Lower middle income - External balance on goods and services
External balance on goods and services (% of GDP)
External balance on goods and services (% of GDP) in Lower middle income was -2.92 as of 2020. Its highest value over the past 53 years was 6.50 in 1974, while its lowest value was -4.54 in 2018.
Definition: External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously nonfactor services).
Source: World Bank national accounts data, and OECD National Accounts data files.
See also:
| Year | Value |
|---|---|
| 1967 | -2.21 |
| 1968 | -1.48 |
| 1969 | -1.27 |
| 1970 | -1.27 |
| 1971 | -1.14 |
| 1972 | -0.10 |
| 1973 | 2.05 |
| 1974 | 6.50 |
| 1975 | -1.04 |
| 1976 | 1.03 |
| 1977 | 0.36 |
| 1978 | -2.14 |
| 1979 | 1.93 |
| 1980 | -2.04 |
| 1981 | -3.96 |
| 1982 | -3.04 |
| 1983 | -3.49 |
| 1984 | -1.70 |
| 1985 | -2.28 |
| 1986 | -3.68 |
| 1987 | -0.95 |
| 1988 | -2.37 |
| 1989 | -1.73 |
| 1990 | -1.80 |
| 1991 | -0.18 |
| 1992 | -0.55 |
| 1993 | -1.23 |
| 1994 | -0.88 |
| 1995 | -1.78 |
| 1996 | -1.68 |
| 1997 | -1.98 |
| 1998 | -2.63 |
| 1999 | -0.68 |
| 2000 | 1.50 |
| 2001 | -0.35 |
| 2002 | -0.10 |
| 2003 | 0.00 |
| 2004 | -0.06 |
| 2005 | 0.67 |
| 2006 | 1.75 |
| 2007 | -0.64 |
| 2008 | -1.63 |
| 2009 | -3.35 |
| 2010 | -1.46 |
| 2011 | -1.45 |
| 2012 | -2.27 |
| 2013 | -2.30 |
| 2014 | -2.38 |
| 2015 | -3.53 |
| 2016 | -3.36 |
| 2017 | -3.68 |
| 2018 | -4.54 |
| 2019 | -4.16 |
| 2020 | -2.92 |
Classification
Topic: Economic Policy & Debt Indicators
Sub-Topic: National accounts
