My Data Jungle - Economic and Social Indicators

Indicator: External balance on goods and services (current US$) - Ranking   2024

Description External balance on goods and services (current US$) measures the balance of a country's international trade in goods and services, calculated as the difference between the value of exports and imports. A positive value indicates that exports exceed imports, resulting in a trade surplus, while a negative value indicates that imports exceed exports, resulting in a trade deficit. The indicator is expressed in current U.S. dollars, meaning that no adjustment is made for changes in prices over time. Consequently, variations in the indicator may reflect changes in trade volumes, prices and exchange rates.
A cosa serve The indicator is used to analyse trade performance and the external economic position of countries. It can help identify persistent trade surpluses or deficits and evaluate their potential implications for the balance of payments and the broader economy. When analysed together with GDP, exports, imports, exchange rates and the current account balance, it provides useful information for assessing a country's international competitiveness, external sustainability and integration into the global economy.
Unit of measure $
Aggregation Operator Average

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