Rwanda - Exports of goods and services (current US$)

The latest value for Exports of goods and services (current US$) in Rwanda was $1,966,588,000 as of 2020. Over the past 60 years, the value for this indicator has fluctuated between $2,258,510,000 in 2019 and $7,600,000 in 1963.

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. Data are in current U.S. dollars.

Source: World Bank national accounts data, and OECD National Accounts data files.

See also:

Year Value
1960 $14,800,000
1961 $14,000,000
1962 $11,600,000
1963 $7,600,000
1964 $15,600,000
1965 $18,000,000
1966 $14,045,710
1967 $16,773,000
1968 $15,050,000
1969 $14,490,000
1970 $25,300,000
1971 $22,766,640
1972 $20,411,490
1973 $33,721,790
1974 $37,535,560
1975 $52,450,620
1976 $92,977,880
1977 $106,530,400
1978 $133,872,800
1979 $233,473,700
1980 $181,144,500
1981 $138,251,000
1982 $162,572,500
1983 $171,374,000
1984 $200,513,000
1985 $184,987,500
1986 $244,728,600
1987 $160,730,000
1988 $158,571,200
1989 $147,651,200
1990 $143,183,000
1991 $139,864,300
1992 $112,984,500
1993 $102,031,300
1994 $47,498,580
1995 $66,627,300
1996 $83,373,730
1997 $144,372,300
1998 $111,106,100
1999 $116,759,800
2000 $111,245,600
2001 $142,953,000
2002 $121,512,900
2003 $166,283,200
2004 $247,001,900
2005 $313,565,600
2006 $361,305,600
2007 $556,349,200
2008 $583,912,900
2009 $588,300,200
2010 $657,968,900
2011 $871,553,100
2012 $918,133,600
2013 $1,055,111,000
2014 $1,143,600,000
2015 $1,130,493,000
2016 $1,340,968,000
2017 $1,899,512,000
2018 $2,034,157,000
2019 $2,258,510,000
2020 $1,966,588,000

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: Gap-filled total

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts