Bahrain - Exports of goods and services (% of GDP)

Exports of goods and services (% of GDP) in Bahrain was 76.49 as of 2019. Its highest value over the past 39 years was 131.13 in 1981, while its lowest value was 64.60 in 1998.

Definition: 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 compensation of employees and investment income (formerly called factor services) and transfer payments.

Source: World Bank national accounts data, and OECD National Accounts data files.

See also:

Year Value
1980 124.11
1981 131.13
1982 118.98
1983 96.68
1984 96.49
1985 101.77
1986 98.71
1987 102.37
1988 95.34
1989 98.64
1990 115.56
1991 85.00
1992 84.38
1993 83.87
1994 81.19
1995 81.99
1996 87.91
1997 79.08
1998 64.60
1999 78.87
2000 79.18
2001 73.61
2002 72.51
2003 72.06
2004 78.61
2005 83.89
2006 84.64
2007 79.68
2008 82.58
2009 68.47
2010 69.54
2011 99.42
2012 102.15
2013 104.80
2014 96.05
2015 83.11
2016 74.20
2017 75.78
2018 79.25
2019 76.49

Limitations and Exceptions: Because policymakers have tended to focus on fostering the growth of output, and because data on production are easier to collect than data on spending, many countries generate their primary estimate of GDP using the production approach. Moreover, many countries do not estimate all the components of national expenditures but instead derive some of the main aggregates indirectly using GDP (based on the production approach) as the control total. Data on exports and imports are compiled from customs reports and balance of payments data. Although the data from the payments side provide reasonably reliable records of cross-border transactions, they may not adhere strictly to the appropriate definitions of valuation and timing used in the balance of payments or corresponds to the change-of ownership criterion. This issue has assumed greater significance with the increasing globalization of international business. Neither customs nor balance of payments data usually capture the illegal transactions that occur in many countries. Goods carried by travelers across borders in legal but unreported shuttle trade may further distort trade statistics.

Statistical Concept and Methodology: Gross domestic product (GDP) from the expenditure side is made up of household final consumption expenditure, general government final consumption expenditure, gross capital formation (private and public investment in fixed assets, changes in inventories, and net acquisitions of valuables), and net exports (exports minus imports) of goods and services. Such expenditures are recorded in purchaser prices and include net taxes on products.

Aggregation method: Weighted average

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts