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

Exports of goods and services (% of GDP) in Peru was 22.33 as of 2020. Its highest value over the past 60 years was 31.52 in 2007, while its lowest value was 10.56 in 1975.

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 20.21
1961 20.81
1962 19.97
1963 18.45
1964 18.51
1965 15.67
1966 15.56
1967 15.42
1968 18.11
1969 17.47
1970 17.42
1971 13.84
1972 13.75
1973 13.33
1974 14.11
1975 10.56
1976 11.73
1977 15.47
1978 20.18
1979 27.01
1980 25.52
1981 18.56
1982 18.82
1983 21.74
1984 21.82
1985 26.15
1986 16.44
1987 12.67
1988 15.10
1989 11.33
1990 15.70
1991 12.20
1992 12.51
1993 12.45
1994 12.77
1995 12.60
1996 13.32
1997 14.48
1998 13.70
1999 15.40
2000 16.77
2001 16.60
2002 17.27
2003 19.01
2004 22.91
2005 26.85
2006 30.54
2007 31.52
2008 29.73
2009 26.44
2010 27.83
2011 30.50
2012 27.45
2013 24.81
2014 22.61
2015 21.29
2016 22.60
2017 24.72
2018 25.19
2019 23.90
2020 22.33

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