Exports of goods, services, income and workers' remittances (BoP, current US$) - BOP - Basic Inds. and Nat. Accts - African Development Indicators
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Exports of goods and services (XGS) are the total value of goods and services exported as well as income and worker remittances received. Worker remittances include compensation of employees. Data on exports and imports (on a balance of payments basis), international reserves, and current account balances are drawn mainly from the files of the IMF, complemented by World Bank staff estimates. Balance of payments data are presented according to the fifth edition of the IMF's Balance of Payments Manual, which made several adjustments to its presentation of trade statistics. Coverage of goods was expanded to include in imports the value of goods received for processing and repair (on a gross basis). Their subsequent re-export is recorded in exports (also on a gross basis). This approach will cause a country's imports and exports to increase without affecting the balance of goods. In addition, all capital transfers, which were included with current transfers in the fourth edition of the Balance of Payments Manual, are now shown in a separate capital (as opposed to financial) account, and so do not contribute to the current account balance. Data are in current U.S. dollars. Source: World Bank, Global Development Finance.
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