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

Imports of goods and services (% of GDP) in Senegal was 35.49 as of 2020. Its highest value over the past 60 years was 44.83 in 1983, while its lowest value was 12.58 in 1960.

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 12.58
1961 16.50
1962 15.94
1963 15.84
1964 16.03
1965 14.93
1966 15.96
1967 16.17
1968 22.07
1969 24.23
1970 23.25
1971 24.35
1972 25.73
1973 28.44
1974 36.10
1975 30.83
1976 32.64
1977 38.34
1978 32.32
1979 30.96
1980 33.19
1981 44.50
1982 37.49
1983 44.83
1984 42.54
1985 33.90
1986 28.26
1987 25.06
1988 25.61
1989 26.57
1990 27.73
1991 26.67
1992 26.47
1993 25.22
1994 33.52
1995 32.07
1996 28.19
1997 28.91
1998 29.51
1999 30.48
2000 30.92
2001 32.02
2002 33.53
2003 32.60
2004 34.56
2005 35.10
2006 34.88
2007 38.72
2008 41.92
2009 32.91
2010 32.48
2011 36.27
2012 39.50
2013 38.28
2014 36.66
2015 35.43
2016 32.55
2017 35.78
2018 38.84
2019 38.52
2020 35.49

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