East Asia & Pacific (IDA & IBRD countries) | 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 (IDA & IBRD countries)
Records
63
Source
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East Asia & Pacific (IDA & IBRD countries) | Imports of goods and services (% of GDP)
7.38809651 1960
6.62286742 1961
6.8034269 1962
7.10865889 1963
6.80071284 1964
6.87310004 1965
6.90617227 1966
6.95369683 1967
7.22098916 1968
6.59466271 1969
6.79411372 1970
6.40432741 1971
6.95344073 1972
8.63840963 1973
12.07030757 1974
11.29918516 1975
11.40689217 1976
11.68246237 1977
12.34171481 1978
13.79386106 1979
14.95583234 1980
17.13519992 1981
16.49982151 1982
16.83774369 1983
16.4484891 1984
18.42283209 1985
17.09507119 1986
17.33184232 1987
19.0159441 1988
19.10551488 1989
21.95681441 1990
23.87062306 1991
24.10919896 1992
24.31794932 1993
28.87276627 1994
29.47752387 1995
28.18940638 1996
27.52512401 1997
24.89043938 1998
25.16999223 1999
29.06166159 2000
27.77085139 2001
28.54208127 2002
31.44286293 2003
35.26646887 2004
35.44410997 2005
34.47030802 2006
32.47849219 2007
31.00082208 2008
24.90898264 2009
27.67622771 2010
28.36076242 2011
27.07963841 2012
26.26223343 2013
25.28552241 2014
21.95840321 2015
21.08211388 2016
21.94871548 2017
22.64750486 2018
21.41859864 2019
19.5501508 2020
21.22137984 2021
22.06826894 2022
East Asia & Pacific (IDA & IBRD countries) | 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 (IDA & IBRD countries)
Records
63
Source
Create chart Download showed records Download Full dataset