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

Exports of goods and services (% of GDP) in Bhutan was 29.79 as of 2020. Its highest value over the past 40 years was 56.28 in 2007, while its lowest value was 12.74 in 1983.

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
1980 14.38
1981 16.24
1982 14.43
1983 12.74
1984 13.64
1985 15.81
1986 18.57
1987 24.56
1988 29.27
1989 29.24
1990 27.96
1991 33.46
1992 33.40
1993 32.86
1994 30.88
1995 39.41
1996 37.01
1997 37.30
1998 34.33
1999 32.65
2000 30.39
2001 27.14
2002 24.61
2003 26.29
2004 31.94
2005 39.30
2006 55.83
2007 56.28
2008 50.00
2009 45.82
2010 43.48
2011 42.20
2012 39.65
2013 41.43
2014 37.45
2015 34.44
2016 29.62
2017 30.08
2018 30.82
2019 33.94
2020 29.79

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