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

Exports of goods and services (% of GDP) in Fiji was 27.24 as of 2020. Its highest value over the past 40 years was 65.39 in 2000, while its lowest value was 27.24 in 2020.

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
1980 48.54
1981 43.03
1982 43.23
1983 43.61
1984 42.83
1985 44.33
1986 41.66
1987 45.31
1988 56.36
1989 62.67
1990 62.34
1991 57.31
1992 51.90
1993 52.36
1994 56.41
1995 55.30
1996 62.86
1997 61.15
1998 60.94
1999 61.20
2000 65.39
2001 60.95
2002 61.80
2003 60.27
2004 54.20
2005 54.07
2006 50.08
2007 48.60
2008 53.28
2009 46.61
2010 57.43
2011 59.28
2012 61.11
2013 56.87
2014 52.33
2015 48.84
2016 46.65
2017 45.98
2018 47.91
2019 48.13
2020 27.24

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