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