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

Imports of goods and services (% of GDP) in Cameroon was 18.23 as of 2020. Its highest value over the past 55 years was 31.58 in 1985, while its lowest value was 9.77 in 1993.

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
1965 24.26
1966 23.58
1967 22.58
1968 24.63
1969 22.86
1970 24.67
1971 27.16
1972 26.09
1973 24.00
1974 22.80
1975 25.54
1976 27.36
1977 27.81
1978 28.12
1979 28.24
1980 27.13
1981 28.41
1982 28.91
1983 29.30
1984 30.99
1985 31.58
1986 22.72
1987 20.63
1988 15.96
1989 17.77
1990 17.31
1991 14.64
1992 18.32
1993 9.77
1994 15.48
1995 15.06
1996 20.85
1997 21.82
1998 20.32
1999 17.81
2000 23.07
2001 26.31
2002 25.50
2003 20.81
2004 21.29
2005 22.75
2006 22.93
2007 26.24
2008 29.92
2009 22.59
2010 24.87
2011 27.29
2012 26.16
2013 26.04
2014 27.22
2015 24.55
2016 21.69
2017 20.85
2018 21.85
2019 23.53
2020 18.23

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