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

Exports of goods and services (% of GDP) in Jordan was 23.72 as of 2020. Its highest value over the past 44 years was 59.84 in 1990, while its lowest value was 23.72 in 2020.

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
1976 32.38
1977 33.13
1978 33.45
1979 34.73
1980 40.39
1981 43.64
1982 40.62
1983 35.80
1984 39.08
1985 39.66
1986 28.30
1987 33.07
1988 43.45
1989 56.05
1990 59.84
1991 57.39
1992 50.23
1993 50.34
1994 47.85
1995 51.72
1996 52.87
1997 49.25
1998 44.79
1999 43.32
2000 41.83
2001 42.13
2002 47.42
2003 47.37
2004 52.19
2005 52.71
2006 53.87
2007 54.23
2008 56.05
2009 45.08
2010 47.00
2011 46.55
2012 45.23
2013 41.30
2014 42.13
2015 36.54
2016 34.40
2017 34.53
2018 35.15
2019 36.34
2020 23.72

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