Burkina Faso - Exports of goods and services (current US$)

The latest value for Exports of goods and services (current US$) in Burkina Faso was $4,467,780,000 as of 2019. Over the past 59 years, the value for this indicator has fluctuated between $4,467,780,000 in 2019 and $11,484,230 in 1964.

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 current U.S. dollars.

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

See also:

Year Value
1960 $16,066,020
1961 $19,014,520
1962 $20,997,590
1963 $21,985,460
1964 $11,484,230
1965 $19,676,610
1966 $21,918,950
1967 $22,215,440
1968 $28,569,260
1969 $27,823,650
1970 $25,007,060
1971 $26,587,930
1972 $37,028,540
1973 $42,590,340
1974 $62,500,020
1975 $69,071,580
1976 $80,128,160
1977 $90,048,510
1978 $110,202,800
1979 $144,182,100
1980 $172,630,400
1981 $164,734,400
1982 $143,789,700
1983 $126,168,400
1984 $160,016,200
1985 $154,030,000
1986 $183,075,100
1987 $269,185,200
1988 $287,730,500
1989 $228,834,200
1990 $340,110,100
1991 $327,535,400
1992 $296,949,200
1993 $286,407,900
1994 $269,162,000
1995 $336,477,100
1996 $273,233,000
1997 $264,655,000
1998 $359,254,800
1999 $283,164,600
2000 $262,543,900
2001 $288,539,800
2002 $321,134,600
2003 $437,119,300
2004 $593,230,300
2005 $604,914,700
2006 $717,391,900
2007 $789,151,200
2008 $959,257,200
2009 $1,303,154,000
2010 $2,074,074,000
2011 $3,164,494,000
2012 $3,340,990,000
2013 $3,640,312,000
2014 $3,755,134,000
2015 $3,089,098,000
2016 $3,325,890,000
2017 $3,731,626,000
2018 $4,461,756,000
2019 $4,467,780,000

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

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts