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

Exports of goods and services (% of GDP) in Jamaica was 37.90 as of 2020. Its highest value over the past 60 years was 62.27 in 1992, while its lowest value was 29.05 in 1976.

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 33.24
1961 33.30
1962 33.02
1963 34.17
1964 33.46
1965 33.28
1966 37.45
1967 36.05
1968 36.84
1969 36.76
1970 33.23
1971 33.82
1972 32.78
1973 31.55
1974 35.68
1975 35.26
1976 29.05
1977 29.77
1978 40.55
1979 49.81
1980 51.07
1981 47.19
1982 38.04
1983 35.70
1984 55.58
1985 55.86
1986 48.84
1987 46.60
1988 43.63
1989 43.61
1990 48.06
1991 50.21
1992 62.27
1993 44.08
1994 55.56
1995 51.28
1996 45.25
1997 40.59
1998 38.43
1999 39.04
2000 38.79
2001 35.56
2002 32.76
2003 36.61
2004 37.54
2005 35.27
2006 40.13
2007 39.73
2008 41.94
2009 34.48
2010 31.34
2011 30.37
2012 30.18
2013 30.58
2014 31.25
2015 29.92
2016 31.81
2017 34.66
2018 38.56
2019 38.04
2020 37.90

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