Ecuador | 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
Republic of Ecuador
Records
63
Source
Ecuador | Imports of goods and services (constant 2015 US$)
1628972878.6089 1960
1617619479.6265 1961
1797195070.4279 1962
1730673747.4104 1963
1900335102.4806 1964
1989723130.2517 1965
2054130300.4102 1966
2476158887.0125 1967
2785053225.0409 1968
2785696842.1431 1969
2875251735.5436 1970
3461450535.7655 1971
3263334903.4222 1972
3859446364.0685 1973
5670741606.6795 1974
5983205746.6277 1975
6102189972.208 1976
7158169441.2798 1977
7428434790.0364 1978
7602645669.7123 1979
8319871991.7363 1980
8060128227.3911 1981
8286156265.3613 1982
6436588535.1447 1983
6205197420.0948 1984
6733580742.0407 1985
6699619771.2309 1986
7903376358.8466 1987
6544527190.643 1988
6843230127.0113 1989
6736798827.5514 1990
7530963712.1967 1991
7868792108.278 1992
7825460407.429 1993
9075693806.2312 1994
10094910536.365 1995
8823257129.7298 1996
10633161058.791 1997
11327694494.55 1998
7748654635.6968 1999
8742166160.1168 2000
10990860235.665 2001
13080771100.96 2002
12549733157.547 2003
13914755307.622 2004
15917831698.272 2005
17473563098.759 2006
18706315952.772 2007
21407360397.582 2008
19283902486.231 2009
22142567323.78 2010
22949977800.534 2011
23141578305.111 2012
24753613042.578 2013
25930549459.538 2014
23815449000 2015
21524322851.968 2016
24158127254.319 2017
25222096906.709 2018
25303680757.821 2019
21801800779.737 2020
24689793262.749 2021
25798938136.35 2022
Ecuador | 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
Republic of Ecuador
Records
63
Source