Heavily indebted poor countries (HIPC) | 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
Heavily indebted poor countries (HIPC)
Records
63
Source
Heavily indebted poor countries (HIPC) | Imports of goods and services (current US$)
1960
1961
1962
1963
1964
1965
1966
1967 5359624822.7001
1968 5712263733.3298
1969 5996141747.6666
1970 6674446799.6367
1971 7330828396.2645
1972 7824700867.4384
1973 9783707247.3668
1974 13415342489.686
1975 16295892339.843
1976 17005125947.523
1977 19793336211.046
1978 24449076191.855
1979 29788673916.868
1980 34580143275.837
1981 34325674943.511
1982 31410441010.914
1983 28064711042.064
1984 28538998774.103
1985 28466313648.869
1986 30597621045.691
1987 33957509671.073
1988 32830582542.113
1989 32413703324.88
1990 35678674186.388
1991 39543903510.601
1992 35308525242.647
1993 34656644461.116
1994 34703173381.058
1995 41214879267.783
1996 45116403559.041
1997 46100275131.142
1998 50012394040.053
1999 49691036092.952
2000 51366676671.208
2001 51005295074.692
2002 55947875248.227
2003 65292762469.275
2004 78116523729.232
2005 94830631254.917
2006 110797534619.4
2007 140330892875.95
2008 171631300530.49
2009 155109168093.85
2010 181598638870.65
2011 213950348498.48
2012 225683501246.29
2013 242686483295.09
2014 249207257908.89
2015 236046708938.89
2016 228435845646.01
2017 245202954190.29
2018 252772495186.15
2019 254297034334.49
2020 231011698448.02
2021 278716555665.44
2022 329366331523.01

Heavily indebted poor countries (HIPC) | 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
Heavily indebted poor countries (HIPC)
Records
63
Source