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OPEC countries Compared by Economy > GDP > Composition, by end use > Exports of goods and services

DEFINITION: This entry is derived from Economy > GDP > Composition, by end use, which shows who does the spending in an economy: consumers, businesses, government, and foreigners. The distribution gives the percentage contribution to total GDP of household consumption, government consumption, investment in fixed capital, investment in inventories, exports of goods and services, and imports of goods and services, and will total 100 percent of GDP if the data are complete.
household consumption consists of expenditures by resident households, and by nonprofit institutions that serve households, on goods and services that are consumed by individuals. This includes consumption of both domestically produced and foreign goods and services.
government consumption consists of government expenditures on goods and services. These figures exclude government transfer payments, such as interest on debt, unemployment, and social security, since such payments are not made in exchange for goods and services supplied.
investment in fixed capital consists of total business spending on fixed assets, such as factories, machinery, equipment, dwellings, and inventories of raw materials, which provide the basis for future production. It is measured gross of the depreciation of the assets, i.e., it includes investment that merely replaces worn-out or scrapped capital. Earlier editions of The World Factbook referred to this concept as Investment (gross fixed) and that data now have been moved to this new field.
investment in inventories consists of net changes to the stock of outputs that are still held by the units that produce them, awaiting further sale to an end user, such as automobiles sitting on a dealer’s lot or groceries on the store shelves. This figure may be positive or negative. If the stock of unsold output increases during the relevant time period, investment in inventories is positive, but, if the stock of unsold goods declines, it will be negative. Investment in inventories normally is an early indicator of the state of the economy. If the stock of unsold items increases unexpectedly – because people stop buying - the economy may be entering a recession; but if the stock of unsold items falls - and goods "go flying off the shelves" - businesses normally try to replace those stocks, and the economy is likely to accelerate.
exports of goods and services consist of sales, barter, gifts, or grants of goods and services from residents to nonresidents.
imports of goods and ...
Full definition
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CONTENTS

# COUNTRY AMOUNT DATE GRAPH
1 United Arab Emirates 95.2% 2013
2 Qatar 74.1% 2013
3 Kuwait 73.4% 2013
4 Angola 62.6% 2013
5 Libya 60.5% 2013
6 Saudi Arabia 56.2% 2013
7 Nigeria 55.4% 2013
8 Algeria 37.2% 2013
9 Venezuela 25.8% 2013
10 Iran 25.3% 2013

Citation

"Countries Compared by Economy > GDP > Composition, by end use > Exports of goods and services. International Statistics at NationMaster.com", CIA World Factbooks 2010, 2011, 2012, 2013. Aggregates compiled by NationMaster. Retrieved from http://www.nationmaster.com/country-info/group-stats/OPEC-countries/Economy/GDP/Composition,-by-end-use/Exports-of-goods-and-services

OPEC countries Compared by Economy > GDP > Composition, by end use > Exports of goods and services

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Interesting observations about Economy > GDP > Composition, by end use > Exports of goods and services

  • Hong Kong ranked first for GDP > composition, by end use > exports of goods and services amongst Hot countries in 2013.
  • Luxembourg ranked first for GDP > composition, by end use > exports of goods and services amongst Christian countries in 2013.
  • United Arab Emirates ranked first for GDP > composition, by end use > exports of goods and services amongst Muslim countries in 2013.
  • Singapore ranked first for GDP > composition, by end use > exports of goods and services amongst Heavily indebted countries in 2013.
  • Ireland ranked second for GDP > composition, by end use > exports of goods and services amongst Europe in 2013.
  • Hungary ranked first for GDP > composition, by end use > exports of goods and services amongst Emerging markets in 2013.
  • Equatorial Guinea ranked first for GDP > composition, by end use > exports of goods and services amongst Sub-Saharan Africa in 2013.
  • Trinidad and Tobago ranked first for GDP > composition, by end use > exports of goods and services amongst Latin America and Caribbean in 2013.
  • United States ranked last for GDP > composition, by end use > exports of goods and services amongst Group of 7 countries (G7) in 2013.
  • Malaysia ranked first for GDP > composition, by end use > exports of goods and services amongst Religious countries in 2013.
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