IDA blend | 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
IDA blend
Records
63
Source
IDA blend | Imports of goods and services (current US$)
1960 2233472252.0208
1961 2428121777.9581
1962 2522607255.574
1963 2822872864.1827
1964 3102267782.5842
1965 3688829845.3392
1966 3454608296.6033
1967 3999827156.47
1968 4065281518.3412
1969 4184868645.2345
1970 4899979828.9412
1971 5631906381.5788
1972 5146436396.9556
1973 5850802682.3636
1974 8815606907.9835
1975 11180320534.778
1976 11018862090.001
1977 12661729918.469
1978 15721427580.53
1979 18871976117.223
1980 24752145586.906
1981 27316664729.319
1982 26661692288.164
1983 24714502521.15
1984 25732526212.675
1985 26628275794.381
1986 26107317784.369
1987 26237742700.331
1988 28157770606.603
1989 30106976941.029
1990 30321782994.647
1991 31138398181.3
1992 34120366472.31
1993 35269488392.51
1994 35174032816.23
1995 41276942604.483
1996 47429592889.186
1997 47845167202.089
1998 40668949973.294
1999 38353729097.564
2000 40467334873.176
2001 43093673503.935
2002 41777399733.657
2003 48941163700.43
2004 58482783485.368
2005 74405226331.585
2006 92167691262.419
2007 109190420406.84
2008 138283553345.36
2009 124908200357.59
2010 133456756629.28
2011 158269281682.48
2012 167338004282.78
2013 167882777079.75
2014 175544723020.43
2015 167507657592.8
2016 161631146696.66
2017 176325472221.15
2018 211465492342.85
2019 203516294234.65
2020 169417050073.3
2021 208754709259.81
2022 263418009877.81

IDA blend | 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
IDA blend
Records
63
Source