Togo | 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
Togolese Republic
Records
63
Source
Togo | Imports of goods and services (current US$)
38214643.611497 1960
38204515.628881 1961
40229573.796626 1962
42712473.503452 1963
59099320.179919 1964
58272443.783308 1965
67485367.875407 1966
63953413.86869 1967
70392915.558468 1968
86588895.976203 1969
98513350.085459 1970
114270424.75347 1971
129169607.2669 1972
134111082.45661 1973
161892630.18364 1974
331470798.53803 1975
288177610.96573 1976
407864421.04186 1977
633708313.18096 1978
679846176.34866 1979
640383768.79391 1980
509694391.91127 1981
482035879.27464 1982
357943217.74717 1983
383104345.18008 1984
435379773.78295 1985
590807139.40124 1986
633866290.1188 1987
725201597.05907 1988
660797859.05507 1989
738251886.24832 1990
665492372.6097 1991
612032538.55226 1992
395885643.13789 1993
336592976.51186 1994
489834270.05738 1995
646854542.55393 1996
671613127.40597 1997
687344321.15235 1998
615136297.96503 1999
603448586.72293 2000
647029618.64736 2001
727124668.188 2002
960907869.2479 2003
1094482030.4559 2004
1168512522.9583 2005
1214247482.5962 2006
1396901168.5884 2007
1693309261.3774 2008
1716360383.8024 2009
1854510188.3174 2010
2507209432.1608 2011
2312882853.6842 2012
2892638363.2963 2013
2670919336.0228 2014
2441321788.5956 2015
2411075703.358 2016
2101895827.4402 2017
2336770684.7453 2018
2268030418.469 2019
2395207645.8148 2020
2656993638.4734 2021
2824817172.3373 2022
Togo | 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
Togolese Republic
Records
63
Source