Bangladesh | 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 Republic of Bangladesh
Records
63
Source
Bangladesh | Imports of goods and services (% of GDP)
1960 9.30725837
1961 11.69999897
1962 10.80809699
1963 11.65627794
1964 14.12185539
1965 13.3665973
1966 12.65182215
1967 12.59571799
1968 11.60633145
1969 11.66532876
1970 12.50748406
1971 10.72758452
1972 13.73255915
1973 11.85524718
1974 10.3485456
1975 8.10054724
1976 17.63619316
1977 12.38144623
1978 15.4808518
1979 15.79784406
1980 17.88294732
1981 14.11629594
1982 15.53162433
1983 14.71303159
1984 13.41547204
1985 12.83770602
1986 11.83581054
1987 11.69774799
1988 12.24976334
1989 12.7850303
1990 13.05818553
1991 12.22721492
1992 12.34732859
1993 14.10431403
1994 13.86432091
1995 17.34486186
1996 16.36958007
1997 15.80514283
1998 16.12273217
1999 16.62929817
2000 16.97751313
2001 18.71145786
2002 16.55741179
2003 16.2267362
2004 15.7117252
2005 20.00409297
2006 21.75846087
2007 22.94704781
2008 24.96205555
2009 23.15266332
2010 21.77872999
2011 27.49877488
2012 27.94933388
2013 26.75852861
2014 25.5244202
2015 24.74932252
2016 17.41294565
2017 17.17998304
2018 19.83984603
2019 18.48329528
2020 15.82865931
2021 17.0612258
2022 20.89774084

Bangladesh | 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 Republic of Bangladesh
Records
63
Source