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

Exports of goods and services (% of GDP) in Albania was 23.11 as of 2020. Its highest value over the past 40 years was 31.57 in 2018, while its lowest value was 7.48 in 1991.

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
1980 23.96
1981 23.81
1982 20.07
1983 18.85
1984 18.04
1985 16.82
1986 15.61
1987 16.03
1988 16.98
1989 18.59
1990 15.41
1991 7.48
1992 12.50
1993 15.98
1994 11.98
1995 12.64
1996 11.62
1997 10.20
1998 11.47
1999 16.84
2000 20.12
2001 21.33
2002 20.95
2003 20.85
2004 22.22
2005 23.01
2006 25.21
2007 28.25
2008 25.30
2009 25.24
2010 27.98
2011 29.24
2012 28.94
2013 28.92
2014 28.21
2015 27.27
2016 28.98
2017 31.57
2018 31.57
2019 31.31
2020 23.11

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