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

Exports of goods and services (% of GDP) in Uganda was 15.41 as of 2020. Its highest value over the past 60 years was 29.90 in 1964, while its lowest value was 7.06 in 1993.

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
1960 27.33
1961 24.42
1962 24.11
1963 28.29
1964 29.90
1965 25.58
1966 25.57
1967 25.30
1968 23.94
1969 21.53
1970 23.35
1971 19.82
1972 19.39
1973 16.55
1974 14.72
1975 8.65
1976 11.39
1977 9.15
1978 13.65
1979 19.40
1980 19.44
1981 16.08
1982 8.38
1983 8.66
1984 12.69
1985 13.74
1986 12.81
1987 8.25
1988 7.57
1989 7.95
1990 7.24
1991 7.46
1992 8.76
1993 7.06
1994 8.74
1995 11.79
1996 11.96
1997 13.36
1998 9.64
1999 12.25
2000 10.65
2001 11.52
2002 11.21
2003 11.39
2004 12.70
2005 14.18
2006 15.28
2007 16.73
2008 24.28
2009 18.61
2010 13.82
2011 12.86
2012 15.49
2013 16.51
2014 14.95
2015 12.88
2016 12.43
2017 16.66
2018 15.09
2019 17.11
2020 15.41

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