Exports of goods and services (% of GDP)

This economic indicator encapsulates the proportion of a country’s economic output that is derived from the sale of goods and services to international markets. It encompasses a wide array of offerings, from tangible products like machinery and agricultural goods to intangible services such as tourism, transportation, and professional consultancy. By quantifying the value of these exports as a percentage of the nation's Gross Domestic Product (GDP), it provides insight into the country’s global competitiveness and reliance on foreign trade. A higher percentage can indicate robust economic health and integration into the global economy, while significant fluctuations may signal shifts in domestic production capabilities or international demand trends. Moreover, understanding this metric helps policymakers tailor trade strategies and economic policies to foster sustainable growth. Source: