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

Exports of goods and services (% of GDP) in Portugal was 37.03 as of 2020. Its highest value over the past 50 years was 43.51 in 2019, while its lowest value was 13.66 in 1976.

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
1970 19.11
1971 19.65
1972 21.34
1973 20.94
1974 21.05
1975 15.98
1976 13.66
1977 14.43
1978 15.76
1979 21.20
1980 21.46
1981 20.33
1982 20.68
1983 24.55
1984 29.18
1985 29.24
1986 25.99
1987 27.34
1988 27.64
1989 29.47
1990 29.17
1991 26.55
1992 24.46
1993 23.60
1994 25.13
1995 26.77
1996 26.55
1997 27.15
1998 27.33
1999 26.48
2000 28.20
2001 27.44
2002 27.07
2003 27.37
2004 27.67
2005 27.08
2006 30.36
2007 31.19
2008 31.26
2009 27.29
2010 30.07
2011 34.45
2012 37.78
2013 39.61
2014 40.22
2015 40.62
2016 40.21
2017 42.72
2018 43.45
2019 43.51
2020 37.03

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