El Salvador - Exports of goods and services (% of GDP)

Exports of goods and services (% of GDP) in El Salvador was 25.53 as of 2020. Its highest value over the past 55 years was 38.17 in 1977, while its lowest value was 13.24 in 1989.

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
1965 26.39
1966 24.66
1967 25.64
1968 25.35
1969 23.19
1970 24.83
1971 24.63
1972 29.10
1973 29.96
1974 32.42
1975 33.05
1976 35.54
1977 38.17
1978 30.27
1979 36.97
1980 34.16
1981 26.68
1982 22.78
1983 24.49
1984 21.75
1985 22.32
1986 24.67
1987 18.99
1988 15.81
1989 13.24
1990 18.50
1991 17.23
1992 16.13
1993 19.37
1994 19.92
1995 21.55
1996 21.14
1997 26.02
1998 24.39
1999 24.40
2000 26.83
2001 25.01
2002 25.51
2003 25.92
2004 25.91
2005 25.27
2006 25.94
2007 25.57
2008 26.74
2009 23.95
2010 26.95
2011 28.98
2012 28.57
2013 29.72
2014 29.55
2015 29.49
2016 28.46
2017 29.03
2018 28.93
2019 29.68
2020 25.53

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