IDA & IBRD total | 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 & IBRD total
Records
63
Source
Create chart Download showed records Download Full dataset
IDA & IBRD total | Imports of goods and services (% of GDP)
11.44386643 1960
11.13357613 1961
10.53644491 1962
10.82810515 1963
10.63243845 1964
10.39834157 1965
10.68869949 1966
10.70324741 1967
10.74605504 1968
10.37224604 1969
10.7699207 1970
10.99136317 1971
10.88429136 1972
11.97424935 1973
15.25191959 1974
16.62379777 1975
16.21685884 1976
16.94393828 1977
16.28149219 1978
16.40851674 1979
18.06529591 1980
18.08981825 1981
17.4992798 1982
16.40713481 1983
16.15785651 1984
16.45998462 1985
15.69139209 1986
16.11625086 1987
17.58513626 1988
18.74864515 1989
18.15272995 1990
18.36808962 1991
23.97835574 1992
21.56784653 1993
21.79201449 1994
22.50738332 1995
22.03686326 1996
22.41046259 1997
21.67840153 1998
22.75900981 1999
24.36688521 2000
24.33522595 2001
25.33722029 2002
26.69541503 2003
28.82937914 2004
28.78361766 2005
28.74721703 2006
28.67656313 2007
29.38138005 2008
25.25246557 2009
26.30487583 2010
27.18146635 2011
27.02876161 2012
26.58627103 2013
25.98532325 2014
23.89787783 2015
23.03366309 2016
23.82172417 2017
25.05077775 2018
23.99060095 2019
22.23429133 2020
24.51141334 2021
25.9136073 2022
IDA & IBRD total | 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 & IBRD total
Records
63
Source
Create chart Download showed records Download Full dataset