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

Exports of goods and services (% of GDP) in Gabon was 47.69 as of 2020. Its highest value over the past 60 years was 73.09 in 1972, while its lowest value was 31.21 in 1961.

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 34.17
1961 31.21
1962 31.71
1963 47.10
1964 41.89
1965 43.24
1966 39.74
1967 48.05
1968 48.42
1969 54.66
1970 49.72
1971 66.32
1972 73.09
1973 58.85
1974 57.55
1975 49.52
1976 45.58
1977 51.59
1978 61.76
1979 58.49
1980 64.72
1981 63.36
1982 61.59
1983 61.32
1984 59.09
1985 62.57
1986 35.19
1987 42.69
1988 36.73
1989 45.80
1990 46.04
1991 47.26
1992 46.08
1993 48.79
1994 61.68
1995 59.39
1996 62.66
1997 61.30
1998 47.41
1999 59.61
2000 69.03
2001 54.28
2002 52.61
2003 51.93
2004 55.04
2005 60.01
2006 60.57
2007 58.53
2008 62.20
2009 52.17
2010 57.66
2011 61.74
2012 60.95
2013 57.36
2014 44.52
2015 46.03
2016 44.04
2017 50.23
2018 54.30
2019 51.43
2020 47.69

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