Description: Percentage change in export of goods and services- Constant Price (%)
20092010201120122013201420152016
-9.814.58.7-.32.1.6-10.4
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DATA IDENTIFICATION


Name
Percentage change in export of goods and services
Indicator purpose

Percentage change in export of goods and services (comprises of domestic goods or services leaving the statistical/economic territory of a country, whether it was obtained in or substantially transformed within that specific country ) (International Merchandise Trade Statistics: Concepts and Definitions 2010)

Abstract

This indicator measures the year over year change of the value of goods and 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 and transfer payments.

Data source

SIB

IMTS

OECD

DATA CHARACTERISTICS



Contact organization person

SIB

Date last updated
29-OCT-2019
Periodicity

Annual

Unit of measure
  1. Value of exports of goods and services is measured in millions ($)
  2. Percentage (%)
Other characteristics

A positive percentage change in exports of goods and services means that there was an increase of exports over the previous period while a negative percentage change signifies that exports decreased. If exports are greater than imports, there is said to be a positive net export. Positive net exports contribute to economic growth.

DATA CONCEPTS and CLASSIFICATIONS



Classification used

Percentage change in exports of goods and services is an economic indicator.

Disaggregation

None

Key statistical concepts

Calculation can be done using the following formula:

Percentage change in exports=(Current Export Val.-Previous Export Val.)/(Previous Export Val.) X 100

Formula
-
OTHER ASPECTS



Recommended uses

It allows policy makers to encourage and increase economic output. Growth in exports positively influences economic growth. An increase in exports also contributes to decreased unemployment.

Limitations

The value of exported goods and services is only a good estimate of the actual value. The reason being that there is a good portion for undeclared earnings especially in the services sector.

Other comments

The SIB conducts a quarterly survey to determine the value of exports of goods. The Central Bank of Belize (BOP compilation) keeps track of the exports of goods and services. SIB’s monthly external trade gives a report on Belize’s exports of goods.