Definition, Meaning & Synonyms

export-economy

noun

/ˈɛkspɔːrt ɪˈkɒnəmi/

Definition

An economy that is heavily reliant on the export of goods and services to generate revenue.

Examples

Many developing countries operate as an export-economy, primarily selling agricultural products abroad.
Germany is known for its strong export-economy, particularly in automotive manufacturing.
Shifts in global demand can significantly impact an export-economy, leading to fluctuations in employment and GDP.

Meaning

An export-economy is characterized by a significant portion of its economic activity being focused on selling products and services to other countries rather than just serving its domestic market.