Exports of goods and services (% of GDP) for all countries 1990-2013
The World Bank
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.
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.
Limitations of the data
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 globalisation 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.
Changes to data collection/processing
On 1 July 1997 China resumed its exercise of sovereignty over Hong Kong; and on 20 December 1999 China resumed its exercise of sovereignty over Macao. Unless otherwise noted, data for China do not include data for Hong Kong SAR, China; Macao SAR, China; or Taiwan, China. Sudan excludes South Sudan after July 9, 2011. Based on data from the National Bureau of Statistics, the methodology for national accounts exports and imports of goods and services in constant prices have been revised from 2000 onward.
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The World Bank - Exports of goods and services: % of GDP 1990-2013
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File as imported: The World Bank - Exports of goods and services: % of GDP 1990-2013
From the dataset The World Bank - Exports of goods and services: % of GDP 1990-2013, this data was extracted:
- Sheet: Data
- Provided: 1,938 data points
Dataset originally released on:
April 14, 2015