Sierra Leone - Exports of goods and services (% of GDP)

Exports of goods and services (% of GDP) in Sierra Leone was 15.09 as of 2020. Its highest value over the past 56 years was 34.69 in 1990, while its lowest value was 7.84 in 2001.

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
1964 29.08
1965 28.87
1966 27.78
1967 27.08
1968 23.68
1969 27.63
1970 31.02
1971 31.27
1972 27.77
1973 24.64
1974 24.10
1975 25.11
1976 21.54
1977 19.72
1978 19.82
1979 19.90
1980 22.86
1981 23.02
1982 15.76
1983 11.07
1984 10.62
1985 14.82
1986 11.92
1987 31.96
1988 28.72
1989 23.92
1990 34.69
1991 31.25
1992 31.59
1993 24.28
1994 29.51
1995 18.59
1996 17.45
1997 13.20
1998 14.06
1999 13.83
2000 18.13
2001 7.84
2002 8.55
2003 13.92
2004 16.47
2005 17.57
2006 16.87
2007 15.60
2008 13.52
2009 13.50
2010 16.79
2011 16.27
2012 32.91
2013 28.63
2014 30.76
2015 19.36
2016 24.91
2017 26.19
2018 17.47
2019 18.25
2020 15.09

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