Burundi | 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
Republic of Burundi
Records
63
Source
Burundi | Imports of goods and services (% of GDP)
1960 13.39285783
1961 14.65517299
1962 16.39344216
1963 14.28571441
1964 12.08053731
1965 12.53428946
1966 12.99218038
1967 11.88577655
1968 13.36681223
1969 12.0945743
1970 11.62101972
1971 14.17168014
1972 15.07496967
1973 13.33273113
1974 15.53393773
1975 19.00177059
1976 16.65287675
1977 17.29141892
1978 20.2264008
1979 22.72214152
1980 23.29206503
1981 22.0376957
1982 26.90744599
1983 24.74775974
1984 23.55230979
1985 20.78690239
1986 22.3156305
1987 25.73863173
1988 25.95318325
1989 22.9435654
1990 27.77514726
1991 28.50518278
1992 29.47695089
1993 27.16103576
1994 28.48175853
1995 27.27828356
1996 15.75340125
1997 14.43990665
1998 19.44027986
1999 15.9639877
2000 16.23475389
2001 15.78484345
2002 16.98802523
2003 20.99489805
2004 24.62336989
2005 28.89999868
2006 35.1
2007 31.99999864
2008 36.69999932
2009 29.20000329
2010 29.80000376
2011 34.20000255
2012 34.00927787
2013 37.50882302
2014 34.29900461
2015 16.42100985
2016 16.65920307
2017 16.21371877
2018 20.91404815
2019 23.85417
2020 22.22401
2021 23.81837
2022 23.34422185

Burundi | 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
Republic of Burundi
Records
63
Source