Benin | Imports of goods and services (constant 2015 US$)

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. Data are in constant 2015 prices, expressed in U.S. dollars. Development relevance: An economy's growth is measured by the change in the volume of its output or in the real incomes of its residents. The 2008 United Nations System of National Accounts (2008 SNA) offers three plausible indicators for calculating growth: the volume of gross domestic product (GDP), real gross domestic income, and real gross national income. The volume of GDP is the sum of value added, measured at constant prices, by households, government, and industries operating in the economy. GDP accounts for all domestic production, regardless of whether the income accrues to domestic or foreign institutions. 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
Republic of Benin
Records
63
Source
Benin | Imports of goods and services (constant 2015 US$)
1960 189092485.04635
1961 153130373.39066
1962 160089900.91699
1963 199532476.88186
1964 218093742.03857
1965 277255850.58505
1966 356140360.4639
1967 444305160.66638
1968 468665427.1989
1969 509267255.68421
1970 551032189.16617
1971 659263085.98087
1972 711460219.43629
1973 702520242.10154
1974 711171733.51731
1975 754424351.6865
1976 704751918.73193
1977 771826493.14464
1978 815958226.42907
1979 1040219412.0626
1980 1227147247.0447
1981 1343019806.6774
1982 1030147840.7112
1983 761903660.8326
1984 762805339.25307
1985 899857842.19997
1986 778246137.19592
1987 713430126.07713
1988 736838877.67529
1989 567059463.47812
1990 767631074.58567
1991 969160756.72248
1992 1156093842.0743
1993 1252492383.5688
1994 1103339872.8846
1995 1164091036.8459
1996 1042295351.0608
1997 1161484130.8844
1998 1276214985.3845
1999 1488214292.2786
2000 1330723219.254
2001 1509663279.0684
2002 1457692427.164
2003 1532299937.7233
2004 1474045699.8293
2005 1409064273.3265
2006 1513679718.3711
2007 1972357668.6304
2008 2055468999.9313
2009 2152935175.5781
2010 2311167752.8752
2011 2205626038.4387
2012 2456235653.4135
2013 3212044051.8684
2014 3683947795.9113
2015 3648295538.4003
2016 3768810745.1243
2017 4308626264.8257
2018 4517107168.0632
2019 4670415433.7982
2020 3746009218.4529
2021 4375075379.3037
2022 5182720275.251

Benin | Imports of goods and services (constant 2015 US$)

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. Data are in constant 2015 prices, expressed in U.S. dollars. Development relevance: An economy's growth is measured by the change in the volume of its output or in the real incomes of its residents. The 2008 United Nations System of National Accounts (2008 SNA) offers three plausible indicators for calculating growth: the volume of gross domestic product (GDP), real gross domestic income, and real gross national income. The volume of GDP is the sum of value added, measured at constant prices, by households, government, and industries operating in the economy. GDP accounts for all domestic production, regardless of whether the income accrues to domestic or foreign institutions. 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
Republic of Benin
Records
63
Source