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

Exports of goods and services (% of GDP) in Sweden was 44.56 as of 2020. Its highest value over the past 60 years was 49.09 in 2008, while its lowest value was 19.20 in 1967.

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 20.93
1961 20.32
1962 19.92
1963 19.96
1964 20.30
1965 19.88
1966 19.49
1967 19.20
1968 19.61
1969 20.78
1970 21.95
1971 22.17
1972 22.04
1973 24.97
1974 29.35
1975 25.65
1976 25.19
1977 24.96
1978 25.72
1979 27.70
1980 27.16
1981 27.83
1982 30.11
1983 33.05
1984 33.68
1985 32.66
1986 30.47
1987 30.09
1988 29.81
1989 29.58
1990 27.92
1991 26.09
1992 25.96
1993 30.41
1994 33.60
1995 37.12
1996 36.03
1997 39.13
1998 40.02
1999 40.11
2000 43.26
2001 42.92
2002 41.25
2003 40.33
2004 42.69
2005 45.02
2006 47.49
2007 47.61
2008 49.09
2009 43.45
2010 44.68
2011 45.27
2012 45.03
2013 42.53
2014 43.27
2015 43.77
2016 42.69
2017 43.73
2018 45.68
2019 47.81
2020 44.56

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