Spain | 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
Kingdom of Spain
Records
63
Source
Spain | Imports of goods and services (current US$)
1960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970 5612317565.9615
1971 6005008383.2335
1972 8184905513.8493
1973 11627327241.576
1974 18006241707.528
1975 19179420289.855
1976 20751355384.233
1977 21074990142.388
1978 22236108940.972
1979 30327211204.759
1980 40198398700.395
1981 38729690034.24
1982 38319943964.865
1983 35375280742.459
1984 34830824880.977
1985 36162100782.779
1986 43101606273.019
1987 59271552351.435
1988 73015349235.824
1989 86194007027.407
1990 106699693111.33
1991 113804595676.54
1992 124860130017.88
1993 101029836579.95
1994 113186748230.03
1995 141042167066.99
1996 149163273348.22
1997 150448863636.36
1998 164460407617.77
1999 179583331467.18
2000 188597988059.61
2001 189199946437.8
2002 202315899879.61
2003 252598296012.16
2004 311225603516.22
2005 343611512778.21
2006 389914914257.65
2007 468185448712.94
2008 495423979648.44
2009 356956901753.52
2010 383635889000
2011 433229369007.78
2012 389343643913.67
2013 393448328527.45
2014 416625816965.49
2015 365693229724.22
2016 368554460451.36
2017 414020243408.24
2018 461056450172.55
2019 445722134501.96
2020 375005826490.27
2021 480171276565.88
2022 562334291054.48

Spain | 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
Kingdom of Spain
Records
63
Source