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

Exports of goods and services (% of GDP) in Thailand was 51.46 as of 2020. Its highest value over the past 60 years was 71.42 in 2008, while its lowest value was 15.02 in 1970.

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 16.14
1961 17.34
1962 15.69
1963 15.13
1964 17.35
1965 16.86
1966 17.61
1967 18.16
1968 16.94
1969 16.06
1970 15.02
1971 15.99
1972 18.19
1973 18.60
1974 21.59
1975 18.36
1976 20.24
1977 19.96
1978 19.89
1979 22.57
1980 24.11
1981 23.85
1982 22.92
1983 20.11
1984 21.90
1985 23.21
1986 25.60
1987 28.89
1988 33.01
1989 34.92
1990 34.13
1991 35.96
1992 36.97
1993 36.82
1994 38.24
1995 41.53
1996 39.02
1997 48.24
1998 57.94
1999 56.44
2000 64.84
2001 63.25
2002 60.65
2003 61.52
2004 65.97
2005 68.40
2006 68.68
2007 68.87
2008 71.42
2009 64.44
2010 66.49
2011 70.85
2012 68.95
2013 67.17
2014 68.39
2015 67.64
2016 67.07
2017 66.67
2018 64.86
2019 59.49
2020 51.46

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