Cabo Verde - Exports of goods and services (% of GDP)

Exports of goods and services (% of GDP) in Cabo Verde was 24.85 as of 2020. Its highest value over the past 40 years was 50.65 in 2019, while its lowest value was 13.26 in 1993.

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 17.07
1981 21.47
1982 22.93
1983 24.63
1984 22.77
1985 22.64
1986 17.61
1987 18.10
1988 16.71
1989 19.23
1990 17.13
1991 16.56
1992 17.28
1993 13.26
1994 15.05
1995 17.14
1996 20.20
1997 27.44
1998 22.80
1999 20.98
2000 27.01
2001 29.81
2002 32.54
2003 31.36
2004 32.00
2005 37.78
2006 45.13
2007 36.02
2008 36.90
2009 31.08
2010 32.67
2011 35.52
2012 40.43
2013 40.49
2014 40.36
2015 44.91
2016 44.23
2017 45.92
2018 48.95
2019 50.65
2020 24.85

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