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

Exports of goods and services (% of GDP) in Eswatini was 45.02 as of 2020. Its highest value over the past 60 years was 84.11 in 1989, while its lowest value was 34.83 in 2011.

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 48.29
1961 41.97
1962 47.86
1963 59.23
1964 53.86
1965 65.94
1966 73.22
1967 73.60
1968 75.61
1969 64.94
1970 69.91
1971 67.83
1972 67.02
1973 70.39
1974 81.51
1975 72.94
1976 75.70
1977 65.39
1978 62.93
1979 62.90
1980 74.60
1981 75.18
1982 66.39
1983 62.13
1984 55.50
1985 56.67
1986 68.77
1987 81.85
1988 76.87
1989 84.11
1990 59.02
1991 59.26
1992 57.35
1993 57.29
1994 63.68
1995 60.02
1996 59.35
1997 61.35
1998 67.17
1999 65.00
2000 71.27
2001 73.97
2002 81.04
2003 83.77
2004 71.54
2005 56.78
2006 55.84
2007 61.07
2008 52.95
2009 49.59
2010 46.47
2011 34.83
2012 36.69
2013 40.53
2014 43.85
2015 43.11
2016 44.06
2017 43.51
2018 40.44
2019 45.65
2020 45.02

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