Guatemala | 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
Republic of Guatemala
Records
63
Source
Guatemala | Imports of goods and services (constant 2015 US$)
1960 2269362684.2753
1961 2100396991.2965
1962 2263867995.8151
1963 2931489235.5109
1964 3217220111.1429
1965 3393054510.9795
1966 3449376479.5567
1967 3669169474.0366
1968 3814782352.0089
1969 3733733677.8485
1970 4029080529.9659
1971 4287337302.6871
1972 4048312419.147
1973 4453555768.5647
1974 5092329185.2414
1975 4836819831.3528
1976 6279211410.3547
1977 6865783997.2742
1978 7165251967.0693
1979 6632253930.0153
1980 6060792114.7199
1981 5812151275.9576
1982 4592300110.1475
1983 3680159127.9831
1984 3942537039.5244
1985 3434265708.0534
1986 2934236611.6962
1987 4338164433.72
1988 4501635480.765
1989 4765387091.1514
1990 4950837446.0893
1991 5072396707.5762
1992 6937216740.8584
1993 7244039509.9838
1994 7603436791.0213
1995 8180600041.0691
1996 7619294708.5243
1997 9105249350.2418
1998 11336137456.734
1999 11416841290.125
2000 12105937715.72
2001 12943695726.859
2002 13200803947.808
2003 13271671571.861
2004 14025995733.152
2005 13945771192.11
2006 14845281634.483
2007 15919288803.06
2008 15004380598.634
2009 13833833449.802
2010 15216468393.407
2011 16281922165.233
2012 16736495825.777
2013 17449266807.074
2014 18037340590.741
2015 18695335942.149
2016 18871512607.851
2017 19404590397.33
2018 20166581097.804
2019 21146092249.565
2020 19928805820.947
2021 23812176033.139
2022 24850628871.924

Guatemala | 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
Republic of Guatemala
Records
63
Source