Mali | 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
Republic of Mali
Records
63
Source
Mali | Imports of goods and services (% of GDP)
1960
1961
1962
1963
1964
1965
1966
23.9037116 1967
18.09512266 1968
19.01222355 1969
18.20152957 1970
20.21575792 1971
19.56931231 1972
22.84322565 1973
40.87014834 1974
29.26440275 1975
21.03115118 1976
19.57941124 1977
29.82856806 1978
27.22603877 1979
29.2237402 1980
28.80288929 1981
29.63334088 1982
32.08271718 1983
36.87897202 1984
42.71817376 1985
34.95817083 1986
30.4947831 1987
32.24621172 1988
29.00523034 1989
30.93056944 1990
31.25571305 1991
33.87290169 1992
30.39209943 1993
36.99149603 1994
36.68316053 1995
33.62294378 1996
33.21086275 1997
28.9243975 1998
29.77544668 1999
32.94398498 2000
33.88836595 2001
29.74183756 2002
32.85880131 2003
31.63443295 2004
31.13645643 2005
32.54772874 2006
32.49763509 2007
38.33182606 2008
28.80587924 2009
35.14812706 2010
31.18737987 2011
31.26425454 2012
39.87712061 2013
38.08322053 2014
39.59593117 2015
40.32038345 2016
35.85435439 2017
35.6224084 2018
37.95341163 2019
36.33394423 2020
39.34279875 2021
39.76569478 2022
Mali | 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
Republic of Mali
Records
63
Source