Uruguay | Imports of goods and services (constant 2015 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 constant 2015 prices, expressed in U.S. dollars. Development relevance: An economy's growth is measured by the change in the volume of its output or in the real incomes of its residents. The 2008 United Nations System of National Accounts (2008 SNA) offers three plausible indicators for calculating growth: the volume of gross domestic product (GDP), real gross domestic income, and real gross national income. The volume of GDP is the sum of value added, measured at constant prices, by households, government, and industries operating in the economy. GDP accounts for all domestic production, regardless of whether the income accrues to domestic or foreign institutions. 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
Eastern Republic of Uruguay
Records
63
Source
Uruguay | Imports of goods and services (constant 2015 US$)
1960 1414421827.9827
1961 1345310480.38
1962 1525781227.0807
1963 1170922809.024
1964 1281211871.1688
1965 977561690.19806
1966 1083554032.4556
1967 1211386181.4194
1968 1121150855.5782
1969 1378610868.5711
1970 1774292598.8831
1971 1816689538.0223
1972 1675517699.857
1973 1832333088.0099
1974 1728501535.85
1975 1886382522.479
1976 1929050795.2585
1977 2088707777.4899
1978 2236988526.5122
1979 2720942115.5256
1980 2928250018.4955
1981 2957761128.4421
1982 2555592088.2421
1983 1937376405.6223
1984 1659879183.2624
1985 1642412685.8102
1986 2124591035.1785
1987 2460341133.7537
1988 2450039178.1648
1989 2571227637.7353
1990 2554323065.128
1991 3016084814.8323
1992 3773840471.9656
1993 4423893872.9302
1994 5232175943.9902
1995 5073291691.0667
1996 5648140811.0674
1997 6396250100.6509
1998 6805740912.5024
1999 6501412197.6319
2000 6539273088.7828
2001 6196554487.5502
2002 4907463984.3461
2003 4914327709.9101
2004 6185692747.6153
2005 6791140494.278
2006 7855401340.8497
2007 8320723261.2407
2008 10353891685.987
2009 9456629077.5738
2010 10740614757.53
2011 12073368776.92
2012 13719919853.969
2013 14105964437.39
2014 14212708055.055
2015 13180179645.555
2016 12316226938.236
2017 13243179355.884
2018 13328547139.646
2019 13495971495.43
2020 11848754845.612
2021 14001653645.594
2022 15745958673.642

Uruguay | Imports of goods and services (constant 2015 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 constant 2015 prices, expressed in U.S. dollars. Development relevance: An economy's growth is measured by the change in the volume of its output or in the real incomes of its residents. The 2008 United Nations System of National Accounts (2008 SNA) offers three plausible indicators for calculating growth: the volume of gross domestic product (GDP), real gross domestic income, and real gross national income. The volume of GDP is the sum of value added, measured at constant prices, by households, government, and industries operating in the economy. GDP accounts for all domestic production, regardless of whether the income accrues to domestic or foreign institutions. 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
Eastern Republic of Uruguay
Records
63
Source