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

Exports of goods and services (% of GDP) in Switzerland was 62.34 as of 2020. Its highest value over the past 40 years was 71.38 in 2013, while its lowest value was 39.81 in 1991.

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 46.30
1981 48.22
1982 44.31
1983 43.01
1984 47.22
1985 47.70
1986 43.88
1987 41.15
1988 42.34
1989 44.80
1990 41.37
1991 39.81
1992 40.70
1993 40.74
1994 40.02
1995 40.00
1996 40.99
1997 46.46
1998 45.92
1999 46.66
2000 51.30
2001 50.05
2002 48.38
2003 47.55
2004 51.07
2005 53.56
2006 56.35
2007 61.25
2008 62.87
2009 57.62
2010 64.40
2011 65.90
2012 67.41
2013 71.38
2014 63.81
2015 62.40
2016 65.67
2017 65.08
2018 66.16
2019 65.53
2020 62.34

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