IDA only - Exports of goods and services (% of GDP)

Exports of goods and services (% of GDP) in IDA only was 20.14 as of 2020. Its highest value over the past 30 years was 29.93 in 2007, while its lowest value was 16.46 in 1991.

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
1990 16.70
1991 16.46
1992 18.26
1993 19.23
1994 23.60
1995 24.52
1996 23.97
1997 24.16
1998 23.78
1999 24.09
2000 25.12
2001 26.22
2002 27.38
2003 24.84
2004 28.51
2005 29.67
2006 29.71
2007 29.93
2008 29.80
2009 25.46
2010 27.09
2011 25.45
2012 24.03
2013 23.24
2014 23.15
2015 21.09
2016 20.96
2017 21.48
2018 22.36
2019 22.38
2020 20.14

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