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

Imports of goods and services (% of GDP) in Madagascar was 28.86 as of 2020. Its highest value over the past 60 years was 46.65 in 2008, while its lowest value was 11.14 in 1983.

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 16.62
1961 19.50
1962 18.38
1963 19.93
1964 19.93
1965 20.00
1966 23.20
1967 21.50
1968 22.79
1969 23.11
1970 21.59
1971 21.03
1972 18.32
1973 18.88
1974 20.21
1975 20.89
1976 17.52
1977 20.05
1978 24.06
1979 30.39
1980 19.60
1981 14.64
1982 12.92
1983 11.14
1984 12.51
1985 12.54
1986 11.70
1987 15.99
1988 16.91
1989 16.41
1990 19.51
1991 19.78
1992 18.66
1993 19.06
1994 23.54
1995 24.39
1996 18.86
1997 20.73
1998 20.92
1999 22.58
2000 23.66
2001 20.96
2002 28.37
2003 20.34
2004 29.32
2005 34.81
2006 34.62
2007 38.91
2008 46.65
2009 42.04
2010 36.00
2011 33.76
2012 30.87
2013 33.10
2014 33.69
2015 32.83
2016 31.74
2017 34.44
2018 36.31
2019 34.18
2020 28.86

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