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

Exports of goods and services (% of GDP) in Finland was 36.21 as of 2020. Its highest value over the past 50 years was 44.90 in 2008, while its lowest value was 21.27 in 1991.

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
1970 23.87
1971 22.57
1972 23.65
1973 23.60
1974 25.68
1975 22.13
1976 23.55
1977 26.85
1978 27.86
1979 29.58
1980 30.82
1981 31.29
1982 28.87
1983 28.70
1984 29.49
1985 27.99
1986 25.65
1987 25.00
1988 23.91
1989 23.02
1990 22.15
1991 21.27
1992 25.54
1993 31.38
1994 34.04
1995 35.76
1996 36.32
1997 37.78
1998 37.44
1999 37.60
2000 42.03
2001 39.76
2002 39.14
2003 37.32
2004 38.62
2005 40.27
2006 43.07
2007 43.83
2008 44.90
2009 36.08
2010 38.41
2011 38.90
2012 38.81
2013 38.02
2014 36.48
2015 35.41
2016 34.81
2017 37.55
2018 38.47
2019 39.88
2020 36.21

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