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

Exports of goods and services (% of GDP) in Bolivia was 20.37 as of 2020. Its highest value over the past 60 years was 47.17 in 2012, while its lowest value was 15.15 in 1962.

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 16.21
1961 16.40
1962 15.15
1963 16.98
1964 20.30
1965 21.46
1966 21.26
1967 22.50
1968 19.78
1969 20.42
1970 24.60
1971 21.39
1972 21.11
1973 27.71
1974 35.29
1975 25.94
1976 27.68
1977 26.77
1978 22.60
1979 24.17
1980 24.32
1981 23.61
1982 29.05
1983 28.34
1984 23.65
1985 19.05
1986 21.33
1987 19.74
1988 18.77
1989 22.50
1990 22.78
1991 21.48
1992 20.05
1993 19.08
1994 21.66
1995 22.55
1996 22.58
1997 21.11
1998 19.70
1999 16.88
2000 18.27
2001 19.97
2002 21.63
2003 25.60
2004 31.14
2005 35.55
2006 41.77
2007 41.80
2008 44.91
2009 35.72
2010 41.19
2011 44.09
2012 47.17
2013 44.09
2014 43.29
2015 30.87
2016 24.49
2017 24.90
2018 25.99
2019 24.97
2020 20.37

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