Central African Republic - Imports of goods and services (current US$)

The latest value for Imports of goods and services (current US$) in Central African Republic was $527,084,400 as of 2016. Over the past 56 years, the value for this indicator has fluctuated between $639,651,800 in 2014 and $38,336,820 in 1960.

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 $38,336,820
1961 $44,034,880
1962 $46,936,100
1963 $49,792,590
1964 $57,952,750
1965 $56,720,600
1966 $67,160,970
1967 $76,828,940
1968 $75,999,780
1969 $70,699,840
1970 $78,597,130
1971 $75,389,860
1972 $77,877,590
1973 $98,946,250
1974 $121,947,200
1975 $151,161,000
1976 $132,307,700
1977 $174,129,600
1978 $206,899,200
1979 $246,199,300
1980 $327,433,600
1981 $236,648,300
1982 $256,106,200
1983 $241,183,800
1984 $226,437,000
1985 $273,603,600
1986 $321,221,800
1987 $342,886,700
1988 $316,906,400
1989 $326,537,000
1990 $372,791,500
1991 $359,806,900
1992 $372,229,100
1993 $292,701,100
1994 $212,952,100
1995 $315,152,800
1996 $258,135,800
1997 $271,328,300
1998 $274,653,000
1999 $239,761,600
2000 $231,254,900
2001 $210,345,000
2002 $199,723,600
2003 $205,101,400
2004 $244,440,100
2005 $290,317,100
2006 $322,490,000
2007 $398,343,600
2008 $465,218,500
2009 $460,467,500
2010 $526,488,600
2011 $483,637,200
2012 $472,607,600
2013 $379,716,300
2014 $639,651,800
2015 $547,649,400
2016 $527,084,400

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