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

Exports of goods and services (% of GDP) in Paraguay was 33.45 as of 2020. Its highest value over the past 58 years was 61.78 in 1995, while its lowest value was 9.26 in 1983.

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
1962 12.63
1963 11.56
1964 12.26
1965 14.96
1966 13.25
1967 12.22
1968 12.35
1969 13.58
1970 14.92
1971 13.38
1972 13.77
1973 14.96
1974 15.51
1975 13.21
1976 14.66
1977 19.45
1978 18.42
1979 16.06
1980 13.85
1981 11.16
1982 12.14
1983 9.26
1984 18.37
1985 27.08
1986 34.29
1987 36.37
1988 48.38
1989 51.88
1990 52.22
1991 50.84
1992 49.83
1993 59.92
1994 60.82
1995 61.78
1996 52.74
1997 48.47
1998 54.64
1999 42.79
2000 43.33
2001 40.64
2002 47.48
2003 47.14
2004 45.69
2005 47.59
2006 46.29
2007 43.37
2008 42.44
2009 38.10
2010 42.14
2011 40.24
2012 38.00
2013 38.71
2014 35.46
2015 34.77
2016 37.17
2017 38.44
2018 36.95
2019 36.20
2020 33.45

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