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

Exports of goods and services (% of GDP) in Greece was 31.98 as of 2020. Its highest value over the past 60 years was 40.13 in 2019, while its lowest value was 7.65 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.

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

See also:

Year Value
1960 9.90
1961 9.48
1962 8.35
1963 9.07
1964 7.65
1965 7.65
1966 9.35
1967 8.99
1968 7.99
1969 7.70
1970 7.88
1971 8.16
1972 9.13
1973 11.64
1974 14.22
1975 14.14
1976 14.05
1977 13.98
1978 13.65
1979 15.17
1980 19.32
1981 21.39
1982 17.21
1983 16.48
1984 16.80
1985 16.13
1986 17.69
1987 18.12
1988 16.31
1989 15.95
1990 14.78
1991 14.20
1992 14.88
1993 14.05
1994 14.45
1995 14.43
1996 14.29
1997 16.22
1998 16.30
1999 19.26
2000 23.72
2001 22.79
2002 20.11
2003 18.54
2004 20.71
2005 21.31
2006 21.17
2007 22.52
2008 23.36
2009 18.98
2010 21.80
2011 25.49
2012 28.74
2013 30.21
2014 32.49
2015 32.13
2016 31.29
2017 35.03
2018 38.99
2019 40.13
2020 31.98

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