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

Exports of goods and services (% of GDP) in Madagascar was 20.13 as of 2020. Its highest value over the past 60 years was 31.54 in 2018, while its lowest value was 8.15 in 1983.

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 10.03
1961 14.60
1962 13.76
1963 12.78
1964 13.30
1965 13.21
1966 17.29
1967 17.51
1968 17.75
1969 18.11
1970 19.16
1971 14.44
1972 14.26
1973 14.25
1974 15.53
1975 15.86
1976 15.16
1977 16.44
1978 17.15
1979 14.58
1980 10.67
1981 8.89
1982 8.46
1983 8.15
1984 10.75
1985 9.89
1986 9.85
1987 14.14
1988 13.58
1989 15.36
1990 12.87
1991 15.97
1992 14.50
1993 13.81
1994 20.02
1995 20.99
1996 17.02
1997 16.14
1998 16.41
1999 18.35
2000 19.12
2001 20.07
2002 21.82
2003 13.69
2004 19.46
2005 24.32
2006 27.49
2007 27.80
2008 27.71
2009 20.38
2010 21.87
2011 22.72
2012 21.78
2013 23.27
2014 28.28
2015 28.39
2016 29.09
2017 30.90
2018 31.54
2019 28.42
2020 20.13

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