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

Imports of goods and services (% of GDP) in Algeria was 27.84 as of 2020. Its highest value over the past 60 years was 67.50 in 1961, while its lowest value was 18.41 in 1987.

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 67.14
1961 67.50
1962 20.82
1963 36.83
1964 29.44
1965 25.83
1966 24.65
1967 21.63
1968 24.19
1969 28.07
1970 29.15
1971 27.66
1972 25.73
1973 31.59
1974 35.49
1975 42.97
1976 37.12
1977 41.74
1978 40.17
1979 32.87
1980 30.34
1981 30.88
1982 29.00
1983 25.80
1984 27.47
1985 26.74
1986 23.17
1987 18.41
1988 22.60
1989 28.51
1990 24.94
1991 23.60
1992 23.87
1993 23.14
1994 26.05
1995 29.00
1996 23.94
1997 21.34
1998 22.52
1999 22.78
2000 20.79
2001 22.02
2002 25.63
2003 23.88
2004 25.65
2005 24.07
2006 21.92
2007 24.87
2008 28.71
2009 35.95
2010 31.42
2011 28.69
2012 28.51
2013 30.40
2014 31.93
2015 36.52
2016 35.05
2017 32.69
2018 32.20
2019 29.13
2020 27.84

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