Heavily indebted poor countries (HIPC) - Exports of goods and services (% of GDP)

Exports of goods and services (% of GDP) in Heavily indebted poor countries (HIPC) was 20.97 as of 2020. Its highest value over the past 55 years was 28.14 in 2011, while its lowest value was 14.81 in 1966.

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
1965 15.31
1966 14.81
1967 15.69
1968 16.42
1969 15.70
1970 17.13
1971 15.72
1972 16.59
1973 16.41
1974 18.77
1975 16.95
1976 18.11
1977 18.03
1978 17.35
1979 18.33
1980 19.34
1981 18.18
1982 17.94
1983 18.50
1984 20.33
1985 19.33
1986 17.52
1987 16.06
1988 15.46
1989 16.70
1990 17.23
1991 16.50
1992 17.84
1993 17.31
1994 21.09
1995 22.47
1996 22.39
1997 21.69
1998 20.94
1999 20.26
2000 20.61
2001 21.07
2002 21.87
2003 22.20
2004 24.12
2005 24.81
2006 25.40
2007 25.68
2008 26.50
2009 23.67
2010 26.19
2011 28.14
2012 27.97
2013 25.85
2014 24.79
2015 21.90
2016 21.36
2017 22.45
2018 23.68
2019 23.35
2020 20.97

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