Dominican Republic - Exports of goods and services (% of GDP)

Exports of goods and services (% of GDP) in Dominican Republic was 18.30 as of 2020. Its highest value over the past 60 years was 42.15 in 2003, while its lowest value was 16.30 in 1965.

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 25.59
1961 23.25
1962 23.87
1963 20.73
1964 19.70
1965 16.30
1966 16.34
1967 18.08
1968 18.49
1969 18.48
1970 17.95
1971 18.01
1972 21.28
1973 22.56
1974 25.62
1975 28.88
1976 22.29
1977 21.07
1978 18.65
1979 22.03
1980 20.35
1981 21.61
1982 16.44
1983 16.98
1984 21.73
1985 26.16
1986 22.94
1987 25.53
1988 34.48
1989 30.67
1990 30.61
1991 40.08
1992 36.80
1993 36.39
1994 36.21
1995 35.23
1996 34.89
1997 35.22
1998 34.31
1999 34.98
2000 35.50
2001 31.89
2002 30.72
2003 42.15
2004 41.15
2005 28.33
2006 28.22
2007 26.76
2008 23.91
2009 21.03
2010 22.68
2011 24.19
2012 24.58
2013 25.17
2014 25.15
2015 23.76
2016 23.91
2017 23.68
2018 23.55
2019 23.07
2020 18.30

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