Costa Rica | 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 Costa Rica
Records
63
Source
Costa Rica | Imports of goods and services (% of GDP)
1960 26.07585904
1961 25.05717491
1962 26.04970488
1963 27.12825015
1964 28.56825802
1965 33.1882381
1966 30.77371657
1967 31.21992207
1968 32.45557634
1969 31.95232734
1970 34.57889599
1971 37.10522785
1972 36.60507802
1973 36.8731792
1974 48.12079608
1975 38.54777881
1976 34.91071601
1977 36.33477341
1978 36.03145066
1979 37.19335821
1980 36.81902092
1981 48.17618039
1982 42.16487168
1983 36.7828696
1984 33.97153197
1985 32.47613427
1986 30.49522
1987 35.76648647
1988 35.81117324
1989 38.73180458
1990 41.09489586
1991 38.03356927
1992 40.81448325
1993 43.31511294
1994 42.11264933
1995 41.64516005
1996 44.04517099
1997 46.00412978
1998 48.07518019
1999 44.98074802
2000 43.59460135
2001 40.34418622
2002 41.18940913
2003 42.65599462
2004 43.04882373
2005 45.75814153
2006 46.5005195
2007 45.87445834
2008 47.59505206
2009 35.1270127
2010 34.68267834
2011 36.16667563
2012 35.39722196
2013 33.47476123
2014 33.82832677
2015 30.75790407
2016 30.91838188
2017 32.3092706
2018 33.20683124
2019 31.43520846
2020 28.23338859
2021 34.60528528
2022 39.09264036

Costa Rica | 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 Costa Rica
Records
63
Source