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

Exports of goods and services (% of GDP) in Rwanda was 19.03 as of 2020. Its highest value over the past 60 years was 21.81 in 2019, while its lowest value was 5.15 in 1995.

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 12.44
1961 11.48
1962 9.28
1963 5.94
1964 12.00
1965 12.10
1966 11.28
1967 10.51
1968 8.74
1969 7.68
1970 11.51
1971 10.21
1972 8.28
1973 11.60
1974 12.17
1975 9.17
1976 14.58
1977 14.27
1978 14.78
1979 21.05
1980 14.44
1981 9.83
1982 11.55
1983 11.58
1984 12.63
1985 10.78
1986 12.58
1987 7.45
1988 6.62
1989 6.14
1990 5.61
1991 7.32
1992 5.57
1993 5.18
1994 6.30
1995 5.15
1996 6.03
1997 7.80
1998 5.59
1999 5.42
2000 5.38
2001 7.27
2002 6.18
2003 7.78
2004 10.40
2005 10.69
2006 10.89
2007 13.68
2008 11.28
2009 10.37
2010 10.75
2011 12.67
2012 12.00
2013 13.50
2014 13.88
2015 13.24
2016 15.43
2017 20.53
2018 21.10
2019 21.81
2020 19.03

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