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

Imports of goods and services (% of GDP) in Iran was 28.53 as of 2020. Its highest value over the past 60 years was 35.38 in 1975, while its lowest value was 8.73 in 1987.

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 17.39
1961 15.86
1962 13.68
1963 12.46
1964 16.33
1965 16.48
1966 17.61
1967 19.66
1968 20.51
1969 21.05
1970 21.20
1971 21.32
1972 21.51
1973 20.66
1974 24.03
1975 35.38
1976 28.23
1977 29.09
1978 22.22
1979 16.06
1980 28.75
1981 27.94
1982 20.97
1983 24.20
1984 16.62
1985 14.29
1986 10.41
1987 8.73
1988 14.30
1989 18.11
1990 23.80
1991 30.37
1992 27.23
1993 20.63
1994 13.32
1995 13.47
1996 15.03
1997 15.37
1998 16.54
1999 15.59
2000 19.79
2001 21.23
2002 23.76
2003 26.05
2004 26.05
2005 24.11
2006 23.30
2007 21.04
2008 21.65
2009 20.99
2010 19.37
2011 17.56
2012 23.24
2013 23.45
2014 21.46
2015 19.27
2016 20.81
2017 23.84
2018 31.82
2019 30.91
2020 28.53

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