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

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