- Name
- Composition and growth in goods exported
- Indicator purpose
- comprises of domestic goods leaving the statistical/economic territory of a country applying the general trade system
- Abstract
- This trade indicator measures economic development and contributes to the economic growth of a country. It measures the value of the goods exported and identifies the major exports that contribute to the total value of the goods exported. For a good to be considered an export, it needs to be produced or substantially transformed within that specific country/economic territory.
- Contact organization / person
- Statistical Institute of Belize
- Unit of measure
- Value of exports of goods is measured in millions ($);
Percentage (the growth is based on the dollar value of goods exported
- Other characteristics
- The composition and growth in goods exported measures the increase or decrease in the value of the goods leaving the country. It also highlights the main goods that contributed to the total value of exports. A positive percentage change in the value of goods exported means that there was an increase in the value of exports over the previous period while a negative percentage change signifies that the exports value decreased. Increased exports contribute to employment, increased standard of living and increased foreign exchange.
- Classification used
- Composition and growth in goods exported is an economic indicator.
- Disaggregation
- Quarterly Annual Export breakdown
- Recommended uses
- It can be used by governments and policy makers to determine where investments are effective and which industries need funding.
- Baseline
- Top agricultural exports in 2016: growth quantity and (value):
Bananas: -28.5% (-27.6)
Sugar: 24.6; ( 14.2)
Citrus: -25.010.0%; (-1.5%)
Shrimp: - -85.2%; (-73.3%)
- Target 2020
- Growth as follows
Bananas 3%
Sugar 25%
Citrus 5%
Shrimp stabilize and restore growth
10% increase in non-traditional exports annually
Top five exports of manufactured goods - 5%
- Target 2030
- Growth of at least 3%
