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

Exports of goods and services (% of GDP) in Ghana was 32.22 as of 2020. Its highest value over the past 60 years was 48.80 in 2000, while its lowest value was 3.34 in 1982.

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 28.19
1961 26.13
1962 24.21
1963 21.18
1964 19.90
1965 17.12
1966 14.62
1967 17.42
1968 20.35
1969 19.74
1970 21.34
1971 15.76
1972 20.71
1973 21.45
1974 18.33
1975 19.36
1976 15.71
1977 10.50
1978 8.36
1979 11.23
1980 8.47
1981 4.76
1982 3.34
1983 5.56
1984 8.04
1985 10.65
1986 16.58
1987 19.66
1988 18.18
1989 16.74
1990 16.88
1991 16.96
1992 17.23
1993 20.25
1994 25.26
1995 24.50
1996 32.11
1997 32.41
1998 33.87
1999 32.08
2000 48.80
2001 45.23
2002 42.62
2003 40.68
2004 39.30
2005 36.45
2006 25.19
2007 24.53
2008 25.03
2009 29.29
2010 29.48
2011 36.94
2012 40.36
2013 25.44
2014 28.23
2015 33.83
2016 31.19
2017 33.88
2018 33.45
2019 37.45
2020 32.22

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