Honduras | 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 Honduras
Records
63
Source
Honduras | Imports of goods and services (constant 2015 US$)
1960 1146804175.595
1961 1171184311.1467
1962 1283395449.0044
1963 1541262336.8502
1964 1728176709.4127
1965 2024490383.4637
1966 2368000601.9148
1967 2634306893.0325
1968 2890611082.6339
1969 2785276410.1629
1970 3156917373.7517
1971 2819346015.7197
1972 2700570904.196
1973 3263189840.906
1974 3578881376.5834
1975 3322577396.6679
1976 3657023098.6
1977 4316537324.4791
1978 4860402494.3359
1979 4985428925.0487
1980 5097952712.6903
1981 4519705470.6184
1982 3453855148.6667
1983 3535122328.68
1984 4097741266.8877
1985 4113369570.7518
1986 4344668467.5206
1987 4441563951.398
1988 4772883992.737
1989 4832271547.4005
1990 4694742473.6164
1991 4976051939.7747
1992 5348005574.8149
1993 5726210522.0547
1994 5788723743.9014
1995 6020022634.779
1996 6166928691.1412
1997 6079410190.5409
1998 6535756670.0816
1999 6813940472.3517
2000 7073370318.0529
2001 7326890409.7181
2002 7759372321.1122
2003 8371255393.867
2004 9724587380.6309
2005 10076210461.686
2006 10484908014.736
2007 11626357514.492
2008 11903162712.647
2009 8783427739.824
2010 10118926450.349
2011 11400595825.932
2012 12116413149.736
2013 11620066941.127
2014 12011021083.272
2015 13027957170.54
2016 12823263910.235
2017 13741737546.778
2018 14363016539.433
2019 14021598166.281
2020 11427825022.071
2021 15483217880.265
2022 16997408814.517

Honduras | 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 Honduras
Records
63
Source