Exports of goods and services (current LCU)

This economic indicator quantifies the total value of merchandise and a diverse array of services sold by a country to international markets, expressed in the local currency. It encompasses tangible goods alongside an extensive range of services, such as transportation, tourism, intellectual property rights, and various professional services, reflecting a nation’s global economic engagement. Notably, it does not factor in employee compensation or investment income, focusing instead on market transactions. By analyzing this indicator, policymakers can assess the effectiveness of export strategies and competitiveness, while businesses can identify opportunities for growth in foreign markets. Its current local currency metric also allows for real-time evaluation of economic performance without the distortions caused by exchange rate fluctuations. Source: