Czech Republic - Exports of goods and services (% of GDP)

Exports of goods and services (% of GDP) in Czech Republic was 70.99 as of 2020. Its highest value over the past 30 years was 81.95 in 2014, while its lowest value was 32.92 in 1990.

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
1990 32.92
1991 38.43
1992 39.86
1993 39.94
1994 37.10
1995 40.21
1996 38.13
1997 40.25
1998 42.05
1999 42.76
2000 48.09
2001 48.86
2002 45.00
2003 46.73
2004 57.06
2005 61.81
2006 64.88
2007 66.10
2008 62.95
2009 58.35
2010 65.54
2011 70.82
2012 75.65
2013 76.06
2014 81.95
2015 80.56
2016 79.11
2017 79.03
2018 76.96
2019 73.89
2020 70.99

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