Exports of goods and services (constant LCU)

This economic indicator encapsulates the total value of all goods and services sold to international markets, reflecting a nation's capacity to produce and exchange at global levels. It encompasses not only tangible merchandise but also a variety of market services including transportation, travel, and specialized services such as financial and communication offerings. By presenting this data in constant local currency, it allows for a more accurate analysis of a country’s export performance over time, adjusting for inflation and price changes. Overall, this metric serves as a vital gauge of economic health, contributing to understanding trade dynamics, currency strength, and the potential for sustainable economic growth in a globally interconnected marketplace. Source: