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

Exports of goods and services (% of GDP) in Iraq was 37.82 as of 2019. Its highest value over the past 49 years was 77.90 in 1998, while its lowest value was 0.01 in 1995.

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
1970 37.33
1971 43.65
1972 36.93
1973 46.33
1974 61.04
1975 52.33
1976 57.37
1977 56.20
1978 56.68
1979 62.45
1980 63.49
1981 31.62
1982 26.35
1983 24.62
1984 25.66
1985 25.14
1986 16.50
1987 23.22
1988 19.69
1989 21.97
1990 7.70
1991 1.29
1992 0.58
1993 0.08
1994 0.04
1995 0.01
1996 0.01
1997 63.85
1998 77.90
1999 77.63
2000 75.70
2001 65.27
2002 70.57
2003 77.39
2004 56.27
2005 54.35
2006 51.03
2007 45.90
2008 50.33
2009 39.40
2010 39.42
2011 44.42
2012 44.51
2013 39.66
2014 38.94
2015 34.51
2016 28.11
2017 33.92
2018 40.80
2019 37.82

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