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

Exports of goods and services (% of GDP) in Nicaragua was 42.32 as of 2020. Its highest value over the past 60 years was 47.47 in 2012, while its lowest value was 11.77 in 1987.

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 23.65
1961 23.40
1962 26.43
1963 28.82
1964 28.87
1965 29.30
1966 27.12
1967 26.46
1968 26.68
1969 24.39
1970 26.73
1971 26.30
1972 35.29
1973 28.21
1974 29.07
1975 28.04
1976 32.99
1977 32.09
1978 34.41
1979 42.02
1980 24.23
1981 22.34
1982 15.98
1983 19.40
1984 16.44
1985 14.77
1986 12.78
1987 11.77
1988 17.98
1989 32.54
1990 24.95
1991 21.82
1992 17.25
1993 20.43
1994 13.14
1995 16.10
1996 16.85
1997 19.42
1998 19.33
1999 18.53
2000 20.11
2001 19.04
2002 18.85
2003 20.71
2004 23.06
2005 24.38
2006 31.27
2007 33.06
2008 34.47
2009 33.98
2010 40.47
2011 45.02
2012 47.47
2013 45.21
2014 45.01
2015 40.08
2016 38.88
2017 41.34
2018 42.28
2019 45.04
2020 42.32

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