Arab World - External balance on goods and services (% of GDP)

External balance on goods and services (% of GDP) in Arab World was 5.54 as of 2019. Its highest value over the past 18 years was 18.67 in 2012, while its lowest value was -0.34 in 2016.

Definition: External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously nonfactor services).

Source: World Bank national accounts data, and OECD National Accounts data files.

See also:

Year Value
2001 7.16
2002 7.62
2003 9.52
2004 11.51
2005 15.95
2006 17.64
2007 13.35
2008 15.33
2009 3.88
2010 10.59
2011 17.99
2012 18.67
2013 15.64
2014 10.32
2015 0.03
2016 -0.34
2017 3.02
2018 8.40
2019 5.54

Aggregation method: Weighted average

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts