Burkina Faso | 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
Burkina Faso
Records
63
Source
Burkina Faso | Imports of goods and services (current US$)
1960 52340174.610585
1961 55303955.634822
1962 59614674.60058
1963 61742268.376203
1964 47262650.253533
1965 48113638.545098
1966 50541598.813574
1967 62777882.985145
1968 70389672.769737
1969 79074219.539152
1970 73994563.600051
1971 96149801.92747
1972 123177198.74417
1973 154654989.69504
1974 183824251.3851
1975 283412263.56416
1976 263748239.83415
1977 344381808.82248
1978 409486698.01883
1979 511997852.93122
1980 602966202.76392
1981 558238055.71746
1982 554827918.01895
1983 473268760.69323
1984 419829292.4086
1985 481677816.60649
1986 589940831.90681
1987 665476421.80055
1988 709757473.8226
1989 618479190.72475
1990 758452847.74761
1991 731992011.58168
1992 655479337.64673
1993 661457472.4579
1994 474345780.20932
1995 633116322.19792
1996 714319725.93699
1997 651175141.15508
1998 789066173.75632
1999 911820910.54279
2000 780034955.1692
2001 721473325.28531
2002 813114613.71343
2003 1002568390.4312
2004 1341080287.7574
2005 1495427536.1584
2006 1581180859.7635
2007 1786796468.4427
2008 2385163308.3146
2009 2505097431.0564
2010 2887043504.9629
2011 3781344358.3388
2012 4351201289.5627
2013 4968860980.9511
2014 4446645106.4129
2015 3902427857.576
2016 4103751193.7851
2017 4629394216.1182
2018 5166928258.6369
2019 4994381288.4091
2020 5127558652.1601
2021 5835070331.1408
2022 6229310025.1117

Burkina Faso | 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
Burkina Faso
Records
63
Source