New Zealand - Exports of goods and services (% of GDP)

Exports of goods and services (% of GDP) in New Zealand was 21.79 as of 2020. Its highest value over the past 49 years was 35.75 in 2000, while its lowest value was 20.62 in 1974.

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
1971 22.49
1972 24.45
1973 24.01
1974 20.62
1975 23.10
1976 26.68
1977 26.15
1978 26.64
1979 28.63
1980 28.81
1981 27.93
1982 27.74
1983 28.41
1984 31.81
1985 29.30
1986 26.64
1987 26.12
1988 26.19
1989 26.35
1990 26.76
1991 29.16
1992 31.19
1993 30.60
1994 30.78
1995 29.39
1996 28.35
1997 28.32
1998 29.62
1999 30.95
2000 35.75
2001 35.43
2002 32.85
2003 29.84
2004 29.54
2005 28.29
2006 29.61
2007 29.27
2008 32.08
2009 28.73
2010 30.27
2011 30.40
2012 28.86
2013 28.81
2014 27.98
2015 27.86
2016 26.48
2017 27.33
2018 27.59
2019 26.99
2020 21.79

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