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

Exports of goods and services (% of GDP) in Zimbabwe was 37.20 as of 2020. Its highest value over the past 45 years was 43.39 in 1998, while its lowest value was 16.44 in 1983.

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 22.76
1976 21.96
1977 21.40
1978 22.02
1979 21.80
1980 23.37
1981 19.43
1982 16.93
1983 16.44
1984 20.56
1985 22.21
1986 24.05
1987 24.02
1988 23.74
1989 23.34
1990 22.87
1991 23.88
1992 27.23
1993 30.72
1994 34.60
1995 38.24
1996 36.13
1997 37.60
1998 43.39
1999 37.41
2000 38.16
2001 34.96
2002 31.83
2003 32.40
2004 34.47
2005 33.55
2006 35.96
2007 37.79
2008 41.47
2009 19.48
2010 29.64
2011 34.80
2012 25.16
2013 21.99
2014 20.93
2015 19.16
2016 19.94
2017 19.66
2018 28.05
2019 31.25
2020 37.20

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