IDA & IBRD total | 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 & IBRD total
Records
63
Source
IDA & IBRD total | Imports of goods and services (current US$)
41110087526.892 1960
39901747738.156 1961
38555195283.291 1962
43364428022.551 1963
47891432217.712 1964
51391249716.551 1965
53917432442.001 1966
56107051150.504 1967
59176536658.151 1968
63508475826.868 1969
72745206548.286 1970
79409255738.351 1971
87471565641.06 1972
119757088974.94 1973
190921053234.81 1974
232426962723.27 1975
242587576864.36 1976
285526923710.17 1977
316208975902.68 1978
385983814355.02 1979
518202575261.14 1980
578838111804.64 1981
536657229542.27 1982
500013009967.26 1983
499851444171.77 1984
509184435917.18 1985
495420956524.96 1986
535448319481.89 1987
628318950254.7 1988
676969602488.48 1989
732611322838.72 1990
725075668213.95 1991
990058217082.94 1992
987190840153.58 1993
1042323856224.5 1994
1221993203939.5 1995
1313645377329.9 1996
1415438435659.2 1997
1342292999111.3 1998
1342457050656.6 1999
1570638188079.8 2000
1587610009149 2001
1686025860976.5 2002
1994467482966.5 2003
2561587393885.7 2004
3049205221580.8 2005
3612233658369.2 2006
4452716737817.5 2007
5469432642489.7 2008
4564510764731.3 2009
5755834316615 2010
6957637496469.1 2011
7349773114651.8 2012
7640879346704.1 2013
7742725470754.2 2014
6690392842829.3 2015
6496829177607.6 2016
7390327334227.5 2017
8251259257239.1 2018
8082830542132.2 2019
7222644122065 2020
9385277828129.8 2021
10514177222642 2022

IDA & IBRD total | 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 & IBRD total
Records
63
Source