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

Exports of goods and services (% of GDP) in IDA total was 16.87 as of 2020. Its highest value over the past 45 years was 28.54 in 2006, while its lowest value was 11.98 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
1975 16.23
1976 17.92
1977 19.94
1978 17.46
1979 19.92
1980 22.41
1981 13.40
1982 11.98
1983 12.53
1984 13.91
1985 13.92
1986 13.79
1987 15.61
1988 15.18
1989 19.17
1990 18.97
1991 19.56
1992 20.77
1993 20.41
1994 22.74
1995 24.72
1996 24.33
1997 24.95
1998 22.86
1999 23.10
2000 25.61
2001 25.39
2002 25.37
2003 24.84
2004 25.69
2005 26.56
2006 28.54
2007 26.47
2008 27.72
2009 22.99
2010 25.82
2011 26.53
2012 25.23
2013 21.07
2014 20.81
2015 17.10
2016 16.57
2017 18.05
2018 19.50
2019 19.63
2020 16.87

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