Congo, Rep. | 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 the Congo
Records
63
Source
Congo, Rep. | Imports of goods and services (current US$)
1960 112771915.45519
1961 126893746.46024
1962 104827975.21516
1963 99632771.855295
1964 104822271.06687
1965 105279938.25405
1966 112749007.7609
1967 132519860.55435
1968 143800836.15639
1969 150792096.65078
1970 158825947.04415
1971 169598347.20709
1972 212675136.60318
1973 235094360.7703
1974 348144058.42765
1975 489004628.27949
1976 502196074.13743
1977 499430789.32692
1978 536657900.22027
1979 582921406.90676
1980 1025655321.9264
1981 1516938858.0129
1982 1480190944.5101
1983 1085638605.693
1984 1000785739.2431
1985 1210204367.5477
1986 992475138.39672
1987 887412826.663
1988 894415286.06219
1989 832266750.21392
1990 532937075.94682
1991 764320167.71344
1992 482474332.47847
1993 841262291.22952
1994 1313209353.6903
1995 1345946345.827
1996 1523134197.6032
1997 1397383585.8565
1998 1415791994.1846
1999 1391767818.0408
2000 1407787623.3147
2001 1490991861.9856
2002 1636664194.6702
2003 2664560797.1711
2004 2367531821.9794
2005 2962430014.5999
2006 3885735888.2425
2007 7035053890.6246
2008 6955613710.3584
2009 6910587818.2779
2010 7302180476.7817
2011 7981116108.3364
2012 6964355812.1885
2013 7195794099.248
2014 9150269361.6332
2015 9508127399.7395
2016 8765908438.9396
2017 5521267178.7277
2018 5669097128.4544
2019 4944515369.2547
2020 3278597612.8842
2021 4849434373.0727
2022 5433022695.0102

Congo, Rep. | 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 the Congo
Records
63
Source