Thailand | 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
Kingdom of Thailand
Records
63
Source
Thailand | Imports of goods and services (% of GDP)
1960 17.41521516
1961 17.1100957
1962 17.64941741
1963 18.37508341
1964 18.77520984
1965 18.06114306
1966 17.94586899
1967 20.2114601
1968 20.68150437
1969 20.06060467
1970 19.38195393
1971 18.81290737
1972 19.18400955
1973 20.0463758
1974 23.95558687
1975 22.97494341
1976 22.70505012
1977 25.3776947
1978 24.11327267
1979 29.29683378
1980 30.36761782
1981 30.12128482
1982 24.63042218
1983 27.27328968
1984 26.16788234
1985 25.94159905
1986 23.56905798
1987 28.3339735
1988 34.40150204
1989 37.48540547
1990 41.65043612
1991 42.50682546
1992 40.98217002
1993 40.92882756
1994 43.00683908
1995 48.22382987
1996 45.2557278
1997 46.81473194
1998 42.30317089
1999 44.26774584
2000 56.45770461
2001 57.01727652
2002 54.32399042
2003 55.17026807
2004 61.44001638
2005 69.45114993
2006 65.41160416
2007 61.00095182
2008 69.02059343
2009 54.83080636
2010 60.76434948
2011 68.82049784
2012 68.72370288
2013 65.2911331
2014 62.51136028
2015 57.20297188
2016 53.50434332
2017 54.21859497
2018 56.00376783
2019 50.17062409
2020 46.30479149
2021 58.60543811
2022 68.09655896

Thailand | 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
Kingdom of Thailand
Records
63
Source