The Gambia - Exports of goods and services (% of GDP)

Exports of goods and services (% of GDP) in The Gambia was 8.00 as of 2020. Its highest value over the past 54 years was 59.90 in 1990, while its lowest value was 8.00 in 2020.

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
1966 36.17
1967 40.52
1968 39.99
1969 40.39
1970 37.79
1971 32.37
1972 33.77
1973 35.10
1974 38.97
1975 44.71
1976 41.06
1977 36.74
1978 33.68
1979 34.96
1980 42.74
1981 43.96
1982 44.33
1983 50.49
1984 51.12
1985 43.86
1986 46.62
1987 49.42
1988 50.37
1989 55.06
1990 59.90
1991 29.44
1992 30.59
1993 28.19
1994 21.24
1995 23.78
1996 21.80
1997 22.93
1998 25.31
1999 24.40
2000 25.80
2001 21.82
2002 27.16
2003 31.09
2004 20.59
2005 19.90
2006 21.03
2007 18.03
2008 14.48
2009 15.75
2010 14.67
2011 16.86
2012 19.84
2013 18.98
2014 21.84
2015 19.60
2016 15.91
2017 16.79
2018 21.73
2019 18.85
2020 8.00

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