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

Imports of goods and services (% of GDP) in Eswatini was 42.30 as of 2020. Its highest value over the past 60 years was 114.05 in 1980, while its lowest value was 34.32 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.

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

See also:

Year Value
1960 34.32
1961 34.82
1962 45.72
1963 53.54
1964 46.11
1965 52.59
1966 73.77
1967 84.27
1968 72.11
1969 54.18
1970 60.42
1971 54.92
1972 58.60
1973 56.17
1974 59.24
1975 56.89
1976 67.59
1977 68.65
1978 86.66
1979 99.22
1980 114.05
1981 105.83
1982 101.64
1983 100.44
1984 92.75
1985 92.84
1986 79.77
1987 82.11
1988 80.27
1989 86.89
1990 68.88
1991 70.64
1992 76.09
1993 76.38
1994 72.87
1995 73.75
1996 80.63
1997 76.15
1998 84.78
1999 81.27
2000 85.13
2001 82.00
2002 94.76
2003 88.32
2004 78.63
2005 67.75
2006 51.08
2007 53.78
2008 60.04
2009 57.77
2010 60.19
2011 45.93
2012 42.97
2013 46.27
2014 44.49
2015 40.98
2016 42.59
2017 44.29
2018 44.33
2019 42.97
2020 42.30

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