Madagascar | 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 Madagascar
Records
63
Source
Madagascar | Imports of goods and services (constant 2015 US$)
1960 1201182560.0048
1961 1475547273.2112
1962 1468853565.6109
1963 1646188557.4623
1964 1699722154.9688
1965 1743218319.0403
1966 1786714483.1118
1967 1672953647.597
1968 1977433741.2301
1969 2074463462.5399
1970 1994161500.2458
1971 2007545719.5257
1972 1743218285.4911
1973 1776677156.9982
1974 1579270819.4985
1975 1686337868.5904
1976 1221257202.1762
1977 1335018037.646
1978 1512349722.9635
1979 2087847681.865
1980 1629633281.0389
1981 1129753797.9219
1982 1001884297.6962
1983 857592582.97626
1984 996793732.11883
1985 1114039308.2283
1986 970356098.0679
1987 902153030.79414
1988 881227899.80058
1989 787060839.03321
1990 1138175509.8302
1991 910369986.44524
1992 916072975.42089
1993 1043980936.6957
1994 1042771469.3012
1995 1073614675.3016
1996 1116601228.0373
1997 1201931049.4509
1998 1264263378.2639
1999 1339825089.6899
2000 1562972736.8792
2001 1747068153.58
2002 1309912810.719
2003 2054752793.617
2004 2237071861.0511
2005 2080541575.4498
2006 2149710067.6175
2007 2802512889.1682
2008 3840166507.9407
2009 3155717793.9092
2010 2969806165.9612
2011 3044961952.2931
2012 2939907179.6832
2013 3261553692.8671
2014 3488938915.1168
2015 3717317430.5757
2016 3897268088.702
2017 4819930804.2814
2018 5356775731.1355
2019 5600592727.8568
2020 4671652360.3179
2021 5263929905.1042
2022 6308162000.2159

Madagascar | 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 Madagascar
Records
63
Source