Solomon Islands - Exports of goods and services (% of GDP)

Exports of goods and services (% of GDP) in Solomon Islands was 27.46 as of 2020. Its highest value over the past 40 years was 62.23 in 1988, while its lowest value was 17.54 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
1980 47.37
1981 47.34
1982 47.59
1983 47.60
1984 55.84
1985 47.76
1986 58.75
1987 57.23
1988 62.23
1989 62.12
1990 46.41
1991 52.75
1992 53.55
1993 58.92
1994 49.62
1995 45.03
1996 45.14
1997 45.32
1998 40.52
1999 36.47
2000 27.09
2001 17.54
2002 21.51
2003 27.06
2004 31.99
2005 29.10
2006 30.86
2007 36.01
2008 38.38
2009 31.56
2010 37.30
2011 51.17
2012 51.96
2013 44.64
2014 42.40
2015 40.16
2016 40.17
2017 41.04
2018 43.46
2019 37.46
2020 27.46

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