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

Exports of goods and services (% of GDP) in Indonesia was 17.17 as of 2020. Its highest value over the past 60 years was 52.97 in 1998, while its lowest value was 5.17 in 1962.

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 11.53
1961 11.06
1962 5.17
1963 9.07
1964 12.25
1965 5.28
1966 12.76
1967 8.78
1968 10.87
1969 9.01
1970 12.84
1971 14.42
1972 16.52
1973 20.05
1974 29.00
1975 22.55
1976 22.17
1977 23.49
1978 21.87
1979 30.07
1980 30.47
1981 27.63
1982 22.38
1983 27.75
1984 27.31
1985 23.78
1986 20.50
1987 24.58
1988 25.04
1989 26.09
1990 27.31
1991 28.35
1992 30.31
1993 26.75
1994 26.51
1995 26.31
1996 25.82
1997 27.86
1998 52.97
1999 35.51
2000 40.98
2001 39.03
2002 32.69
2003 30.48
2004 32.22
2005 34.07
2006 31.03
2007 29.44
2008 29.81
2009 24.16
2010 24.30
2011 26.33
2012 24.59
2013 23.92
2014 23.67
2015 21.16
2016 19.09
2017 20.18
2018 21.00
2019 18.45
2020 17.17

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