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