Macao SAR, China - Exports of goods and services (% of GDP)

Exports of goods and services (% of GDP) in Macao SAR, China was 61.78 as of 2020. Its highest value over the past 38 years was 114.32 in 1984, while its lowest value was 61.78 in 2020.

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
1982 110.56
1983 112.45
1984 114.32
1985 105.87
1986 108.43
1987 110.29
1988 106.19
1989 104.33
1990 98.25
1991 91.64
1992 82.09
1993 76.16
1994 73.56
1995 73.99
1996 74.01
1997 73.93
1998 74.17
1999 76.19
2000 89.26
2001 91.23
2002 93.26
2003 92.86
2004 94.77
2005 84.39
2006 78.55
2007 78.88
2008 79.69
2009 78.51
2010 87.42
2011 90.34
2012 90.77
2013 90.66
2014 85.64
2015 78.51
2016 76.64
2017 80.44
2018 82.53
2019 82.52
2020 61.78

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