East Asia & Pacific (excluding high income) | 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
East Asia & Pacific (excluding high income)
Records
63
Source
East Asia & Pacific (excluding high income) | Imports of goods and services (% of GDP)
1960 7.39309375
1961 6.62734706
1962 6.80802867
1963 7.11346712
1964 6.80531277
1965 6.87774893
1966 6.91084353
1967 6.95840024
1968 7.22587337
1969 6.59912328
1970 6.79870919
1971 6.40865924
1972 6.95814397
1973 8.64425256
1974 12.07847181
1975 11.30682782
1976 11.41460768
1977 11.69036427
1978 12.35006263
1979 13.80319109
1980 14.96594832
1981 17.14679
1982 16.51098182
1983 16.84913257
1984 16.45961469
1985 18.43529312
1986 17.10663413
1987 17.3435654
1988 19.0288063
1989 19.11843766
1990 21.97166578
1991 23.88676891
1992 24.12550619
1993 24.33439774
1994 28.89229552
1995 29.49746218
1996 28.20847342
1997 27.54374173
1998 24.90727503
1999 25.18701696
2000 29.08131861
2001 27.78963532
2002 28.56138685
2003 31.46413057
2004 35.29032276
2005 35.46808401
2006 34.49362339
2007 32.50046032
2008 31.02179073
2009 24.92583083
2010 27.69494764
2011 28.37980158
2012 27.09783912
2013 26.27969709
2014 25.30216868
2015 21.97266946
2016 21.09591343
2017 21.96321398
2018 22.66242305
2019 21.43263866
2020 19.56294472
2021 21.23529882
2022 22.08262418
East Asia & Pacific (excluding high income) | 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
East Asia & Pacific (excluding high income)
Records
63
Source