My Data Jungle - Economic and Social Indicators

Indicator: Exports of goods and services (BoP, current US$) - Ranking   2024

Description Exports of goods and services (BoP, current US$) measures the monetary value of goods and services exported by residents of an economy to non-residents, recorded in the balance of payments (BoP). Exports of goods include changes in the economic ownership of goods from residents to non-residents, regardless of whether the goods physically cross national borders, while exports of services include services provided by residents to non-residents. The indicator is expressed in current U.S. dollars, meaning that no adjustment is made for changes in prices over time. Consequently, variations in its value may reflect changes in export volumes, prices, or exchange rates.
A cosa serve The indicator is used to analyse a country's international trade performance and external economic relationships. It can help assess the importance of foreign markets to the domestic economy, monitor changes in export revenues, and examine the role of exports in the balance of payments and economic growth. When combined with imports, GDP, exchange rates and other external-sector indicators, it can also contribute to the analysis of trade balances, external sustainability and a country's integration into the global economy.
Unit of measure Millions of $
Aggregation Operator Average

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