- 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.
- Contact organization / person
- SIB
- Unit of measure
- Value of exports of goods and services is measured in millions ($)
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.
- 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
- 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.
- 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.
- Baseline
- -6.5% (2016)
- Target 2020
- 5.0% annually
- Target 2030
- 5.0% annually
