694041
1967 8.67106857
1968 9.05183171
1969 8.75237766
1970 8.50151265
1971 8.9389097
1972 9.50375753
1973 10.84758395
1974 13.45667175
1975 11.87077691
1976 13.16962817
1977 13.73751112
1978 13.60396009
1979 15.24230177
1980 16.55591767
1981 14.23771526
1982 15.02351593
1983 15.53040134
1984 16.0408853
1985 16.45741267
1986 15.88403306
1987 17.72993618
1988 18.34107626
1989 19.03116111
1990 17.68585668
1991 17.32096774
1992 25.93274093
1993 19.95850609
1994 20.22588995
1995 21.17834302
1996 20.86130342
1997 21.5495724
1998 21.74771106
1999 23.81235499
2000 26.12648859
2001 25.41142111
2002 27.27571341
2003 29.02321793
2004 31.08887357
2005 31.80017515
2006 32.54498382
2007 31.6888002
2008 31.3938494
2009 25.87125618
2010 27.05058737
2011 27.31035041
2012 26.91432211
2013 25.93341279
2014 25.33355455
2015 23.99242807
2016 22.67087263
2017 23.04877305
2018 23.8779151
2019 23.07843893
2020 22.17787201
2021 24.72976588
2022 26.0946816

Upper middle income | 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
Upper middle income
Records
63
Source