Bangladesh - Exports of goods and services (% of GDP)

Exports of goods and services (% of GDP) in Bangladesh was 11.99 as of 2020. Its highest value over the past 60 years was 20.16 in 2012, while its lowest value was 2.90 in 1975.

Definition: 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.

Source: World Bank national accounts data, and OECD National Accounts data files.

See also:

Year Value
1960 10.00
1961 10.78
1962 10.75
1963 9.98
1964 10.03
1965 9.66
1966 10.28
1967 9.31
1968 8.33
1969 8.15
1970 8.31
1971 6.29
1972 5.67
1973 6.54
1974 3.70
1975 2.90
1976 4.75
1977 7.04
1978 5.56
1979 6.11
1980 5.49
1981 5.13
1982 5.08
1983 5.60
1984 3.40
1985 5.38
1986 5.18
1987 4.99
1988 5.43
1989 5.54
1990 5.91
1991 6.66
1992 7.59
1993 9.02
1994 9.00
1995 10.86
1996 9.71
1997 10.52
1998 11.76
1999 11.76
2000 12.34
2001 13.39
2002 12.41
2003 11.43
2004 11.15
2005 14.39
2006 16.35
2007 17.00
2008 17.66
2009 16.94
2010 16.02
2011 19.92
2012 20.16
2013 19.54
2014 18.99
2015 17.34
2016 16.65
2017 15.04
2018 14.80
2019 15.32
2020 11.99

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.

Aggregation method: Weighted average

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts