Indicator: Exports of goods and services (annual % growth) - Ranking 2024

Description	Exports of goods and services (annual % growth) measures the annual percentage change in the volume of a country’s exports of goods and services. According to the World Bank, exports of goods refer to changes in the economic ownership of goods from residents of the compiling economy to non-residents, regardless of whether the goods physically cross national borders. Exports of services include services provided by residents to non-residents. The indicator is calculated using the constant-price series in U.S. dollars, with 2015 as the base year, thereby focusing on changes in the volume of exports rather than changes caused by price variations.
A cosa serve	The indicator can be used to analyse export competitiveness, international trade performance and the contribution of external demand to economic growth. It allows comparisons of export dynamics across countries and periods and can help identify changes in a country's integration into international markets. When analysed alongside indicators such as imports, GDP growth, the current account and terms of trade, it can also provide insights into the evolution of a country's external economic position and its exposure to changes in global demand.
Unit of measure	%
Aggregation Operator	Average

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