Greece | Imports of goods and services (% of GDP)

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. 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
Hellenic Republic
Records
63
Source
Greece | Imports of goods and services (% of GDP)
1960 14.56990184
1961 14.12113036
1962 14.75848566
1963 15.2725669
1964 16.71815632
1965 17.01907716
1966 15.62064636
1967 15.2281928
1968 15.64925971
1969 15.59885635
1970 15.22699834
1971 15.16236603
1972 16.18776183
1973 20.09286169
1974 21.26118655
1975 21.18132017
1976 20.83001955
1977 20.68136482
1978 19.48386616
1979 20.3584322
1980 25.26174183
1981 25.75086864
1982 24.64242831
1983 24.69940507
1984 24.09752733
1985 24.25417754
1986 24.95752186
1987 24.19427941
1988 23.29865561
1989 24.83810412
1990 25.34971832
1991 24.39314726
1992 23.94375441
1993 22.97813173
1994 21.71751277
1995 22.68259746
1996 23.20927614
1997 23.05196349
1998 25.97169702
1999 28.12151933
2000 34.69729639
2001 33.35122477
2002 30.23614156
2003 29.64547092
2004 29.19032675
2005 29.58863376
2006 31.67622983
2007 35.00410429
2008 35.9681465
2009 28.76165978
2010 29.39918357
2011 31.34418993
2012 33.31870533
2013 32.66929458
2014 34.04072941
2015 33.15053123
2016 32.73174172
2017 36.54485631
2018 41.15712046
2019 41.77515933
2020 39.77622414
2021 48.71412578
2022 58.85997439

Greece | Imports of goods and services (% of GDP)

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. 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
Hellenic Republic
Records
63
Source