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

Exports of goods and services (% of GDP) in Kenya was 9.68 as of 2020. Its highest value over the past 60 years was 38.90 in 1993, while its lowest value was 9.68 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
1960 31.10
1961 32.72
1962 32.04
1963 32.03
1964 33.39
1965 31.40
1966 32.41
1967 28.46
1968 29.40
1969 29.53
1970 29.83
1971 28.64
1972 26.59
1973 27.39
1974 33.68
1975 29.82
1976 32.45
1977 34.96
1978 28.94
1979 25.75
1980 29.52
1981 30.46
1982 26.66
1983 25.95
1984 26.75
1985 25.30
1986 25.85
1987 21.31
1988 22.37
1989 23.03
1990 25.69
1991 27.04
1992 26.26
1993 38.90
1994 37.04
1995 32.59
1996 25.20
1997 22.69
1998 20.17
1999 20.83
2000 21.59
2001 22.93
2002 24.90
2003 24.09
2004 26.61
2005 28.51
2006 22.98
2007 21.92
2008 22.67
2009 18.77
2010 20.12
2011 21.55
2012 19.86
2013 17.79
2014 16.47
2015 15.13
2016 13.25
2017 12.74
2018 12.54
2019 11.41
2020 9.68

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