East Asia & Pacific | 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
Records
63
Source
Create chart Download showed records Download Full dataset
East Asia & Pacific | Imports of goods and services (% of GDP)
14.27441506 1960
13.21898406 1961
12.43430963 1962
12.90151488 1963
11.85095258 1964
12.22102569 1965
12.03882979 1966
11.56736173 1967
11.94384417 1968
11.42175462 1969
11.04146315 1970
10.78328327 1971
10.22912465 1972
11.91522874 1973
16.40637556 1974
15.00576217 1975
15.23905219 1976
14.53160696 1977
13.19033038 1978
16.27218824 1979
18.54188524 1980
18.85010379 1981
18.5964061 1982
17.33186333 1983
17.45971874 1984
16.91735239 1985
13.27834449 1986
13.38600954 1987
14.20568865 1988
15.5488771 1989
16.77509836 1990
16.29771646 1991
16.13820846 1992
15.6947903 1993
16.70354251 1994
18.15470637 1995
20.08626107 1996
21.17166726 1997
19.81653685 1998
19.16553764 1999
21.61573847 2000
21.77918203 2001
22.56180152 2002
23.95340146 2003
26.7524443 2004
28.73052791 2005
31.05304426 2006
31.71300124 2007
32.64321436 2008
26.14407525 2009
29.12866217 2010
30.76625879 2011
30.36556086 2012
30.93555984 2013
30.64961346 2014
27.3076546 2015
25.50502224 2016
26.73609279 2017
27.60732631 2018
26.29839926 2019
24.04851975 2020
26.38138975 2021
28.82853079 2022
East Asia & Pacific | 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
Records
63
Source
Create chart Download showed records Download Full dataset