Antigua and Barbuda - Imports of goods and services (current US$)

The latest value for Imports of goods and services (current US$) in Antigua and Barbuda was $686,701,700 as of 2016. Over the past 39 years, the value for this indicator has fluctuated between $952,207,900 in 2008 and $34,811,110 in 1977.

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. Data are in current U.S. dollars.

Source: World Bank national accounts data, and OECD National Accounts data files.

See also:

Year Value
1977 $34,811,110
1978 $43,451,850
1979 $69,600,000
1980 $95,400,000
1981 $118,955,600
1982 $147,796,300
1983 $117,211,100
1984 $147,492,600
1985 $187,200,000
1986 $293,463,000
1987 $303,144,400
1988 $283,800,000
1989 $338,911,100
1990 $340,559,300
1991 $357,870,400
1992 $386,455,600
1993 $398,500,000
1994 $421,925,900
1995 $438,925,900
1996 $467,366,700
1997 $478,288,900
1998 $489,922,200
1999 $529,322,200
2000 $498,461,600
2001 $486,573,000
2002 $474,439,600
2003 $534,751,200
2004 $592,338,400
2005 $682,720,500
2006 $818,413,200
2007 $932,372,200
2008 $952,207,900
2009 $706,477,100
2010 $678,929,900
2011 $641,367,700
2012 $701,982,900
2013 $720,788,000
2014 $742,592,600
2015 $670,414,300
2016 $686,701,700

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: Gap-filled total

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts