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

Exports of goods and services (% of GDP) in Ireland was 131.11 as of 2020. Its highest value over the past 50 years was 131.11 in 2020, while its lowest value was 30.94 in 1972.

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 33.09
1971 32.32
1972 30.94
1973 34.02
1974 38.11
1975 38.22
1976 41.41
1977 44.22
1978 44.70
1979 44.51
1980 44.36
1981 43.38
1982 43.04
1983 46.95
1984 53.31
1985 54.04
1986 49.10
1987 52.44
1988 55.59
1989 58.93
1990 54.71
1991 55.58
1992 58.41
1993 63.37
1994 67.96
1995 73.52
1996 74.91
1997 77.12
1998 84.32
1999 86.46
2000 94.39
2001 95.22
2002 90.45
2003 80.84
2004 80.48
2005 79.53
2006 79.03
2007 80.84
2008 84.33
2009 93.56
2010 103.25
2011 103.27
2012 104.27
2013 103.81
2014 109.96
2015 121.98
2016 121.54
2017 121.13
2018 122.99
2019 127.93
2020 131.11

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