Puerto Rico - Exports of goods and services (% of GDP)

Exports of goods and services (% of GDP) in Puerto Rico was 60.02 as of 2018. Its highest value over the past 47 years was 73.74 in 2003, while its lowest value was 31.19 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
1971 31.82
1972 31.19
1973 35.21
1974 43.45
1975 38.28
1976 37.31
1977 45.20
1978 42.70
1979 47.32
1980 48.58
1981 50.72
1982 52.98
1983 49.32
1984 47.73
1985 51.97
1986 52.58
1987 50.23
1988 52.88
1989 58.08
1990 63.08
1991 66.04
1992 60.79
1993 53.60
1994 54.81
1995 55.83
1996 50.60
1997 49.70
1998 55.97
1999 60.34
2000 62.34
2001 67.77
2002 65.86
2003 73.74
2004 68.57
2005 67.38
2006 68.88
2007 67.03
2008 68.30
2009 63.09
2010 62.67
2011 64.05
2012 57.45
2013 60.87
2014 60.82
2015 67.20
2016 68.76
2017 68.72
2018 60.02

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