DEFINITION
Exports of goods and services (% of
GDP).
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
labor and property income (formerly called factor services) as well as transfer payments.
DEFINITION: Exports of goods and services (% of
GDP).
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
labor and property income (formerly called factor services) as well as transfer payments.
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