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

Imports of goods and services (% of GDP) in Bangladesh was 18.53 as of 2020. Its highest value over the past 60 years was 27.95 in 2012, while its lowest value was 8.10 in 1975.

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
1960 9.31
1961 11.70
1962 10.81
1963 11.66
1964 14.12
1965 13.37
1966 12.65
1967 12.60
1968 11.61
1969 11.67
1970 12.51
1971 10.73
1972 13.73
1973 11.86
1974 10.35
1975 8.10
1976 17.64
1977 12.38
1978 15.48
1979 15.80
1980 17.88
1981 14.12
1982 15.53
1983 14.71
1984 13.42
1985 12.84
1986 11.84
1987 11.70
1988 12.25
1989 12.79
1990 13.06
1991 12.23
1992 12.35
1993 14.10
1994 13.86
1995 17.34
1996 16.37
1997 15.81
1998 16.12
1999 16.63
2000 16.98
2001 18.71
2002 16.56
2003 16.23
2004 15.71
2005 20.00
2006 21.76
2007 22.95
2008 24.96
2009 23.15
2010 21.78
2011 27.50
2012 27.95
2013 26.76
2014 25.52
2015 24.75
2016 21.30
2017 20.27
2018 23.44
2019 21.44
2020 18.53

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