Dominican Republic | 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
Dominican Republic
Records
63
Source
Dominican Republic | Imports of goods and services (constant 2015 US$)
1960 1397726501.3574
1961 1229325700.2758
1962 2336560787.6993
1963 2781770955.8301
1964 3206981357.7571
1965 1973446626.93
1966 2685256800.1541
1967 2679530458.4625
1968 2894745560.957
1969 3168377608.5716
1970 3560329975.4175
1971 3307208839.4568
1972 3483724292.5026
1973 3956867190.5638
1974 4742526628.6963
1975 4845292773.1912
1976 4656127964.8281
1977 4912492673.7161
1978 4787782260.8268
1979 5365741011.8939
1980 6048371920.5114
1981 5167940875.9068
1982 4224202055.1703
1983 4390193259.5127
1984 4143358995.4198
1985 4315487610.4266
1986 5176466101.1599
1987 6109295459.7985
1988 6221330868.3069
1989 7202422929.9001
1990 6166626106.9781
1991 6326958385.9718
1992 7666008916.3758
1993 8212027428.7942
1994 8915202402.1165
1995 9367820787.319
1996 9684376743.2288
1997 11350629996.438
1998 13271179813.315
1999 13404740066.11
2000 14414366436.834
2001 13565536255.788
2002 13595374938.289
2003 12225630795.112
2004 12945547493.545
2005 14074295884.303
2006 14924468417.237
2007 15604829542.149
2008 16460234044.361
2009 14727625485.735
2010 17482163937.431
2011 17501836027.935
2012 17768371124.604
2013 17379977552.278
2014 18210090713.43
2015 20217568219.191
2016 21859831022.149
2017 21209362819.127
2018 23017599787.974
2019 24355585345.798
2020 20821754538.029
2021 26165787263.923
2022 29932321586.775

Dominican Republic | 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
Dominican Republic
Records
63
Source