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

Exports of goods and services (% of GDP) in Namibia was 33.37 as of 2020. Its highest value over the past 40 years was 70.39 in 1980, while its lowest value was 33.37 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
1980 70.39
1981 56.39
1982 52.36
1983 45.05
1984 45.37
1985 51.62
1986 56.52
1987 46.47
1988 46.26
1989 49.87
1990 43.56
1991 44.00
1992 43.01
1993 46.60
1994 44.11
1995 44.69
1996 45.40
1997 42.65
1998 41.37
1999 41.43
2000 40.74
2001 41.06
2002 46.17
2003 43.43
2004 39.80
2005 40.41
2006 45.37
2007 49.86
2008 53.65
2009 51.56
2010 48.28
2011 45.54
2012 40.06
2013 37.50
2014 39.02
2015 35.37
2016 35.01
2017 33.62
2018 35.88
2019 36.44
2020 33.37

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