Burundi - Imports of goods and services (current US$)

The latest value for Imports of goods and services (current US$) in Burundi was $959,704,100 as of 2016. Over the past 56 years, the value for this indicator has fluctuated between $1,037,573,000 in 2014 and $19,928,890 in 1965.

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
1960 $26,250,000
1961 $29,750,000
1962 $35,000,000
1963 $33,250,000
1964 $31,500,000
1965 $19,928,890
1966 $21,494,860
1967 $21,192,000
1968 $24,488,000
1969 $23,004,570
1970 $28,208,000
1971 $35,832,000
1972 $37,205,720
1973 $40,576,810
1974 $53,633,020
1975 $79,994,920
1976 $74,673,620
1977 $94,676,660
1978 $123,426,700
1979 $177,800,000
1980 $214,223,300
1981 $213,555,600
1982 $272,632,200
1983 $268,000,000
1984 $232,495,200
1985 $239,045,100
1986 $268,172,600
1987 $291,224,000
1988 $280,918,100
1989 $255,573,900
1990 $314,442,800
1991 $332,769,100
1992 $319,246,500
1993 $254,942,300
1994 $263,465,000
1995 $272,899,700
1996 $136,902,400
1997 $140,485,300
1998 $173,751,600
1999 $129,001,400
2000 $141,321,300
2001 $138,400,700
2002 $140,218,200
2003 $164,737,400
2004 $225,367,200
2005 $373,658,900
2006 $596,736,400
2007 $464,102,100
2008 $611,231,000
2009 $750,254,900
2010 $794,106,300
2011 $887,268,000
2012 $926,374,200
2013 $929,592,000
2014 $1,037,573,000
2015 $912,049,000
2016 $959,704,100

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