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

Exports of goods and services (% of GDP) in Nepal was 6.76 as of 2020. Its highest value over the past 55 years was 26.33 in 1997, while its lowest value was 4.90 in 1970.

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
1965 7.77
1966 5.64
1967 6.87
1968 6.85
1969 7.01
1970 4.90
1971 5.40
1972 5.66
1973 6.61
1974 5.45
1975 8.90
1976 10.77
1977 11.79
1978 10.57
1979 11.78
1980 11.54
1981 12.90
1982 11.59
1983 10.23
1984 10.65
1985 11.53
1986 11.66
1987 11.81
1988 11.45
1989 11.07
1990 10.53
1991 11.49
1992 15.96
1993 18.43
1994 18.99
1995 24.97
1996 22.82
1997 26.33
1998 22.82
1999 22.85
2000 23.28
2001 22.56
2002 17.74
2003 15.70
2004 16.68
2005 14.58
2006 13.45
2007 12.86
2008 12.78
2009 12.42
2010 9.58
2011 7.79
2012 8.75
2013 9.29
2014 10.12
2015 10.21
2016 8.18
2017 7.81
2018 7.82
2019 7.78
2020 6.76

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