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

Exports of goods and services (% of GDP) in Guyana was 84.62 as of 2005. Its highest value over the past 45 years was 125.75 in 1992, while its lowest value was 44.16 in 1984.

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 48.73
1961 52.07
1962 56.64
1963 62.93
1964 57.11
1965 55.26
1966 54.99
1967 57.44
1968 58.24
1969 59.25
1970 56.46
1971 58.41
1972 57.47
1973 52.19
1974 68.35
1975 74.88
1976 66.08
1977 63.21
1978 63.08
1979 59.81
1980 81.29
1981 68.92
1982 52.78
1983 45.88
1984 44.16
1985 48.09
1986 46.30
1987 79.57
1988 63.63
1989 66.34
1990 62.71
1991 102.31
1992 125.75
1993 114.32
1994 104.95
1995 101.21
1996 102.62
1997 99.66
1998 95.93
1999 96.51
2000 96.08
2001 92.87
2002 92.30
2003 89.68
2004 95.56
2005 84.62

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