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

Exports of goods and services (% of GDP) in Tonga was 18.96 as of 2020. Its highest value over the past 45 years was 41.33 in 1975, while its lowest value was 12.22 in 2007.

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
1975 41.33
1976 26.94
1977 33.87
1978 28.79
1979 26.08
1980 30.06
1981 25.38
1982 27.59
1983 18.66
1984 26.61
1985 30.13
1986 25.71
1987 30.93
1988 22.74
1989 25.10
1990 33.87
1991 22.90
1992 23.64
1993 19.89
1994 17.19
1995 16.96
1996 20.12
1997 20.86
1998 19.59
1999 15.44
2000 14.27
2001 13.05
2002 18.26
2003 19.39
2004 19.57
2005 17.84
2006 14.56
2007 12.22
2008 15.96
2009 13.62
2010 12.50
2011 16.24
2012 17.07
2013 20.35
2014 16.97
2015 16.96
2016 21.68
2017 22.16
2018 21.40
2019 21.96
2020 18.96

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