Europe & Central Asia (IDA & IBRD): Exports of goods and services (constant 2015 US$)

Key figures

What the numbers say

In 2021, Europe & Central Asia (IDA & IBRD)'s exports of goods and services (constant 2015 US$) rose 11.3% on 2020 (from US$1.36 trillion to US$1.52 trillion).

Across the 30 yearly changes before that (1991 to 2020), the average change was +3.1% and a typical year strayed about 8.9% from that (the standard deviation). This year's change was 0.9 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

On record, the biggest yearly rise was 14.6% in 2000 and the biggest yearly fall was 27.2% in 1992. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2012 to 2021 the straight-line trend is upward, about US$48.17 billion a year. A straight line explains 91% of the movement over 10 observed years.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

How it compares

See how every economy compares in the full ranking.

What this measures

Exports of goods includes changes in the economic ownership of goods from residents of the compiling economy to non-residents, irrespective of physical movement of goods across national borders. Exports of services includes services provided by residents to non-residents. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars.

Limitations: Because policymakers have tended to focus on fostering the growth of output, and because data on production are easier to collect than data on spending, many countries generate their primary estimate of GDP using the production approach. Moreover, many countries do not estimate all the components of national expenditures but instead derive some of the main aggregates indirectly using GDP (based on the production approach) as the control total. Data on exports and imports are compiled from customs reports and balance of payments data.

Regional and income-group figures are computed by the World Bank as a gap-filled total.

All 32 values

Exports of goods and services (constant 2015 US$) in nearby economies

• Algeria — US$36.19 billion (2025)
• Bahrain — US$34.42 billion (2024)
• Djibouti — US$5.25 billion (2025)
• Egypt, Arab Rep. — US$132.11 billion (2025)
• Iran, Islamic Rep. — US$109.89 billion (2025)
• Iraq — US$61.59 billion (2024)
• Israel — US$131.82 billion (2025)
• Kuwait — US$58.89 billion (2024)
• Lebanon — US$5.24 billion (2024)
• Libya

More economic policy & debt data for Europe & Central Asia (IDA & IBRD)

• Foreign direct investment, net inflows (BoP, current US$) — US$82.98 billion (2025)
• Foreign direct investment, net outflows (BoP, current US$) — US$19.58 billion (2025)
• Portfolio equity, net inflows (BoP, current US$) — −US$186.92 million (2025)
• Net financial flows, IBRD (NFL, current US$) — US$5.92 billion (2024)
• Net financial flows, IDA (NFL, current US$) — US$5.2 billion (2024)
• IFC, private nonguaranteed (NFL, current US$) — US$960.06 million (2024)
• Net bilateral aid flows from DAC donors, Austria (current US$) — US$227.32 million (2022)

Reading data like this

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Questions people ask

What is Europe & Central Asia (IDA & IBRD)'s exports of goods and services (constant 2015 US$)?

US$1.52 trillion in 2021, according to the World Bank (World Development Indicators).

How has it changed since 1990?

It is up 147.61% from US$611.93 billion in 1990 (2.97% a year on average, compounded). The highest value was US$1.52 trillion in 2021 and the lowest US$342.44 billion in 1993.

Is the latest change in exports of goods and services (constant 2015 US$) unusual for Europe & Central Asia (IDA & IBRD)?

In 2021, Europe & Central Asia (IDA & IBRD)'s exports of goods and services (constant 2015 US$) rose 11.3% on 2020 (from US$1.36 trillion to US$1.52 trillion). Across the 30 yearly changes before that (1991 to 2020), the average change was +3.1% and a typical year strayed about 8.9% from that (the standard deviation). This year's change was 0.9 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

Source

World Bank, World Development Indicators, indicator NE.EXP.GNFS.KD, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Organizations and/or Central Banks; National Accounts data files, Organisation for Economic Co-operation and Development (OECD); Staff estimates, World Bank (WB) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.

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