Côte d'Ivoire - Imports of goods and services (% of GDP)

Imports of goods and services (% of GDP) in Côte d'Ivoire was 20.46 as of 2020. Its highest value over the past 60 years was 42.28 in 1981, while its lowest value was 20.46 in 2020.

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 22.90
1961 28.10
1962 25.75
1963 23.52
1964 24.72
1965 30.12
1966 28.70
1967 28.79
1968 27.99
1969 27.07
1970 29.11
1971 28.43
1972 29.01
1973 33.23
1974 38.38
1975 36.58
1976 36.25
1977 36.33
1978 37.44
1979 37.66
1980 41.18
1981 42.28
1982 39.33
1983 35.72
1984 31.79
1985 32.40
1986 30.18
1987 29.62
1988 27.89
1989 29.06
1990 27.11
1991 26.99
1992 28.12
1993 25.91
1994 29.31
1995 34.44
1996 24.75
1997 25.84
1998 26.47
1999 27.16
2000 27.17
2001 25.64
2002 24.54
2003 24.52
2004 27.98
2005 30.94
2006 30.85
2007 30.94
2008 30.93
2009 31.26
2010 33.97
2011 29.43
2012 35.32
2013 29.19
2014 25.52
2015 25.36
2016 22.92
2017 23.62
2018 23.43
2019 22.62
2020 20.46

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