Costa Rica | 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 Costa Rica
Records
63
Source
Costa Rica | Imports of goods and services (current US$)
1960 132338590.91958
1961 122861638.37836
1962 124825190.59864
1963 138870092.17906
1964 155005187.89191
1965 196800000
1966 199200000
1967 218369811.32076
1968 251154716.98113
1969 272754716.98113
1970 340543396.22641
1971 399678048.02807
1972 453262999.24642
1973 563763567.14055
1974 801954602.77427
1975 755869311.55192
1976 842240373.39557
1977 1116359393.2322
1978 1269463243.874
1979 1500945157.5262
1980 1778891481.9137
1981 1264048112.4835
1982 1099079476.9285
1983 1157473273.5184
1984 1243520405.0023
1985 1272805940.5941
1986 1347578853.0466
1987 1621277680.4206
1988 1652553107.2701
1989 2033817038.5896
1990 2347212147.695
1991 2737000652.6178
1992 3495369452.9759
1993 4150830308.5452
1994 4416263838.4629
1995 4821924110.6719
1996 5143782042.7519
1997 5803238051.5907
1998 6578730704.1487
1999 6411945482.7079
2000 6545131998.118
2001 6445457524.5538
2002 6828718281.6408
2003 7367441232.1276
2004 8011642171.1232
2005 9170225548.4641
2006 10562844259.169
2007 12333210658.41
2008 14660106511.608
2009 10800050971.069
2010 13061016238.534
2011 15465815787.567
2012 16718693908.271
2013 17055279990.539
2014 17596280793.74
2015 17360351863.906
2016 18194546245.82
2017 19552292622.889
2018 20727758848.597
2019 20249829012.559
2020 17616395250.439
2021 22479844457.554
2022 27069161692.78

Costa Rica | 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 Costa Rica
Records
63
Source