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

Exports of goods and services (% of GDP) in Canada was 29.36 as of 2020. Its highest value over the past 59 years was 44.21 in 2000, while its lowest value was 17.62 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
1961 17.63
1962 17.62
1963 17.98
1964 19.03
1965 18.34
1966 19.11
1967 20.00
1968 20.89
1969 20.91
1970 21.92
1971 21.07
1972 21.29
1973 22.77
1974 24.07
1975 22.03
1976 21.76
1977 22.78
1978 24.61
1979 26.42
1980 27.60
1981 26.47
1982 25.28
1983 25.02
1984 28.04
1985 27.65
1986 27.10
1987 26.11
1988 26.16
1989 25.14
1990 25.16
1991 24.44
1992 26.29
1993 29.24
1994 32.88
1995 36.21
1996 37.22
1997 38.13
1998 40.03
1999 41.86
2000 44.21
2001 42.04
2002 40.06
2003 36.87
2004 37.33
2005 36.86
2006 35.40
2007 34.23
2008 34.40
2009 28.52
2010 29.17
2011 30.68
2012 30.35
2013 30.33
2014 31.74
2015 31.85
2016 31.50
2017 31.45
2018 32.28
2019 31.91
2020 29.36

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