Malta | 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
Republic of Malta
Records
63
Source
Malta | Imports of goods and services (current US$)
1960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970 178912116.21677
1971 182399240.7466
1972 199083145.81458
1973 262352694.68048
1974 380157924.04499
1975 409750864.66585
1976 456620115.11663
1977 565700620.10776
1978 639163194.83124
1979 847294011.97605
1980 1080289709.1723
1981 1001867673.1794
1982 945154375
1983 858687779.21175
1984 842635347.79775
1985 884790812.59151
1986 1059441664.846
1987 1374164264.4135
1988 1613825872.5834
1989 1747152500.6159
1990 2258063352.6948
1991 2416347144.7543
1992 2680610176.336
1993 2549153958.4503
1994 2870834261.0474
1995 4566026264.5914
1996 4442115292.9967
1997 4322433544.6558
1998 4589015360.8133
1999 4840292724.9247
2000 5224306697.0138
2001 4613063207.7809
2002 4940016154.0462
2003 6013495698.7386
2004 6678629805.7599
2005 7315905766.1195
2006 8841301739.5285
2007 10546509379.96
2008 13664973117.208
2009 12864369743.604
2010 13634151264.083
2011 15336863331.521
2012 15096877214.257
2013 15653107005.945
2014 16023781615.106
2015 16066236197.06
2016 16943113264.841
2017 18712852346.508
2018 21873184228.937
2019 23296777779.542
2020 24304808345.465
2021 26925429527.232
2022 27633210085.401

Malta | 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
Republic of Malta
Records
63
Source