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

Imports of goods and services (% of GDP) in Indonesia was 16.02 as of 2020. Its highest value over the past 60 years was 43.22 in 1998, while its lowest value was 5.39 in 1962.

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 12.56
1961 13.61
1962 5.39
1963 9.35
1964 13.07
1965 5.74
1966 22.10
1967 16.87
1968 15.58
1969 14.83
1970 15.84
1971 16.64
1972 18.90
1973 19.48
1974 21.42
1975 21.97
1976 20.83
1977 20.08
1978 20.85
1979 23.59
1980 22.18
1981 25.55
1982 26.30
1983 28.81
1984 22.80
1985 20.94
1986 20.51
1987 22.40
1988 22.21
1989 22.99
1990 25.59
1991 26.49
1992 27.12
1993 23.77
1994 25.37
1995 27.65
1996 26.44
1997 28.13
1998 43.22
1999 27.43
2000 30.46
2001 30.76
2002 26.39
2003 23.14
2004 27.54
2005 29.92
2006 25.62
2007 25.39
2008 28.75
2009 21.35
2010 22.40
2011 23.85
2012 24.99
2013 24.71
2014 24.41
2015 20.78
2016 18.33
2017 19.18
2018 22.07
2019 19.00
2020 16.02

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