IDA blend | Imports of goods and services (% of GDP)
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. 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
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IDA blend | Imports of goods and services (% of GDP)
18.51650716 1960
18.81026888 1961
18.2741153 1962
19.32151313 1963
19.45797471 1964
21.30807317 1965
18.34518545 1966
21.13192672 1967
20.34705549 1968
18.30837702 1969
15.59486911 1970
19.29976193 1971
15.70659887 1972
16.73791508 1973
17.49489016 1974
19.28859412 1975
15.75252388 1976
17.16931781 1977
19.60954235 1978
19.17622742 1979
19.60635025 1980
11.24108735 1981
12.00414179 1982
14.6637621 1983
17.79113963 1984
18.32675478 1985
19.92922735 1986
19.57706443 1987
20.46322566 1988
22.70044724 1989
20.72872057 1990
19.79230736 1991
22.46795118 1992
21.81110115 1993
19.54922856 1994
16.29896676 1995
15.43421348 1996
14.82739275 1997
12.0365709 1998
21.15468406 1999
18.07171664 2000
19.27199072 2001
16.99715409 2002
17.67320925 2003
17.40669058 2004
18.69967955 2005
18.66109929 2006
19.05526421 2007
20.57294706 2008
19.94858637 2009
18.15406789 2010
18.82128989 2011
17.89883923 2012
16.50689921 2013
15.90055655 2014
15.98664149 2015
16.52609484 2016
18.35259194 2017
20.14015824 2018
19.0045528 2019
16.88186654 2020
19.02266399 2021
22.41680238 2022
IDA blend | Imports of goods and services (% of GDP)
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. 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
Create chart Download showed records Download Full dataset