Gabon | 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
Gabonese Republic
Records
63
Source
Gabon | Imports of goods and services (constant 2015 US$)
192540532.93811 1960
221471492.38011 1961
234440529.65033 1962
292302448.53435 1963
323228654.47205 1964
352159613.91406 1965
389372664.26366 1966
492747656.27612 1967
529961876.69999 1968
589229687.65339 1969
631267038.73895 1970
658143760.08724 1971
771168896.86329 1972
771168896.86329 1973
1680853292.9063 1974
2154995780.5335 1975
2425145468.5783 1976
2396890155.1659 1977
1946179850.1324 1978
1661556886.6622 1979
1929640628.0167 1980
2773106002.2814 1981
2508260981.4334 1982
2877956670.3218 1983
2926886982.0425 1984
2981642330.9551 1985
2857763208.2345 1986
1736637731.6453 1987
1973134238.5573 1988
2107498427.9406 1989
2008084461.2375 1990
1969344933.4677 1991
2006177979.8528 1992
2122842503.4586 1993
1780991933.4631 1994
1793663476.8754 1995
1837429073.5291 1996
2093866467.9616 1997
2639421362.0027 1998
2023834134.3865 1999
1690351531.5875 2000
1696893578.0104 2001
1835609189.5786 2002
1639985777.1781 2003
1684035170.171 2004
1840274299.8954 2005
2156376475.8726 2006
2234241098.9235 2007
2513685535.7692 2008
2516998494.0248 2009
3312073736.3029 2010
3725934560.8191 2011
4066706623.7676 2012
4170219305.672 2013
4498319295.8552 2014
4015443368.9842 2015
3752275447.84 2016
3479020538.967 2017
5261699304.3746 2018
6601025349.4844 2019
6204255288.115 2020
6420442283.7791 2021
6955366396.5956 2022
Gabon | 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
Gabonese Republic
Records
63
Source