Albania - Imports of goods and services (% of GDP)

Imports of goods and services (% of GDP) in Albania was 37.86 as of 2020. Its highest value over the past 40 years was 96.29 in 1992, while its lowest value was 16.03 in 1986.

Definition: 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.

Source: World Bank national accounts data, and OECD National Accounts data files.

See also:

Year Value
1980 23.54
1981 22.29
1982 24.74
1983 21.56
1984 20.08
1985 19.11
1986 16.03
1987 16.13
1988 19.92
1989 21.47
1990 24.03
1991 28.59
1992 96.29
1993 64.54
1994 41.12
1995 34.97
1996 33.28
1997 35.23
1998 36.67
1999 34.17
2000 43.34
2001 45.16
2002 47.58
2003 46.17
2004 44.83
2005 47.86
2006 49.06
2007 54.95
2008 52.15
2009 49.85
2010 48.56
2011 51.98
2012 47.57
2013 46.96
2014 47.19
2015 44.53
2016 45.83
2017 46.62
2018 45.24
2019 44.98
2020 37.86

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.

Aggregation method: Weighted average

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts