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