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

Exports of goods and services (% of GDP) in Honduras was 35.23 as of 2020. Its highest value over the past 60 years was 59.01 in 2005, while its lowest value was 21.20 in 1987.

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 21.39
1961 22.32
1962 22.49
1963 22.09
1964 22.47
1965 27.27
1966 28.62
1967 28.52
1968 30.41
1969 27.98
1970 27.91
1971 29.69
1972 29.27
1973 32.22
1974 32.14
1975 30.69
1976 33.72
1977 34.83
1978 31.02
1979 32.96
1980 33.15
1981 30.36
1982 24.99
1983 24.75
1984 23.89
1985 23.83
1986 24.55
1987 21.20
1988 24.34
1989 28.00
1990 31.72
1991 33.85
1992 33.41
1993 36.78
1994 44.51
1995 48.44
1996 54.76
1997 57.00
1998 57.80
1999 52.93
2000 53.97
2001 51.38
2002 52.73
2003 54.09
2004 58.42
2005 59.01
2006 56.05
2007 53.51
2008 51.33
2009 39.53
2010 45.76
2011 51.26
2012 50.90
2013 47.94
2014 47.56
2015 45.17
2016 42.71
2017 43.09
2018 41.45
2019 39.92
2020 35.23

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