Europe & Central Asia | Imports of goods and services (current 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 current U.S. dollars. 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
Europe & Central Asia
Records
63
Source
Europe & Central Asia | Imports of goods and services (current US$)
1960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970 207876352606.75
1971 231772138634.98
1972 276901788460.03
1973 381110606234.35
1974 517057100479.9
1975 541016452211.87
1976 604631246402.41
1977 682770528841.38
1978 793993690175.07
1979 1029991073714.8
1980 1238234639357.5
1981 1118524622032.1
1982 1071977754813.1
1983 1026999045873.7
1984 1035659783609.3
1985 1075119340575.3
1986 1302081862224.4
1987 1594560805401.7
1988 1801886889331.5
1989 1932256933014.4
1990 2290710514899.2
1991 2273237154654.2
1992 2589184772791.3
1993 2250712570687.1
1994 2431411983393.3
1995 2931193812388.5
1996 3009111504088.2
1997 3017717057943.8
1998 3153526400895
1999 3188651330726.2
2000 3350496772020.9
2001 3349824566444.9
2002 3529010966558.2
2003 4245844484099.6
2004 5121003113536.7
2005 5690499026132.3
2006 6529804675112.5
2007 7729675165756.8
2008 8734218129786.3
2009 6808035789983.8
2010 7620864437469.8
2011 8954649099950.3
2012 8581738831660.7
2013 8903948616024.3
2014 9051510419348.8
2015 7904341761186.7
2016 7943291288277.3
2017 8752089625636.8
2018 9637948335488.9
2019 9606643531168
2020 8732706996019.8
2021 10655188887274
2022 12045697788524

Europe & Central Asia | Imports of goods and services (current 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 current U.S. dollars. 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
Europe & Central Asia
Records
63
Source