Ghana | 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
Republic of Ghana
Records
63
Source
Ghana | Imports of goods and services (current US$)
1960 433802816.90141
1961 477464788.73239
1962 395774647.88732
1963 425352112.67606
1964 415492957.74648
1965 552112676.05634
1966 419718309.85915
1967 348837209.30233
1968 347058823.52941
1969 399019607.84314
1970 502941176.47059
1971 491262135.92233
1972 321804511.2782
1973 494827586.2069
1974 631055900.62112
1975 518085106.38298
1976 443644067.79661
1977 368285714.28571
1978 354799301.91972
1979 448717948.71795
1980 406950207.46888
1981 224767441.86046
1982 120354808.5901
1983 242989417.98942
1984 475228310.50228
1985 612106092.43698
1986 1154912516.8237
1987 1328870748.2993
1988 1250692246.8354
1989 1278473225.8662
1990 1522350993.3775
1991 1685450044.8821
1992 1845761703.1017
1993 2173595289.1122
1994 2002227733.1324
1995 2128504594.9597
1996 2779627874.5559
1997 3651882360.9836
1998 3496235605.5821
1999 3830248309.5375
2000 3350776353.9168
2001 3444719916.7952
2002 3383577207.4552
2003 4320740016.8904
2004 5361446367.1282
2005 6631794425.3758
2006 8325374081.938
2007 10136811817.044
2008 12757957187.997
2009 11019356824.751
2010 14779077373.647
2011 19416125145.91
2012 21795097067.348
2013 22188740808.035
2014 19505414912.44
2015 21091211319.96
2016 20603408036.744
2017 22151751019.202
2018 23220563122.57
2019 26908215747.236
2020 24550159768.421
2021 25966879997.244
2022 26327411331.657
Ghana | 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
Republic of Ghana
Records
63
Source