Middle income | 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
Middle income
Records
63
Source
Middle income | Imports of goods and services (current US$)
36378965541.204 1960
34669938368.242 1961
32670262909.339 1962
37300652080.486 1963
41812320043.425 1964
45001089957.983 1965
46937327489.809 1966
49040649630.187 1967
51467537432.203 1968
54866190973.827 1969
63563895736.123 1970
69612177466.015 1971
76948205358.451 1972
106205602384.35 1973
168656589064.94 1974
206248913472.16 1975
212605457086.26 1976
244752894218.49 1977
270727779430.1 1978
332388570253.33 1979
450630193646.67 1980
503304797774.18 1981
471043809494.47 1982
454296243231.67 1983
452906307942.64 1984
461485405548.12 1985
444293675843.65 1986
475449454631.96 1987
565391116906.87 1988
616242642000.39 1989
663550026667.13 1990
641125757620.46 1991
882664450511.06 1992
875270161242.25 1993
923376949860.91 1994
1087239064631 1995
1162727958303.3 1996
1250449875681.4 1997
1165893895471.4 1998
1178708705601.6 1999
1391051955446.4 2000
1400412429281.1 2001
1490514354480.3 2002
1772369322245.6 2003
2274207263282 2004
2697661939367.4 2005
3186566249906.7 2006
3896903843228.4 2007
4782622071662.9 2008
4016870441248.6 2009
5115466679671 2010
6297269080184.2 2011
6672461813271.6 2012
6922576275294.7 2013
6962757497449.7 2014
6100123802691.2 2015
5904498190133.4 2016
6713711917786.2 2017
7492852331188.5 2018
7330259751533.2 2019
6527047733494.4 2020
8722470787052.4 2021
9778580176092.2 2022

Middle income | 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
Middle income
Records
63
Source