Congo, Rep. | 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 the Congo
Records
63
Source
Congo, Rep. | Imports of goods and services (constant 2015 US$)
1960 691336514.15508
1961 768986627.62311
1962 633725154.85385
1963 598657318.41614
1964 621200908.54571
1965 608676706.05253
1966 646985354.43599
1967 764038365.274
1968 848104120.00413
1969 941745807.65128
1970 1044963180.9993
1971 1049218130.9663
1972 1053481279.3773
1973 1057736228.5725
1974 1061991178.5395
1975 1115198545.7638
1976 1067311915.0155
1977 1001331500.2478
1978 992821601.05593
1979 793832523.45331
1980 1121585069.5504
1981 1656831509.194
1982 2410318337.719
1983 1894641387.0378
1984 1834793347.051
1985 1840532200.3455
1986 1438812477.1153
1987 1097760630.6506
1988 1106778828.5366
1989 1081363892.6436
1990 1135432087.2046
1991 1784820862.504
1992 1033839931.8312
1993 1935356942.4238
1994 3377402538.5455
1995 2892144109.203
1996 3009805572.4326
1997 3156423766.9592
1998 3144039750.0467
1999 3331849477.6097
2000 3480430018.6557
2001 3699408867.0505
2002 3873017436.5139
2003 4030873494.2978
2004 3943389495.2579
2005 4636685555.4262
2006 4688966658.8574
2007 7249051521.333
2008 6456780760.4221
2009 6596849555.1907
2010 7135490792.5891
2011 6916129980.4474
2012 6894123307.929
2013 6610593861.2858
2014 7664504216.6245
2015 9508127399.7395
2016 8649534915.1947
2017 5084495961.3003
2018 5077529880.9699
2019 4509019016.5864
2020 2896188135.9681
2021 3620234419.2281
2022 3833828249.8501

Congo, Rep. | 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 the Congo
Records
63
Source