Benin | Imports of goods and services (current 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 current U.S. dollars. 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 (current US$)
1960 27392931.476229
1961 22470097.88816
1962 23547276.925173
1963 29521377.126378
1964 33034386.503009
1965 43212948.825209
1966 49061961.83591
1967 60547019.946729
1968 62251310.358496
1969 70874406.516736
1970 81609754.667871
1971 93259582.795983
1972 109969550.67946
1973 130886433.37169
1974 163593500.81237
1975 226162498.38437
1976 216705687.16213
1977 260873185.25442
1978 320872361.56863
1979 439163941.3994
1980 524469593.85162
1981 567561866.31071
1982 508205555.35807
1983 345886016.98421
1984 325136016.57699
1985 383239093.31471
1986 435776312.6672
1987 483576069.85602
1988 519824990.12358
1989 372643204.18197
1990 520152830.04573
1991 602729540.38145
1992 567957714.39915
1993 748725748.46834
1994 576481296.54869
1995 790421147.79703
1996 708783072.14766
1997 715320152.69083
1998 797921958.79061
1999 1154049285.5687
2000 941345994.06224
2001 1040788979.3831
2002 1008395973.1101
2003 1228828001.9025
2004 1324063349.9387
2005 1353744164.699
2006 1527581986.8139
2007 2211437454.1411
2008 2509050412.3967
2009 2412711824.8047
2010 2704110555.3484
2011 2819548390.7894
2012 2990340508.5141
2013 3959347660.2849
2014 4495143318.0749
2015 3648295538.4003
2016 3709467045.4081
2017 4352984751.4799
2018 4923520740.3905
2019 4900152194.3269
2020 3915530458.4972
2021 4799723189.8858
2022 5093834923.0265

Benin | Imports of goods and services (current 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 current U.S. dollars. 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