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

Exports of goods and services (% of GDP) in Senegal was 20.60 as of 2020. Its highest value over the past 60 years was 25.62 in 1977, while its lowest value was 11.51 in 1960.

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 11.51
1961 14.51
1962 13.92
1963 12.08
1964 11.97
1965 12.02
1966 12.73
1967 11.71
1968 13.53
1969 14.70
1970 16.09
1971 15.33
1972 18.14
1973 16.86
1974 25.29
1975 21.55
1976 21.48
1977 25.62
1978 17.89
1979 18.84
1980 16.11
1981 21.35
1982 19.62
1983 23.73
1984 22.89
1985 18.73
1986 16.56
1987 14.33
1988 15.03
1989 16.38
1990 17.06
1991 15.52
1992 14.99
1993 13.55
1994 21.22
1995 20.66
1996 18.08
1997 18.33
1998 18.58
1999 19.00
2000 17.76
2001 17.70
2002 19.62
2003 18.22
2004 19.10
2005 19.81
2006 19.25
2007 20.55
2008 20.85
2009 19.39
2010 19.98
2011 21.30
2012 22.47
2013 22.35
2014 21.78
2015 22.68
2016 21.56
2017 21.93
2018 22.95
2019 24.31
2020 20.60

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