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

Exports of goods and services (% of GDP) in Pakistan was 8.79 as of 2018. Its highest value over the past 51 years was 17.36 in 1992, while its lowest value was 7.14 in 1971.

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
1967 9.17
1968 9.16
1969 8.66
1970 7.77
1971 7.14
1972 11.77
1973 13.53
1974 13.68
1975 10.85
1976 10.72
1977 9.28
1978 9.24
1979 10.69
1980 12.49
1981 12.32
1982 9.95
1983 11.92
1984 11.07
1985 10.42
1986 11.90
1987 13.23
1988 13.59
1989 13.88
1990 15.54
1991 17.00
1992 17.36
1993 16.31
1994 16.28
1995 16.71
1996 16.90
1997 16.08
1998 16.48
1999 15.35
2000 13.44
2001 14.66
2002 15.22
2003 16.72
2004 15.67
2005 15.69
2006 14.13
2007 13.21
2008 12.38
2009 12.40
2010 13.52
2011 13.97
2012 12.40
2013 13.28
2014 12.24
2015 10.60
2016 9.15
2017 8.26
2018 8.79

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