Algeria | Imports of goods and services (% of GDP)

Imports of goods and services represent the value of all goods and other market services received from 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 (formerly called factor services) and transfer payments. Limitations and exceptions: 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. Although the data from the payments side provide reasonably reliable records of cross-border transactions, they may not adhere strictly to the appropriate definitions of valuation and timing used in the balance of payments or corresponds to the change-of ownership criterion. This issue has assumed greater significance with the increasing globalization of international business. Neither customs nor balance of payments data usually capture the illegal transactions that occur in many countries. Goods carried by travelers across borders in legal but unreported shuttle trade may further distort trade statistics. Statistical concept and methodology: Gross domestic product (GDP) from the expenditure side is made up of household final consumption expenditure, general government final consumption expenditure, gross capital formation (private and public investment in fixed assets, changes in inventories, and net acquisitions of valuables), and net exports (exports minus imports) of goods and services. Such expenditures are recorded in purchaser prices and include net taxes on products.
Publisher
The World Bank
Origin
People's Democratic Republic of Algeria
Records
63
Source
Algeria | Imports of goods and services (% of GDP)
1960 67.14363171
1961 67.50377104
1962 20.81864668
1963 36.82551514
1964 29.43976253
1965 25.83307835
1966 24.653572
1967 21.63176932
1968 24.18725436
1969 28.07075808
1970 29.15266841
1971 27.66377753
1972 25.7268683
1973 31.58976353
1974 35.48977562
1975 42.96559919
1976 37.11867296
1977 41.7403173
1978 40.16873217
1979 32.86574908
1980 30.33846169
1981 30.87774286
1982 28.99807495
1983 25.80231124
1984 27.46636751
1985 26.74218774
1986 23.17195323
1987 18.41210974
1988 22.6037194
1989 28.51405637
1990 24.9370286
1991 23.59976454
1992 23.86948996
1993 23.13893637
1994 26.05371254
1995 28.99622923
1996 23.94469955
1997 21.33760013
1998 22.51609655
1999 22.77899622
2000 20.78862591
2001 22.01685879
2002 25.62963474
2003 23.87594361
2004 25.64819794
2005 24.07340587
2006 21.91932588
2007 24.8699642
2008 28.71117516
2009 35.95267869
2010 31.42211391
2011 28.68618309
2012 28.51443139
2013 30.40092579
2014 31.9266588
2015 36.52335059
2016 35.05318267
2017 32.68917073
2018 32.20437885
2019 29.0953259
2020 27.86073421
2021 26.46098382
2022 23.70705845

Algeria | Imports of goods and services (% of GDP)

Imports of goods and services represent the value of all goods and other market services received from 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 (formerly called factor services) and transfer payments. Limitations and exceptions: 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. Although the data from the payments side provide reasonably reliable records of cross-border transactions, they may not adhere strictly to the appropriate definitions of valuation and timing used in the balance of payments or corresponds to the change-of ownership criterion. This issue has assumed greater significance with the increasing globalization of international business. Neither customs nor balance of payments data usually capture the illegal transactions that occur in many countries. Goods carried by travelers across borders in legal but unreported shuttle trade may further distort trade statistics. Statistical concept and methodology: Gross domestic product (GDP) from the expenditure side is made up of household final consumption expenditure, general government final consumption expenditure, gross capital formation (private and public investment in fixed assets, changes in inventories, and net acquisitions of valuables), and net exports (exports minus imports) of goods and services. Such expenditures are recorded in purchaser prices and include net taxes on products.
Publisher
The World Bank
Origin
People's Democratic Republic of Algeria
Records
63
Source