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

Exports of goods and services (% of GDP) in Lesotho was 47.14 as of 2020. Its highest value over the past 60 years was 53.25 in 2007, while its lowest value was 10.86 in 1966.

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 11.74
1961 12.55
1962 14.38
1963 14.88
1964 15.36
1965 15.56
1966 10.86
1967 12.05
1968 12.08
1969 13.58
1970 12.22
1971 12.80
1972 16.08
1973 14.27
1974 13.66
1975 14.47
1976 17.91
1977 11.90
1978 17.26
1979 22.10
1980 21.01
1981 19.29
2007 53.25
2008 52.92
2009 44.76
2010 41.14
2011 46.94
2012 41.80
2013 37.20
2014 37.07
2015 41.61
2016 44.34
2017 46.04
2018 49.63
2019 46.24
2020 47.14

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