Dem. Rep. Congo - Imports of goods and services (constant 2010 US$)

The latest value for Imports of goods and services (constant 2010 US$) in Dem. Rep. Congo was 19,816,460,000 as of 2020. Over the past 60 years, the value for this indicator has fluctuated between 19,816,460,000 in 2020 and 312,546,200 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 constant 2010 U.S. dollars.

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

See also:

Year Value
1960 312,546,200
1961 357,272,300
1962 320,887,900
1963 324,286,600
1964 407,445,900
1965 418,666,300
1966 494,328,300
1967 385,498,700
1968 496,716,000
1969 573,399,700
1970 681,218,900
1971 812,491,600
1972 920,306,400
1973 1,078,795,000
1974 973,706,600
1975 895,822,100
1976 741,926,200
1977 1,047,676,000
1978 797,649,600
1979 809,090,800
1980 1,021,926,000
1981 1,061,192,000
1982 885,025,900
1983 1,145,514,000
1984 1,702,129,000
1985 1,840,962,000
1986 1,806,635,000
1987 2,227,249,000
1988 2,539,153,000
1989 2,541,842,000
1990 1,918,930,000
1991 1,787,177,000
1992 1,103,317,000
1993 716,125,600
1994 535,077,500
1995 730,915,800
1996 690,715,600
1997 532,618,400
1998 888,720,600
1999 1,416,734,000
2000 1,605,018,000
2001 1,236,186,000
2002 1,743,230,000
2003 3,666,482,000
2004 3,590,053,000
2005 4,434,830,000
2006 3,913,863,000
2007 5,090,528,000
2008 4,738,736,000
2009 4,738,736,000
2010 7,064,386,000
2011 9,152,884,000
2012 11,630,130,000
2013 12,562,530,000
2014 13,650,480,000
2015 12,767,280,000
2016 12,293,500,000
2017 13,491,280,000
2018 14,130,930,000
2019 17,686,270,000
2020 19,816,460,000

Development Relevance: An economy's growth is measured by the change in the volume of its output or in the real incomes of its residents. The 2008 United Nations System of National Accounts (2008 SNA) offers three plausible indicators for calculating growth: the volume of gross domestic product (GDP), real gross domestic income, and real gross national income. The volume of GDP is the sum of value added, measured at constant prices, by households, government, and industries operating in the economy. GDP accounts for all domestic production, regardless of whether the income accrues to domestic or foreign institutions.

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

Base Period: 2010

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts