Central African Republic - Exports of goods and services (% of GDP)

Exports of goods and services (% of GDP) in Central African Republic was 16.41 as of 2020. Its highest value over the past 60 years was 34.31 in 1968, while its lowest value was 9.84 in 2009.

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 23.27
1961 26.49
1962 24.59
1963 25.24
1964 28.45
1965 27.10
1966 28.35
1967 26.30
1968 34.31
1969 27.33
1970 31.94
1971 29.80
1972 24.93
1973 28.62
1974 27.74
1975 21.13
1976 22.19
1977 25.20
1978 23.42
1979 22.43
1980 25.22
1981 24.38
1982 22.18
1983 24.15
1984 23.39
1985 22.01
1986 18.19
1987 17.84
1988 17.74
1989 20.30
1990 17.07
1991 17.59
1992 16.87
1993 17.10
1994 23.40
1995 22.22
1996 21.47
1997 26.88
1998 22.66
1999 19.22
2000 20.37
2001 17.16
2002 15.96
2003 18.24
2004 14.00
2005 13.36
2006 14.32
2007 14.12
2008 11.00
2009 9.84
2010 11.63
2011 13.13
2012 11.55
2013 14.97
2014 16.68
2015 17.07
2016 14.82
2017 17.26
2018 18.88
2019 16.41
2020 16.41

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