Antigua and Barbuda - Exports of goods and services (% of GDP)

Exports of goods and services (% of GDP) in Antigua and Barbuda was 43.70 as of 2020. Its highest value over the past 27 years was 143.21 in 1993, while its lowest value was 43.70 in 2020.

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
1993 143.21
1994 129.23
1995 121.42
1996 110.85
1997 113.67
1998 111.71
1999 107.70
2000 98.60
2001 97.09
2002 91.69
2003 94.28
2004 101.33
2005 93.03
2006 82.64
2007 77.28
2008 79.66
2009 79.80
2010 79.59
2011 82.50
2012 79.02
2013 80.59
2014 82.20
2015 76.04
2016 72.61
2017 67.74
2018 64.52
2019 70.88
2020 43.70

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