IDA blend - Exports of goods and services (% of GDP)

Exports of goods and services (% of GDP) in IDA blend was 12.43 as of 2020. Its highest value over the past 60 years was 27.84 in 2011, while its lowest value was 10.62 in 1982.

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 11.75
1961 11.28
1962 11.30
1963 12.42
1964 12.61
1965 12.72
1966 12.42
1967 12.24
1968 12.46
1969 12.68
1970 11.61
1971 12.76
1972 12.95
1973 19.26
1974 25.77
1975 19.79
1976 19.47
1977 23.42
1978 19.80
1979 23.09
1980 27.27
1981 11.99
1982 10.62
1983 11.15
1984 13.05
1985 13.34
1986 13.42
1987 16.84
1988 16.36
1989 22.63
1990 21.54
1991 23.21
1992 23.62
1993 22.00
1994 21.47
1995 24.98
1996 24.86
1997 26.14
1998 21.71
1999 21.84
2000 26.37
2001 24.36
2002 22.76
2003 24.85
2004 22.14
2005 22.75
2006 27.11
2007 22.41
2008 25.25
2009 19.84
2010 24.30
2011 27.84
2012 26.57
2013 19.07
2014 18.66
2015 13.07
2016 11.70
2017 13.82
2018 15.88
2019 16.07
2020 12.43

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