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

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