Costa Rica - Exports of goods and services (% of GDP)

Exports of goods and services (% of GDP) in Costa Rica was 31.51 as of 2020. Its highest value over the past 60 years was 45.08 in 1982, while its lowest value was 20.86 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 21.19
1961 20.86
1962 22.72
1963 22.09
1964 24.42
1965 22.56
1966 24.78
1967 24.88
1968 27.77
1969 26.60
1970 27.84
1971 26.79
1972 30.23
1973 30.80
1974 33.14
1975 30.06
1976 28.91
1977 30.87
1978 28.18
1979 26.92
1980 26.48
1981 43.27
1982 45.08
1983 36.04
1984 34.38
1985 30.72
1986 31.34
1987 31.63
1988 34.02
1989 34.85
1990 34.19
1991 33.41
1992 35.28
1993 36.04
1994 35.88
1995 38.13
1996 40.01
1997 41.61
1998 43.96
1999 42.56
2000 42.93
2001 40.51
2002 39.22
2003 40.67
2004 42.21
2005 43.46
2006 43.31
2007 40.58
2008 38.81
2009 34.63
2010 32.83
2011 32.47
2012 31.65
2013 30.59
2014 31.36
2015 30.00
2016 31.26
2017 32.76
2018 33.74
2019 34.00
2020 31.51

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