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

Imports of goods and services (% of GDP) in Burundi was 27.92 as of 2020. Its highest value over the past 60 years was 37.50 in 2013, while its lowest value was 11.62 in 1970.

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 13.39
1961 14.66
1962 16.39
1963 14.29
1964 12.08
1965 12.53
1966 12.99
1967 11.89
1968 13.37
1969 12.09
1970 11.62
1971 14.17
1972 15.07
1973 13.33
1974 15.53
1975 19.00
1976 16.65
1977 17.29
1978 20.23
1979 22.72
1980 23.29
1981 22.04
1982 26.91
1983 24.75
1984 23.55
1985 20.79
1986 22.32
1987 25.74
1988 25.95
1989 22.94
1990 27.78
1991 28.51
1992 29.48
1993 27.16
1994 28.48
1995 27.28
1996 15.75
1997 14.44
1998 19.44
1999 15.96
2000 16.23
2001 15.78
2002 16.99
2003 20.99
2004 24.62
2005 28.90
2006 35.10
2007 32.00
2008 36.70
2009 29.20
2010 29.80
2011 34.20
2012 34.00
2013 37.50
2014 34.15
2015 26.81
2016 25.09
2017 26.95
2018 29.81
2019 32.73
2020 27.92

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