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

Imports of goods and services (% of GDP) in Egypt was 20.65 as of 2020. Its highest value over the past 60 years was 43.50 in 1981, while its lowest value was 16.53 in 1969.

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 21.83
1961 19.74
1962 19.52
1963 23.59
1964 24.87
1965 20.13
1966 20.48
1967 19.11
1968 17.46
1969 16.53
1970 17.09
1971 17.78
1972 17.38
1973 18.16
1974 31.30
1975 35.55
1976 27.92
1977 31.37
1978 33.94
1979 42.97
1980 42.87
1981 43.50
1982 37.87
1983 34.21
1984 31.96
1985 27.88
1986 22.22
1987 22.72
1988 35.23
1989 32.34
1990 32.57
1991 35.38
1992 30.91
1993 30.09
1994 28.06
1995 27.70
1996 26.20
1997 24.90
1998 25.71
1999 23.31
2000 22.82
2001 22.33
2002 22.67
2003 24.38
2004 29.59
2005 32.61
2006 31.57
2007 34.83
2008 38.64
2009 31.60
2010 26.59
2011 24.69
2012 24.31
2013 23.36
2014 22.68
2015 21.66
2016 19.90
2017 29.31
2018 29.37
2019 25.74
2020 20.65

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