Argentina | 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
Argentine Republic
Records
63
Source
Argentina | Imports of goods and services (% of GDP)
1960 7.60404698
1961 5.99494532
1962 9.38368289
1963 7.89045203
1964 5.56371407
1965 4.15058297
1966 4.98968803
1967 4.99706415
1968 5.40371142
1969 6.39871332
1970 4.7358774
1971 6.60795603
1972 6.83787736
1973 5.70950079
1974 6.28900906
1975 5.9786725
1976 5.92149633
1977 7.32639416
1978 5.71540643
1979 6.32976917
1980 6.48369978
1981 7.371928
1982 6.52099302
1983 5.83614942
1984 4.75648612
1985 6.27332705
1986 6.32405525
1987 7.57576407
1988 6.21184564
1989 6.57938879
1990 4.63132241
1991 6.07801081
1992 8.13279311
1993 9.31379991
1994 10.60439714
1995 10.09101283
1996 11.07787165
1997 12.77532874
1998 12.93444601
1999 11.55557045
2000 11.63606955
2001 10.27324737
2002 13.37012736
2003 14.7138051
2004 16.84502668
2005 17.30539424
2006 17.40678527
2007 18.28242031
2008 18.341773
2009 14.49614185
2010 16.03718986
2011 16.75694585
2012 14.28868291
2013 14.71675561
2014 14.00131506
2015 11.78057404
2016 13.56679268
2017 13.96931778
2018 16.32585021
2019 14.70573667
2020 13.59828437
2021 14.93343631
2022 15.3509523

Argentina | 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
Argentine Republic
Records
63
Source