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

Exports of goods and services (% of GDP) in Congo was 54.23 as of 2020. Its highest value over the past 60 years was 81.52 in 2002, while its lowest value was 19.46 in 1961.

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 20.45
1961 19.46
1962 30.49
1963 36.47
1964 38.15
1965 36.01
1966 29.89
1967 30.48
1968 30.39
1969 32.08
1970 34.74
1971 32.58
1972 28.31
1973 31.62
1974 53.23
1975 35.89
1976 40.38
1977 45.59
1978 43.72
1979 47.41
1980 60.02
1981 58.02
1982 55.27
1983 57.95
1984 61.63
1985 56.79
1986 39.83
1987 41.73
1988 40.62
1989 48.52
1990 51.78
1991 41.63
1992 40.69
1993 42.84
1994 58.52
1995 64.70
1996 68.46
1997 75.60
1998 76.28
1999 72.29
2000 80.30
2001 77.42
2002 81.52
2003 80.81
2004 80.53
2005 75.01
2006 77.46
2007 68.49
2008 73.40
2009 64.48
2010 68.53
2011 73.61
2012 58.08
2013 52.93
2014 53.15
2015 42.73
2016 45.00
2017 58.06
2018 71.03
2019 73.79
2020 54.23

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