Belize - Exports of goods and services (constant 2010 US$)

The latest value for Exports of goods and services (constant 2010 US$) in Belize was 835,876,200 as of 2020. Over the past 40 years, the value for this indicator has fluctuated between 1,046,601,000 in 2018 and 110,583,600 in 1980.

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. Data are in constant 2010 U.S. dollars.

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

See also:

Year Value
1980 110,583,600
1981 165,254,000
1982 120,344,100
1983 114,752,900
1984 159,912,200
1985 148,160,600
1986 170,854,600
1987 199,623,300
1988 215,915,900
1989 237,628,000
1990 259,612,900
1991 253,496,000
1992 328,208,300
1993 338,142,000
1994 361,266,300
1995 342,759,400
1996 361,064,400
1997 408,593,200
1998 429,470,800
1999 478,748,700
2000 527,663,600
2001 553,606,000
2002 606,613,400
2003 686,678,900
2004 725,995,600
2005 800,936,200
2006 987,643,400
2007 854,492,200
2008 888,764,200
2009 801,967,200
2010 914,345,900
2011 940,479,600
2012 998,417,300
2013 1,035,902,000
2014 1,021,026,000
2015 1,013,861,000
2016 917,198,000
2017 973,504,300
2018 1,046,601,000
2019 972,863,900
2020 835,876,200

Development Relevance: An economy's growth is measured by the change in the volume of its output or in the real incomes of its residents. The 2008 United Nations System of National Accounts (2008 SNA) offers three plausible indicators for calculating growth: the volume of gross domestic product (GDP), real gross domestic income, and real gross national income. The volume of GDP is the sum of value added, measured at constant prices, by households, government, and industries operating in the economy. GDP accounts for all domestic production, regardless of whether the income accrues to domestic or foreign institutions.

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: Gap-filled total

Base Period: 2010

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts