The Gambia - Imports of goods and services (% of GDP)

Imports of goods and services (% of GDP) in The Gambia was 36.89 as of 2020. Its highest value over the past 54 years was 71.58 in 1990, while its lowest value was 24.61 in 2008.

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
1966 43.58
1967 47.19
1968 50.99
1969 51.09
1970 40.91
1971 37.18
1972 40.76
1973 42.38
1974 43.72
1975 43.61
1976 46.35
1977 47.52
1978 59.89
1979 63.26
1980 63.60
1981 66.76
1982 59.64
1983 62.48
1984 64.79
1985 53.92
1986 56.10
1987 59.29
1988 58.45
1989 65.28
1990 71.58
1991 34.66
1992 36.85
1993 36.44
1994 28.68
1995 35.50
1996 29.16
1997 25.39
1998 28.57
1999 28.02
2000 30.56
2001 25.11
2002 32.49
2003 37.77
2004 29.34
2005 30.12
2006 29.34
2007 26.26
2008 24.61
2009 26.03
2010 26.34
2011 25.78
2012 27.86
2013 26.48
2014 36.42
2015 33.34
2016 30.11
2017 36.53
2018 41.38
2019 34.45
2020 36.89

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