Imports of goods and services (current US$) - Country Ranking - Central America & the Caribbean

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: Thematic map, Time series comparison

Find indicator:
Rank Country Value Year
1 Puerto Rico 56,386,290,000.00 2013
2 Panama 27,357,000,000.00 2016
3 Dominican Republic 20,690,880,000.00 2016
4 Guatemala 18,769,020,000.00 2016
5 Costa Rica 18,329,830,000.00 2016
6 Cuba 12,591,200,000.00 2015
7 Honduras 12,485,920,000.00 2016
8 Trinidad and Tobago 10,878,570,000.00 2015
9 El Salvador 10,544,090,000.00 2016
10 Nicaragua 7,537,020,000.00 2016
11 Jamaica 6,316,424,000.00 2016
12 The Bahamas 4,686,200,000.00 2016
13 Haiti 4,109,302,000.00 2016
14 Barbados 2,006,600,000.00 2015
15 Belize 1,179,641,000.00 2015
16 St. Lucia 738,362,400.00 2016
17 Antigua and Barbuda 686,701,700.00 2016
18 Grenada 553,047,300.00 2016
19 St. Kitts and Nevis 514,332,400.00 2016
20 St. Vincent and the Grenadines 413,333,300.00 2016
21 Dominica 313,908,400.00 2016

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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