Turkiye | 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
Republic of Turkiye
Records
63
Source
Turkiye | Imports of goods and services (% of GDP)
1960 3.67107195
1961 6.81502086
1962 7.97011208
1963 6.97424893
1964 5.46719682
1965 5.38532962
1966 5.67375887
1967 4.97159091
1968 5.07936508
1969 4.73744292
1970 6.36132316
1971 8.24742268
1972 8.54375649
1973 9.09340659
1974 11.27470754
1975 11.23177164
1976 10.66569485
1977 10.70718546
1978 7.28870346
1979 5.88171772
1980 11.9278859
1981 12.90469561
1982 15.01686967
1983 16.55783918
1984 19.67350242
1985 18.96624923
1986 16.10202176
1987 17.7574446
1988 17.55286343
1989 17.78075249
1990 17.57789265
1991 16.63488156
1992 17.34512991
1993 19.34328493
1994 20.38372113
1995 24.35102725
1996 27.82665675
1997 30.38860589
1998 19.72918072
1999 18.85400951
2000 22.47323813
2001 22.68953326
2002 22.87727503
2003 23.21891973
2004 25.20108494
2005 24.26608949
2006 26.36803713
2007 25.96129105
2008 26.98196297
2009 23.4168678
2010 25.50033191
2011 30.31047438
2012 28.46992714
2013 28.73428929
2014 28.56075947
2015 26.55726626
2016 25.2446771
2017 29.72274641
2018 31.38151861
2019 30.11907561
2020 32.22296523
2021 35.33874657
2022 42.58592745

Turkiye | 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
Republic of Turkiye
Records
63
Source